Cover photo for Fisheries Finance Program

Fisheries Finance Program (FFP)

National Oceanic and Atmospheric Administration


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.


Enterprises


Application Instructions

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.

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Details

Organization

National Oceanic and Atmospheric Administration (NOAA)

Financial Instrument

Loan


Updated June 17, 2022

This information was gathered from public sources. Ambrook is not responsible for or able to affect the results of any financial programs listed, nor are they responsible for any incorrect information that is listed or is on the hyperlinked external sites. All information is subject to change.


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