Business Loans in Placentia, New Foundland 

Placentia is a town located in the Canadian province of Newfoundland and Labrador. It consists of the Argentia Industrial Park and amalgamated communities of Townside, Freshwater, Dunville, Southeast, and Jerseyside.

With its wide beaches and strategic location, Placentia grew as an important fishing and trading centre in the 1800s; but it later became heavily dependent upon employment at the nearby ARGENTIA Naval Base, built 1940-41. With the phase-down of the US base in 1969 and 1974, employment depended on the fishery. The towns economy was hit hard with the collapse of the COD fishery in 1992 and the resulting closure of fish processing plants, followed by the completed decommissioning of the American base in 1994. This resulted in Placentia merging with the towns of Jerseyside, Freshwater and Dunville, and the former naval base to create one municipal entity (1994). In addition to attracting new industries, Placentia is focusing on tourism. Attractions include the town’s historic buildings, including O’Reilly House (1902), which is now a museum, and Castle Hill National Historic Site (designated in 1968).

Want to grow a business in Placentia? We’re here to help! SharpShooter Funding is servicing small business owners in Placentia with all their capital needs. Whether it is a long term funding package or a short term cash loan, apply online or contact us so we can expedite your request. We are your Placentia Business Loans source. Apply today for a business loan in Placentia.

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