Overview
The AMC’s Revolving Loan Fund (RLF) program offers flexibility in its collateralization aspects, maximizes borrowing amounts, complements current funding programs around the State of Alaska, and creates partnerships to grow the mariculture industry in Alaska.
The fund is a financial resource tool to create quality jobs and careers for Alaskans, and to encourage more commerce with Alaska-based business 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, including the Alaska Mariculture Alliance’s Mariculture Incentive Grant Program (MIGP), which had a second round of funding going live on October 15, 2024.
Spruce Root business planning services and technical assistance with loan applications and other queries. Click the image below to expand, or visit Spruce Root’s website for more information. Alaska Sea Grant also offers business planning services through Quentin Fong, Seafood Marketing Specialist.
July 2025 Update:
The RLF program received final EDA approval and is working through executing the final agreements with our participating lenders. We are currently working to schedule our next Loan Approval Board (LAB) meeting to inform and advise them of the final agreements in preparation for the LAB to commence approving loans.
Revolving Loan Fund News
On October 1, 2025, the Alaska Mariculture Alliance (AMA) opened the third round of match funding for the Mariculture Incentive Grant Program (MIGP). This program ...
The Alaska Mariculture Alliance (AMA) opened the second round of match funding for the Mariculture Incentive Grant Program (MIGP). The purpose of the MIGP ...
The AMC Revolving Loan Fund (RLF) addresses lending barriers within the industry and leverages capital to support rural and underserved communities interested in entering or ...