Tag Archives: Zach Churchill
Bigger loans, faster turn-around time, by loan board to help N.S. fishing industry and younger fishermen
The fishery industry in Nova Scotia is worth an estimated $2 billion annually and one important area that updated Fisheries and Aquaculture Loan Board regulations are putting a high value on is younger fishermen and new entrants. The updated regulations were announced in Yarmouth on Dec. 6 and include such things as reduced loan approval wait times and increasing lending limits from $1 million to $5 million. The goal is to expand options and to eliminate financial barriers that have prevented people – particularly younger fishermen – from taking a risk in seeking big loans to get into the sector and/or improve their enterprises. >click to read<19:40
