Boaters Forum

Commercial boat loan

Discussion about registration, regulations, and fees for commercial vessels.
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?
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.
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