The Maine seafood industry directly employs more than 5,000 Mainers. The ripple effects of this industry are huge - every advance for an individual harvester creates jobs on land at processing plants, boat outfitters and other peripheral businesses.
Androscoggin Bank is dedicated to creating opportunities for the local seafood economy through flexible boat loans, competitive terms and the understanding that seasonality is the name of the game in fishing.
Boats are often used for other commercial activities - if you are in the "ocean eco-tourism" or passenger ferrying business, Androscoggin Bank would be interested in talking to you about a loan for a new route, equipment for better fuel efficiency or expansion to a new market.
Whether you are purchasing, renovating or updating your commercial boat, Androscoggin Bank's loan programs will help you reach your goals.