Financial Requirements

To be eligible for guarantees, the applicant, its parent company (if applicable), and any other participants having a significant financial or contractual interest in the proposed project will be required to submit U.S. GAAP-compliant, audited financial information.  An applicant must demonstrate there are adequate resources available to meet the following requirements:

  • Minimum of 12.5% equity funded or committed prior to Maritime Administration¬†approval
  • Positive working capital
  • Long-term debt to equity ratio of 2:1 or less
  • Maintain minimum net worth