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AK
Alaska Mariculture Cluster Revolving Loan Fund
The Alaska Mariculture Cluster provides collateral support for seaweed and shellfish farmers and processors seeking loans from approved lending partners.
About this program
The Alaska Mariculture Cluster Revolving Loan Fund helps Alaska seaweed and shellfish farmers and processors qualify for financing by providing or enhancing collateral required by approved lending partners. Borrowers apply through participating lenders such as Northrim Bank or Spruce Root, while the fund provides collateral support and related loan-readiness assistance for mariculture projects.
Eligibility
Alaska seaweed and shellfish farmers and processors may seek collateral support for eligible mariculture loans through approved lending partners.
Requirements
- Applicant must be an Alaska seaweed or shellfish farmer or processor.
- Project must be connected to an eligible mariculture business or processing activity.
- Applicant must apply for financing through an approved lending partner.