Section B applicants may not have received a prior loan under Section A unless the loan requested under Section A was for engine fuel efficiency or the purchase of a limited entry permit.
The survey value of a vessel is $120,000 and the purchase price is $100,000.
Maximum Loan amount $75,000: 75% of the purchase price (for documented vessels), as it is less than the survey value.
Maximum loan amount = $65,000: 65% of the purchase price (for AK vessels), as it is less than the survey value.
Terms and Conditions
A separate application and fee is required for each type of loan.
The following Commercial Fishing Vessel Purchase Application pages are in PDF format. You will need Adobe Reader in order to view/print them. Acrobat Reader is distributed freely and available for download from Adobe®.
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.
Toll Free Hotline 1-800-478-5626 within Alaska