State fishing loan program could see higher interest rates next summer

State fishing loan program could see higher interest rates next summer

Running your own commercial fishing operation may offer more freedom, but that freedom comes at a premium.

State fishing loan program could see increased interest rates next summer

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 f…