Maine's Front Street Shipyard gets $10 million federal loan

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(BELFAST, Maine) — Front Street Shipyard has been selected for a $10 million loan from the U.S. Department of Agriculture Rural Development, the Penobscot Bay Pilot reported. The loan will allow the company to consolidate its debt, putting it in a better position for pending projects. The shipyard was founded in 2011 and is one of the largest boatbuilding and retrofit facilities on the East Coast.

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By Professional Mariner Staff