Fisheries Finance Program (FFP)

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.