About Olson Marine, Inc.
Founded in 2000, Olson Marine is a Ketchikan, Alaska-based business that offers ocean, coastal, and inland towing; ship assist; anchor setting; and barge transportation services. The company started with a fleet of one small tug boat, the Wendeanna. In 2005, Rick and Wendy Olson assumed full ownership of the business, growing the fleet to its present size of five tugs, five barges, and five support vessels, offering services ranging from log raft towing to moving general deck cargo. With over 90% of the freight coming into Southeast Alaska via tug and barge, many companies and communities in the region depend on businesses like Olson Marine.
AGC Services Provided
In 2019, Alaska Growth Capital provided an SBA loan to Olson Marine to refinance existing debt on the purchase of a vessel.
“Alaska Growth Capital stepped in and worked with us in a productive and professional manner. The loan officer we worked with understands our industry, was able to move efficiently through the lending process, and was great to work with!”