The Fisheries Finance Program provides long-term financing for the cost of construction or reconstruction of fishing vessels, fisheries facilities, aquaculture facilities, and individual fishing quota in the Northwest Halibut/Sablefish and Alaskan Crab Fisheries. The Western Alaska Community Development Quota Share program was recently included, to provide economic development opportunities for Western Alaska Communities. Vessel financing or refinancing that could contribute to overcapitalization by increasing harvesting capacity is prohibited by regulation.
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% of your proposed loan amount.
Paul Marx, Division Chief
Financial Services Division (F/MB5)
National Marine Fisheries Service
1315 East West Highway
Silver Spring, MD 20910
Catalog of Federal Domestic Assistance Number: 11.415, Fisheries Finance Program.