New Generation of Deadliest Catch Captains?


Applications are being accepted by the National Marine Fisheries Service for a crab individual fishing quota loan program that will allow crab captains and crew to borrow up to 80 percent of the cost of purchase or to refinance existing IFQ loans.

“I am pleased to see that the crab loan program is finally available for skippers and crewmen,” said Sen. Lisa Murkowski, R-Alaska, who provided the NMFS loan authority to lend up to 8 million for the crab IFQ loan program in the fiscal year 2010 budget.

“They have been waiting a long time for this federal loan program that will assist them in purchasing crab quota shares,” the Alaska Republican said in a statement released Feb.3.

To request an application or receive more information about this loan program, contact the NMFS at 206-526-6122 or email nw.finance@noaa.gov.

via The Dutch Harbor Fisherman – Millions available for crab IFQ loan program.

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