Loan Programs

Commercial Fishing Loan Fund

Loan Assumption

Eligibilty

  • Must be an Alaska resident for a continuous period of two years immediately preceding the date of application;
  • and
  • Applicant's intended use of collateral must be consistent with fish harvesting.

Collateral Requirements

  • After an analysis of existing collateral, additional collateral may be required.

Fees

  • A $100 application fee must accompany all applications.
  • An assumption Fee of 1% of the loan amount will be due at loan closing.

Loan Assumption Application Package

There are different pages 1 and 2 for each different type of loan (limited entry permit, vessel purchase, etc.). If you are applying for more than one type of loan, complete pages 1 and 2 for each type of loan, then complete one set of pages 3 through 13. A separate application fee is required for each type of loan

The following Commercial Fishing Loan Assumption Application pages are in PDF format. You will need the Adobe Reader in order to view/print them. Acrobat Reader is distributed freely and available for download from Adobe®.

Loan Application

The Division of Economic Development, Department of Commerce, Community, and Economic Development complies with Title II of the Americans with Disabilities Act of 1990. This publication is available in alternative communication formats upon request. Please contact the Division of Economic Development at (907)465-2510 or TDD (907)465-5437 to make any necessary arrangements.