New Loan Product Announcement

*** NEW SEASONAL BULLET LOANS ***

Alaska Commercial Fishing and Agriculture Bank (“CFAB”) is pleased to announce its new lending program to help aid fisherman prepare for their upcoming fishing season by providing short term financing to purchase or repair vessel gear and equipment, purchase or maintain insurance, purchase food and bait, and pay for necessary travel expenses.

CFAB’s new Seasonal Bullet Loan program is simple in design.  No credit checks required, no tax returns, no appraisals, no financials.  The ONLY requirement is that a borrower has a CFAB loan that is in current status.  Seasonal Bullet Loans are issued for either $10,000 or $20,000, and they have six-month terms.

“We know the industry is tightening up, and traditional options to finance the 2025 season have dwindled.  We want to offer our borrowers an alternative to using their credit cards to buy bait and to procure other necessary startup costs,” says Sharon Lechner, CFAB’s President.

Direct questions to sharon@cfabalaska.com or to a CFAB loan officer.