Interest Rate Assistance

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bt-boatdrill1BBEDC offers resident fishers an opportunity to reinvest in their commercial fishing operations by providing relief from a portion of the interest on fishery related loan payments.  In 2016, this program will provide 4% of interest due up to $4,000 annually.  The program is offered on a first come, first served basis.

  • Participation is limited to one loan per individual
  • Applicants must be a BBEDC resident
  • Loans must be for a vessel, permit or gear
  • Loans must be in good standing
  • Applicants must apply prior to making the current payment
  • Applicants must allow at least 2 weeks for processing an application
  • Payments are made directly to the lending institute

2017 Interest Rate Assistance Application

IRS W-9 Form

For more information please contact Alice Ruby or Bernina Venua at 842-4370 or 1-800-478-4370.