No Fixed Amount
Type of Program:
Loan & Loan Guarantee
The Aquaculture Loans and Loan Guarantees provides financial assistance for aquaculture production and related services. The program is designed to complement other sources of lending and financial institutions.
Direct loans may be provided to finance viable projects for the purchase or construction of various aquaculture capital costs such as equipment and buildings.
Loan guarantees may be provided on a portion of lines of credit for inventory and feed expenses, sharing the financial risk with financial institutions.
Comments on Funding:
The financial assistance comes as a direct loan or a loan guarantee.
There is a loan guarantee fee of 1.5 % of the amount guaranteed, paid at the beginning of each year.
When It Ends:
The applicant must:
Applicants must submit: