Page 1 of 1

Commercial boat loan

Posted: Tue Jul 18, 2017 12:55 am
by derek hangs
I'm having a difficult time securing financing due to "commercial use" (charters). Credit score is good and the deal is right. I'm looking to borrow 60k or so. Who should I call for a commercial use boat loan?

Re: Commercial boat loan

Posted: Tue Jul 18, 2017 12:58 am
by Andy Tanerby
We ended up securing a commercial loan through a small local bank. There was a lot of hoops to jump through. Our credit score was only a very small portion of the who process.

There are alternatives going through a third party uscg documentation site such as https://uscgdocumentation.us/ they usually can help or redirect you to accurate solutions.