Fisheries Finance Program
Active
- Assistance listing
- 11.415
- Agency
-
National Oceanic and Atmospheric Administration
Department of Commerce
- Grant awards
- Not on record
Program facts
- Treasury account
-
- 13-1456-0-1-376
- More information
Program details come from SAM.gov Assistance Listings. Updated .
About this program
The National Oceanic and Atmospheric Administration (NOAA) provides direct loans for fisheries vessel acquisition, reconstruction, shoreside and aquacultural facility financing, Individual Fishing Quota purchases, and fishery buyback programs under CFDA 11.415, with applications reviewed by NOAA's National Marine Fisheries Service Regional Program Office and processed by the NOAA Grants Management Division.
The program funds vessel financing for purchase of used fishing vessels or non-capacity-adding vessel reconstructions, refinancing of existing fisheries debt, shoreside and aquacultural facility finance or refinance, Individual Fishing Quota financing (currently available to first-time purchasers and small vessel operators in the Halibut Sablefish fisheries at the request of a Fishery Management Council), and long-term fishery buyback financing to purchase and retire fishing permits and vessels in overcapitalized fisheries at the request of a Fishery Management Council or Governor. The program explicitly does not issue loans for purposes that could contribute to overcapitalization of the fishing industry.
This is a direct-loan program rather than a grant program. Applications are reviewed and decisions typically issue within 180 calendar days from receipt of a complete and acceptable application, though timelines may exceed that window. No formal appeal procedure exists; if an application is unacceptable, the reasons are fully stated to the applicant, and resubmission requires project revision per recommended changes. Approved ongoing projects may be extended by amendment request but do not renew. Recipients must retain grant-related records for three years from submission of the final financial report, or longer if litigation, claims, or audits are initiated during that window.
The source contains no information about recent loan disbursements, award volume trends, funding concentrations, or open solicitation periods. Organizations evaluating this program should contact the National Marine Fisheries Service Regional Program Office or NOAA Grants Management Division directly to confirm current availability and application windows, as no recent opportunity posting or award activity data is present in the source.
Objective and description
- Objective
Provides direct loans for certain fisheries costs. Vessel financing available for the purchase of used vessels or the reconstruction of vessels (limited to reconstructions that do not add to fishing capacity). Refinancing available for existing debt
- Description
Provides direct loans for certain fisheries costs. Vessel financing available for the purchase of used vessels or the reconstruction of vessels (limited to reconstructions that do not add to fishing capacity). Refinancing available for existing debt obligations. FFP loans are not issued for purposes which could contribute to over capitalization of the fishing industry. Finance or refinance fisheries shore side facilities or Aqua cultural facilities. Provides Individual Fishing Quota (IFQ) financing (at the request of a Fishery Management Council). IFQ financing available at this time to first time purchasers and small vessel operators in the Halibut Sablefish fisheries. Provides long term fishery buy back financing (at the request of a Fishery Management Council or Governor) to purchase and retire fishing permits and/or fishing vessels in overcapitalized fisheries.
Eligibility
- Applicant eligibility
Applicant must possess the ability, experience, financial resources, and other qualifications necessary to operate successfully and repay the debt.
- Beneficiary eligibility
Commercial fishermen, processors or distributors of fishery products.
- Uses of assistance
Direct loans for up to 80 percent of actual cost, for reconstruction or reconditioning of fishing vessels, renovation, repair or construction of fisheries shore side facilities, (including aquaculture facilities) and financing and refinancing the cost of certain IFQs. Maximum maturity up to 25 years. Funds from this program are not used for purposes which contribute to over capitalization of the fishing industry.
- Length and time phasing of assistance
Maximum term is 25 years. Financing based on the economic useful life of the asset financed.
How to apply
- Preapplication coordination
Refer to program guidelines
- Criteria for selecting proposals
Criteria for proposals is located in the NOFO
- Award procedure
Applications reviewed by the National Marine Fisheries Service Regional Program Office and processed by the NOAA Grants Management Division (OA32).
- Time to approval or disapproval
A date range will change depending on the review process. Usually within 180 calendar days from the receipt of a complete and acceptable application but may exceed that timeline
- Renewals
No renewal. However, an approved on-going project can be extended by submission of an amendment request.
- Appeals
No formal appeal procedure. If application is unacceptable the reasons are fully stated to the applicant. If the applicant desires to resubmit application, project must be revised in accordance with recommended changes
Quick answers
What is Assistance Listing 11.415?
Assistance Listing 11.415 is Fisheries Finance Program, a federal grant program run by National Oceanic and Atmospheric Administration (Department of Commerce).
What is the CFDA number for Fisheries Finance Program?
Its CFDA number is 11.415: Assistance Listing numbers were called CFDA numbers before 2018.
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