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Fisheries Loan Guarantee Program

Fisheries Loan Guarantee Program

Government of Newfoundland and Labrador - Department of Innovation, Business and Rural Development

Applies to: Newfoundland and Labrador

If you are a registered full-time fish harvester, you can apply for a government guarantee for loans of up to two million dollars at commercial interest rates. Normally, a down payment of 10% to 15% is required, plus adequate security for the loan.

The repayment period for new vessels would be negotiated with you on an individual basis, based on life expectancy, with a maximum term of 20 years.

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