In line with supporting the fisheries sector, Land Bank of the Philippines (LandBank) is offering a new credit facility to assist existing and prospective commercial fishing operators in acquiring fishing vessels for domestic or overseas use.
Under the P2-billion LandBank Commercial Fishing Vessel Financing Program, eligible borrowers may loan up to 80 percent of the acquisition cost to purchase a brand-new, second-hand or refurbished commercial fishing boat and related equipment for their business.
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