So I've talked to CIBC, RBC, and ScotiaBank multiple times. It's hard to get a straight answer but from what I've gathered from supervisors is:
CIBC will not finance a boat
that is older than 10 years. I didn't even get to the point of asking if they'd finance south of the border.
ScotiaBank will not finance a boat that will remain outside of Canadian waters.
RBC USD lending will not use a boat as security
and therefore would only consider a LOC with atrocious rates.
We have A1 credit, no personal debt, and have significant assets in multiple businesses. You'd think this would be easier.
Has anyone had any luck with other institutions or does anyone have other ideas?