Government Loans for Fisheries
Loan Criteria
If you wish to apply for this government loan, you should meet the following criteria:
- You must be a citizen of the United States.
- The fisheries project should have been in operation for at least 3 years.
- You should have enough assets to serve as loan collateral, and your credit and earning history should be excellent.
Required Documents
After the project proposal is deemed eligible for a small business loan offered, a set of documents are required to be submitted together with the filled-out application form:
- fishing and licensing permits of the eligible project issued by the government (both Federal and State)
- names of major customers and suppliers and its related credit terms/limits
- lists of owners if the business is owned by one or more individuals
