Benefits and Fees

Benefits

  • Applicant Benefits
    • Repayment periods up to 25 years
    • Interest rates comparable to U.S. Treasury rate for comparable-term securities;
    • Up to 87.5 percent financing;
    • Fixed or floating rates; and
    • Stimulate the growth and modernization of the U.S. Merchant Marine and U.S. shipyards.

Fees

  • Application Fee
    • $5,000 (Credited against investigation fee) 
  • Investigation Fee
    • 1/2% of first $10,000,000
    • 1/8% of amount in excess of $10,000,000  
  • Guarantee Fee
    • 1/2% to 1% of average amount of outstanding obligations
    • Fee determined based upon borrower's financial condition
    • Present value of cumulative annual fees due at initial closing
    • Fee can be financed

Pending Applications

Approved Applications

Ship Operations Cooperative Program
Maritime Research & Development
Inland Container on Barge
Intermodal Access to U.S. Ports and Marine Terminals