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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Organization
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Financial Instrument
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Image Credit
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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