The U.S. Small Business Administration has announced the availability of long-term, low-interest loans for people affected by chinook salmon fishery disaster declaration. However, some local fishermen say they are uninterested in taking out loans to recover from last season.
Businesses in affected areas in the Kenai Peninsula Borough, Lower Kuskokwim and Lower Yukon Rural Education Attendance Areas, the Matanuska Susitna Borough, and some neighboring areas, can apply for the loans until Aug. 21, 2013.
Applicants must have a credit history "acceptable to the SBA," must prove that they can repay the loan and must provide collatoral for all loans over $5,000 according to the SBA fact sheet on economic injury disaster loans. While the SBA will not decline loans based on a lack of collateral it will require borrowers pledge collateral that is available.
Read the full story at Homer News>>
National Fisherman Live: 3/10/15
In this episode, Online Editor Leslie Taylor talks with Mike McLouglin, vice president of Dunlop Industrial and Protective Footwear.
National Fisherman Live: 2/24/15
In this episode:
March date set for disaster aid dispersal
Oregon LNG project could disrupt fishing
NOAA tweaks gear marking requirement
N.C. launches first commercial/recreational dock
Spiny lobster traps limits not well received
Today Sen. Lisa Murkowski (R-AK) introduced legislation to extend a permanent exemption for incidental runoff from small commercial fishing boats.
The National Working Waterfront Network is now accepting abstracts and session proposals for the next National Working Waterfronts & Waterways Symposium, taking place Nov. 16-19 in Tampa, Fla. The deadline is Tax Day, April 15.Read more...