Running your own commercial fishing operation may offer more freedom, but that freedom comes at a premium. That cost can make it particularly hard for those looking to enter the industry or update their fleet.
The Alaska Department of Commerce investments division held a public session in Wrangell on Sept. 16 to share information with potential borrowers and check in with current ones. The program offers low fixed-interest loans to commercial fishermen. On June 30, 2027, the legislation that fixed rates at 5.25% for the loans will expire, potentially increasing rates for new borrowers and also...
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