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Amortized Loan

An amortized term loan has scheduled periodic payments applied to both the loan's principal and accrued interest. Loan payments are first applied to the interest expense for the period, after which the remainder of the payment is applied to the principal amount. Term loans can have fixed or variable interest rates.

Partially amortized loan

A partially amortized term loan means that the borrower repays only a portion of the loan in scheduled, periodic payments, and the remaining balance is paid at the end of the term.

Balloon Payment

A balloon payment is a payment that is due at the end of a partially amortized loan.

Secured loan

A secured or collateralized loan means the loan is backed by a valuable asset, in this case, your boat.

Find a Boat Loan

We'll match YOU WITH THE RIGHT FINANCING OPTION

We offer a wide variety of loan products.  Tell us what scenario fits your needs, and we’ll walk you through our quick and easy application process.

 

Term
Loans

  • I am buying a new or used boat OR I am looking for a Preapproval.

Inventory
Finance

  • I am a boat dealer purchasing multiple boats in the future.

Full-time
Charter

  • My vessel will be available for full-time charter.

Limited
Charter

  • I plan to charter my vessel for a maximum of 73 days per year.

Personal
Use

  • I’ll use my vessel for my own personal enjoyment.

Hold in LLC

  • My vessel will be owned by a single-asset LLC.

Own Personally

  • My vessel will be held in my personal name and/or jointly with others.
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A new page will begin the loan application process. It typically takes a few minutes to complete and does not commit you to the loan.

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We have an excellent team of professionals committed to elevating your lending experience. Toss us a line using the contact form, send us an email or give us a call. We’re here to answer your questions every step of the way.