21 Jan Title XI Federal Ship Financing Program
Program Name: Title XI Federal Ship Financing Program
Resource Type: Federal
Agency: Program Source: Loan
Description: This debt obligation guarantee program enables owners of eligible vessels and eligible shipyards to obtain long-term financing with attractive terms. Legislation permits guarantees for up to 87 ½ percent of the actual cost of new vessel construction or the development of technologies for use in shipyards. Funds for the guaranteed debt obligations are obtained in the private sector.