This project was successfully funded by a loan from Steward Regenerative Capital.
A refinanced bridge loan for Tre Fin's fish processing facility to allow for a ramp up period after construction.
Mike Domeyer and a team of experienced and passionate team members operate Tre-Fin Day Boat Seafood out of Ilwaco, Washington. Tre-Fin has now completed construction on their fish processing facility and is working towards improving operations and efficiencies in the business. Tre-Fin delivers value-added seafood products directly to consumers through a Community Supported Fishery model and through wholesale, restaurant, and retail sales. It’s a huge undertaking and one that has involved constant adaptation and reimagining, all with the end goal of delivering quality food while caring for the health of fisheries and the livelihoods of those who steward them.
The Tre-Fin team does this work because of their commitment to the aquatic ecosystem and their desire to create a more sustainable and equitable regional seafood economy. The new model they are creating represents fair wages and good jobs, healthy fisheries, and a sustainable industry to pass on to the next generation—as Mike describes, the antithesis of trawling.
In 2021, Mike connected with Steward to purchase a building for a new production facility that could increase the throughput two or three-fold, and also serve as direct retail space for their products and those of other local fishers. A participated loan campaign secured $260,000 to purchase the building and begin renovations for a new fish processing facility. A construction loan from Steward Regenerative Capital was then issued in November of 2022 and construction was completed within a 12 month period. Since construction completion, Tre-Fin has been increasing efficiencies, expanding sales channels and improving operational capacity. This loan enables Tre-Fin a longer period of time to focus on improving business operations before principal payments begin on their acquisition and construction loans.
Tre-Fin is committed to transparency and truly sustainable seafood sourcing. They embrace this core mission through the following practices:
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