Fisheries Finance Program

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.

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.