The Fisheries Finance Program (FFP) is a direct government loan program that 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.
In order to be eligible for this program:
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 978-281-9203
Northwest Financial Services Branch
Seattle, WA 206-526-6122
If after discussing your proposal 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 half of one percent of your proposed loan amount.