U.S. flag

An official website of the United States government

Dot gov

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Https

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

ILGP Borrower Success Story: The F/V Pacific Rooster

The Pacific Rooster has been actively fishing since 2009 when it entered the Quinault Indian Nation’s fleet of ocean-going vessels.

The Pacific Rooster has had several good seasons and has endured the challenges of the fishing industry: bad weather, poor fishing days, and other elements that are outside of its control.

The crew of the Pacific Rooster proudly exercises the treaty rights of the Quinault Indian Nation and promotes their unique way of life. They continue to successfully deliver their catch to Quinault Pride Seafood.

Details

Date of Commitment: 2012Type of Service: Loan GuaranteeLender: Craft3 BankBorrower: Lawrence Goodell, Jr.Project: Purchase of the Pacific RoosterFinancing Amount: $130,000Location: Quinault Indian Nation

Description

Larry Goodell, Jr. is known as "Junior" in the Quinault tribal community, but on the sea, he is known as Captain Goodell, responsible for his fishing vessel the Pacific Rooster, and the soul that mans his crew. The Pacific Rooster has been actively fishing since 2009 when it entered the Quinault Indian Nation’s fleet of ocean-going vessels. The crew of the Pacific Rooster proudly exercises the treaty rights of the Quinault Indian Nation and promotes their unique way of life. They continue to successfully deliver their catch to Quinault Pride Seafood. 

“Commercial fishing is an expensive industry and is an extremely high risk occupation. Fishermen worry about earning a paycheck and have a heightened concern for simply returning home each time they depart for sea,” Captain Goodell said.

The Pacific Rooster has had several good seasons and has endured the challenges of the fishing industry: bad weather, poor fishing days, and other elements that are outside of its control.

“It is great to be able to provide an opportunity for Quinault tribal members to engage in our way-of-life. The work provides an income to pay bills, but there is also something special about our profession. We get to nourish our mind, body and soul with the satisfaction of harvesting and eating the fruits of our catch while living the Quinault way,” said Captain Goodell said.

When asked how difficult it was to use the Indian Loan Guarantee and Insurance Program (ILGP), Captain Goodell said, “The loan process was relatively easy. The Craft3 loan officers introduced me to the program and assisted me through the process.”

Was this page helpful?

This Page Was Not Helpful Because The Content:

indianaffairs.gov

An official website of the U.S. Department of the Interior

Looking for U.S. government information and services?
Visit USA.gov