Loan and Investor Programs
Loan and investor programs may be a source of funding for seafood alternative marketing efforts. These programs are run by groups such as government agencies, banks and non-profit organizations. The amount of funding and the type of fishing-related expenses they support vary, as do specific eligibility and payment requirements.
Examples of loan and investor programs available to commercial fishermen include:
- Access Financing: An online search tool through BusinessUSA to help identify government financing programs (grants and loans) that fishermen may qualify for and use to establish or expand alternative marketing.
- AmericanWest Bank: A member of the Northwest Fisheries Association that provides term loans and lines of credit to help finance West Coast commercial fishing operations' vessels, permits and some other expenses.
- California Fisheries Fund: A nonprofit loan fund that invests in the fishing industry on the West Coast (California, Oregon and Washington) to support business growth and improvements.
- Fish 2.0: A business competition run by Manta Consulting that connects sustainable fisheries and aquaculture businesses with potential investors.
- Fisheries Finance Program: Federal program administered by NMFS (NOAA Fisheries) that provides federal loans and financing for fishing vessels, fisheries facilities, permit costs and other items.
- Small Business Administration Loan Programs: A website that provides information on federal loan programs for small businesses.
- Slow Money Alliance: A national network that facilitates citizen and community investment in local food enterprises.