NOAA Fisheries recently announced that its Finance Program has received $100 million of lending authority* for Fiscal Year 2016 and is now accepting applications. (*Lending authority is not an appropriation of funds and may not be converted to such.)
This national loan program offers long-term fixed interest rate loans to the commercial fishing and aquaculture industries. Loan terms range from 5 to 25 years and interest rates are competitive.
Eligible projects may include:
Aquaculture & Mariculture
Fisheries Shoreside Facilities
Fishing Vessels (Including Charter Vessels)
For more information, visit:
source: NOAA Fisheries