March 30, 2016 — NOAA Fisheries is accepting applications from commercial fishermen and those in the aquaculture industry looking for a share of NOAA’s $100 million in lending authority designated for fiscal 2016.
The loans, which run from five to 25 years, have market-competitive interest rates.
Eligible applicants include those working in aquaculture, mariculture, shoreside fisheries facilities and commercial fishermen.
Potential uses for the funds among applicants from aquaculture, mariculture and shoreside fisheries facilities include purchasing an existing facility, improvements to an existing facility, new construction and reconstruction.