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Find similar grantsAMC Revolving Loan Fund is sponsored by Alaska Mariculture Alliance. Provides loans to eligible businesses, nonprofits, cooperatives, and municipal governments to increase access to mariculture in Alaska.
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Revolving Loan Fund - Alaska Mariculture Cluster Revolving Loan Fund GreenixMedia 2026-04-09T16:05:40-08:00 The AMC’s Revolving Loan Fund (RLF) is a collateralized support program that helps borrowers qualify for loans by providing or enhancing collateral that a lender requires.
The AMC RLF offers flexibility in its collateralization, maximizes borrowing amounts, and complements other funding programs, such as the Mariculture Incentive Grant Program (MIGP) . The RLF’s goal is to increase access to capital, create quality jobs, and encourage more commerce while protecting Alaska’s environment, indispensable cultural resources, and economic future.
The fund will help stimulate private lending institutions’ involvement in distressed communities by targeting 50% of total RLF funds to indigenous and distressed communities. Where possible, funds will be utilized in conjunction with other public or private monies to fund the development of a mariculture sector in Alaska. Borrowers may apply for a loans with Northrim Bank or Spruce Root with the AMC RLF offering collateral support.
Please visit our lending partners to learn more about loan services and the review the Prequalification Checklist : Prequalification Checklist Free Business & Financial Planning Resources The loan application process and timeline will depend heavily on the applicant’s own preparation and loan readiness, which is why the AMC grant program provides free business planning and technical assistance services to Alaska seaweed and shellfish farmers and processors.
Learn more about the AMC’s free business planning resources through Spruce Root and GreenWave. GreenWave Offers Free Cost of Production Analysis for Alaska Kelp Farms & Processors Spruce Root Offers Free Mariculture Business Planning Services Alaska Sea Grant also offers business planning services through Quentin Fong, Seafood Marketing Specialist .
Borrowers may now apply for loans with Northrim Bank or Spruce Root with the RLF providing collateral support. Two loans have been issued and are earning money, which means the “revolving” portion has begun. For inquires and questions, please email Jamey Young , AMC Revolving Loan Fund Officer.
In accordance with EDA requirements, the interest rate may not be less than the lower of four percent (4%) or 75 percent (75%) of the prime interest rate listed in the Wall Street Journal. The interest rates are set by each lending partner based on current market conditions and overall credit quality and risk factors.
The interest rate offered by partnering lenders should be lower than what would be offered without collateral support, given that a portion of the collateral is essentially cash and represents the lowest risk to the lender. Approved Lending Partners Borrowers may apply for a loans with Northrim Bank or Spruce Root with the AMC RLF offering collateral support.
Additional lending partners are welcome and encouraged to join the RLF program. To encourage investment into the Alaskan mariculture industry, Alaska residency is not required for all business equity holders, but at least one equity holder or owner as well as a majority of the full time, non-seasonal employees of the business or Alaskan subsidiary of the business must be Alaska residents.
Eligible businesses include for-profits, start-up businesses, Alaska Native owned start-ups and businesses, and cooperatives. Loans may be intended for production and processing of mariculture products, business expansions, business retention, farms and producers, retail, commercial, service, industrial, and manufacturer operations in relation to the Alaska mariculture industry.
Start-ups and first-time farmers may be required to provide additional information including personal financial statements, business plans and projections, and resumes; approved technical training courses may also be required. At least 25% of funds and services are targeted directly towards underserved communities and an additional 25% to Alaska Native entities.
If there is insufficient demand to meet these lending targets, the RLF will redirect funds with preference continuously being given to Alaska Native entities, underserved communities, and the broader mariculture industry – in this order. The RLF will conduct outreach and awareness efforts to help stimulate demand.
Project Narrative Submitted to the EDA Revolving Loan Fund FAQs Flyer Seamark Offers Consulting Services for Mariculture Businesses With funding awarded from the Alaska Mariculture Cluster (AMC) through a competitive RFP, Seamark Holdings LLC (Seamark), an Alaskan management consulting firm founded by ...
GreenWave Offers Free Cost of Production Analysis for Alaska Kelp Farms & Processors In 2025, GreenWave began working with Chris Janke of Small Business Butter - an experienced small business coach and financial analyst - to host ...
Spruce Root Offers Free Mariculture Business Planning Services The Alaska Mariculture Cluster (AMC) and Spruce Root offer free business planning, technical assistance, and loan and financing programs to help grow and support Alaska's ... RFP Opportunities, Jobs, & Industry News A project of Southeast Conference
According to the current listing, eligibility includes: Businesses, nonprofits, cooperatives, and municipal governments in Alaska. Confirm the full requirements in the official notice before applying.
AMC Revolving Loan Fund is funded by Alaska Mariculture Alliance. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Alaska. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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