Fisheries Finance Program

Program objective

Provides direct loans for certain fisheries costs. Vessel financing available for the purchase of used vessels or the reconstruction of vessels (limited to reconstructions that do not add to fishing capacity). Refinancing available for existing debt obligations. FFP loans are not issued for purposes which could contribute to over capitalization of the fishing industry. Finance or refinance fisheries shore side facilities or Aqua cultural facilities. Provides Individual Fishing Quota (IFQ) financing (at the request of a Fishery Management Council). IFQ financing available at this time to first time purchasers and small vessel operators in the Halibut Sablefish fisheries. Provides long term fishery buy back financing (at the request of a Fishery Management Council or Governor) to purchase and retire fishing permits and/or fishing vessels in overcapitalized fisheries.

As published in the SAM.gov Assistance Listing.

No open or forecasted opportunities are currently posted under this listing. Programs often post notices on an annual cycle — see recently closed opportunities below for timing.

Eligible applicants (program level)

• ✓Tribal
• ✓Unrestricted by Entity Type
• ✓Territorial
• ✓State
• ✓Local

Applicant must possess the ability, experience, financial resources, and other qualifications necessary to operate successfully and repay the debt.

Intended beneficiaries: Tribal, Territorial, Unrestricted by Entity Type, Local and State.

Program-level eligibility from SAM.gov. Each funding notice sets its own requirements.

Frequently asked questions