NSEDC originally established the revolving loan program to help residents purchase permits and gear for Norton Sound commercial fisheries. The revolving loan program makes loans to local people for purchasing large vessels, upgrading fishing boats and fishing related equipment, permit purchases, and buying salmon, herring, crab and halibut fishing gear.

In 2001, NSEDC expanded this program to include the large vessel loan option. This option is available to local Norton Sound fishermen to specifically address the vessel needs for the developing Norton Sound red king crab and halibut fisheries.

Revolving Loan Program Application
Large Vessel Loan Option Application

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For more information contact:

Virginia Nashalook
Senior Accountant