PROGRAM OBJECTIVES:
To provide competitive financing through the issuance of guarantees of debt issued for the purpose of financing or refinancing the construction, reconstruction or reconditioning of vessels built in United States shipyards and guarantee obligations for advanced shipbuilding technology and modern shipbuilding technology of a general shipyard facility located in the United States to stimulate commercial ship construction for domestic and export sales, encourage shipyard modernization, and support increased productivity.

 ELIGIBLE FUNCTIONAL CATEGORIES:
1. BUSINESS AND COMMERCE;
- Maritime;

 WHO CAN BENEFIT FROM THIS PROGRAM:
- Individual/Family;
- Anyone/general public;
- U.S. Citizen;

 WHO CAN APPLY:
- Individual/Family;
- Profit organization;