Machias Savings Bank

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Fishermen Relief Banner

Captain, Owner, Fisherman -

The United States Department of Agriculture (USDA) announced a $527 million US “Seafood Trade Relief Package” (STRP). Maine lobstermen alone are estimated to be eligible for $50 million. If you fish for lobster, you could be given $.50 for every pound you caught in 2019! There are also subsidies for herring and tuna catches, among others. The applications are now available and must be submitted by December 14th, 2020. If eligible to apply, please review the full program details here. Please check with the USDA, a tax advisor, or legal counsel for specific advice in applying. Although this is not our program or application, we will help you in any way we can!

Additional guidance has come out, we’ve reviewed it, and here’s what you need to know:

  • This is a one-step process — with 6 required and separate documents you will need to fill out and send in.
  • Below are our tips to help make this easier and less time consuming for you.
  • All documents can be submitted electronically and on your own, or with help from us if you need it.

 

OUR FOCUS

As a customer of Machias Savings Bank, the focus is on you. We will enhance your banking relationship by working with you to discover your banking needs. We will be there when you need us.

 

© Machias Savings Bank. All rights reserved.

Member FDIC. Equal Housing Lender logo Equal Housing Lender.
Routing Number: 211274531
Wire Instructions for Customers
NMLS Number: 469539

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