Boat Loan Help
Apply Online Now Extended Term Financing Loan Calculator Loan Products Marine Surveys Printable Application Refinancing Boat Loans Request a Rate Quote

Boating Lifestyle
Great Inland Waterways

Financing FAQs
Adjustable Rate Loans Charter Loans Credit Challenged Loans Entity Purchases Equity Loans Equity Take Outs FAQ List Fixed Rate Loans Interest Only Loans Liveaboard Loans New Purchases No Income Verification Refinancing

Glossary
Adjustable Rate Loans APR Cash Flow Calculation Closing Fees Coast Guard Documentation Collateral Inspections Comparable High Credit Credit Score Debt to Income Default Delinquent Credit FICO Fixed Rate Loan LIBOR Liquidity Payment to Income Pre-Approval Prepayment Penalty Revolving Credit State Title Stated Income Loans Survey and Appraisal Tax Deductibility Variable Rate Loan



Charter Loans

If you don't find your boat loan, yacht loan or marine finance questions answered here please contact us.


Charter Loans

Q: I am considering purchasing a sailing catamaran and putting it into a full time charter program in the BVI. What kind of loan can you provide me for this?
A: This would be considered a commercial loan. Our lenders will provide loans for limited charter, which permits chartering the vessel no more than 25% of the time during the year.
  view | print |

Q: Can you tell me what makes Beacon Credit a better finance source than Essex Credit, Trident Funding, First Commercial, or Sterling? I need to refinance my boat loan.
A: We are better-suited to meet your needs in that we have been in the boat loan business for a very long time. We are the only major boat lender with an on-line credit application that is set up to approve qualified boat loan applicants at the time of submission.
  view | print |

Q: I have the Liberty Schooner (www.libertyschooner.com) under contract for $450k. I have $250k, down, and want a loan for $200k. Please contact me if you are interested in my business.
A: Philip, I will have someone contact you soon to discuss your boat loan request. Thank you for your interest in Beacon Credit.
  view | print |

Q: I will be purchasing a boat for charter and live aboard. I have questions, and I'm looking for finacing. Please call.
A: Robert, We do not have the ability to do a full time charter and live a board boat loan. Sorry
  view | print |

Q: I HAVE A 2003 CUSTOM 48 FOOT CHESAPEAK CHARTER BOAT WITH TWIN 600 HP CATERPILLAR ENGINES.I AM A LITTLE SHORT ($50000).THE BALANCE I HAVE IN CASH.NEED TO BORROW THE $50,000 AT THE LOWEST RATE POSSIBLE AND FOR THE LONGEST PERIOD OF TIME.WHAT CAN YOU DO FOR ME
A: Richard, We do not have a loan product for full time charters but I am checking around with some other lenders that may. I will be in touch if I find something. Thanks for you marine loan question.
  view | print |


Name
Company
Phone
E-Mail

RE:


Comments/Questions:


 






Home | Contact Us | Site Map | Apply Now | Free Rate Quote

image