WebFisheries Finance Program. 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. WebThe maximum loan amount is $10,000,000. If a request for more than $1,000,000, the applicant must be a regional association or private, nonprofit corporation approved by the regional association in the specific area of the proposed hatchery development. Loan …
Commercial Fishing Loan Program, Division of Investments
WebSubpart B of this part governs the Fisheries Finance Program (FFP or the Program), which makes capacity neutral long-term direct fisheries and aquaculture loans. The FFP conducts all credit investigations, makes all credit determinations and holds and services all credit … WebMar 7, 2024 · The Local Fish Fund is an innovative fisheries loan program that will provide a new financing tool for the next generation of commercial fishers in Alaska’s fishing communities.. The Local Fish Fund is a collaborative effort spearheaded by the Alaska Sustainable Fisheries Trust, a Sitka-based nonprofit organization that protects and … chinese laundry joker
Fisheries Finance Program NOAA Fisheries
WebNov 30, 2024 · 3 . o Applicants must have been a fishery participant in 2024 and 2024. o Do not include COVID-19 pandemic-related assistance through grant, loan funding, or unemployment to calculate economic revenue loss for 2024. o Do include revenue from purchases of seafood product by the USDA or other federal entities to calculate … WebMar 25, 2024 · (1) The FFP has approximately $197,284,200 in CDQ loan authority. Each of the six CDQ groups may submit a letter of interest to borrow up to $32,880,700 for a qualified FFP loan project (s) by April 25, 2024. (2) Letters of interest will only be … WebLoan Program Goal and Objectives To provide long-term, low interest loans to promote the development of predominantly resident fisheries, and continued maintenance of commercial fishing vessels and gear for the purpose of improving the quality of Alaska seafood … chinese laundry kyra pump