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Fisheries Finance Program
Provides long term financing for the cost of construction or reconstruction of fishing vessels, fisheries facilities, aquacultural 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 after discussing your proposal and it appears to meet the program's requirements, you will be sent 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