Federal Ship Financing Guarantees
Department Of Transportation, Maritime Administration
To finance eligible vessels and shipyards to promote the growth and modernization of the U.S. Merchant Marine and U.S. shipyards. The Federal Ship Financing Program (commonly referred to as "Title XI" based on the part of the Merchant Marine Act of 1936 that established the program) provides long-term loans by the Maritime Administration (MARAD). Through these loans, the Title XI Program encourages U.S. shipowners to obtain new vessels and recondition existing vessels with U.S. shipyards cost e
Jargon-free version
Helps U.S. shipowners finance new and refurbished vessels through long-term loans. This supports the growth of U.S. shipyards and the Merchant Marine.
Quick Facts
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What Is This Program?
What Benefits Are Offered?
Long-term loans for the growth and modernization of the U.S. Merchant Marine and U.S. shipyards, offering below-market interest rates and longer repayment terms (up to 25 years). Up to 87.5 percent financing available.
Who Is Eligible?
Industries: maritime, shipping, shipbuilding, ship repair
Region: US
Other Criteria: U.S. Merchant Marine entities, U.S. shipyards, Demonstration of sufficient project financial strength and minimum cash flow requirements, Vessels of National Interest (for prioritized processing)
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Contact the program administrator for funding details.
This program accepts applications on a rolling basis.
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