Fisheries Finance Program

The Fisheries Finance Program (FFP) provides long-term fixed rate loans for the fishing and aquaculture industries.

National

Due to COVID-19, our staff is teleworking. We do not have access to mail or faxes sent to the offices. Please call or email your loan officer directly.

The FFP provides long-term fixed rate financing for the cost of:

Refurbishing, modernization or purchasing of existing fishing vessels, fisheries facilities, or aquaculture facilities;
Harvesting privileges in federally managed limited access systems (Catch Shares); and
Individual fishing quota in the Northwest Halibut/Sablefish and Bering Sea/Aleutian Islands Crab Fisheries.

The FFP will also refinance existing debt incurred for these purposes. The FFP will not finance a vessel refurbishing project that materially increases a vessel’s harvesting capacity.

How Do I Get More Information?

Contact your regional Financial Services Branch and discuss your project:

Southeast Financial Services Branch

St. Petersburg, FL (727) 824-5377

Northeast Financial Services Branch

Gloucester, MA (978) 281-9154

Northwest Financial Services Branch

Seattle, WA (206) 526-6122

If your proposal appears to meet the program's requirements, you will receive an application form to complete and submit along with a one-time filing/commitment fee equal to 1/2 of 1 percent of your proposed loan amount.