License(s) loan
no fixed amount
Loan
Description:
License(s) loans allow new fishers to join the industry, and established fishers to expand or diversify operations. We consider license and enterprise purchases to be long-term investments so we‘ll support you with long-term loans.
Comments on Funding:
Continuous Intake
Eligibility:
Applicants must be active fishers, aquaculturists, seafood processors, and boat builders as well as those looking to get into or get back into the industry.
Application Steps:
Applicants must:
1. complete and attach the forms required
2. need to complete one of more Appendices as instructed in the application checklist, based on the type of loan you’re applying for. 3. also need an additional copy for a guarantor or when working with your boatbuilder on a new build.
Documentation Needed:
Applicants must submit:
1. Purchase of Licence(s) or Fishing Enterprise (License, Vessel and Gear) Form
2. Appendix D – Personal Financial Statement
3. Creditor Life Insurance Form
4. Certificate of Life Insurance
Other Things to Note:
About the author
Maurice
