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Old 19-08-2019, 20:13   #1
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Sailboat loan companies? United States.

Does anyone have any input on sailboat loans? I have great credit and looking for around 100000 dollars. Iím located on Maui and have a steady captain job. 40 years old single no kids no debt. I have 15000 for whatever reason. Iíve googled sailboat loans but would like a heads up on what to expect before I talk to lenders. I am interested in hearing about certain companies in particular you have used. I appreciate any feedback and help. Mahalo.
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Old 20-08-2019, 08:05   #2
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Re: Sailboat loan companies? United States.

Do not tell them if you plan to liveaboard.

Likely you'll need non-mobile collateral like real property.

See what you could raise on a completely unsecured personal basis first as a starting point.
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Old 22-08-2019, 17:21   #3
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Re: Sailboat loan companies? United States.

Essex Credit are reliable from my research.

Check with your local credit union, too.
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Old 22-08-2019, 21:41   #4
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Re: Sailboat loan companies? United States.

I started with tow boat us. The boat has to be a 1990 or newer. They also donít deal with Hawaii. They gave me info on a company in California. Trident funding. Iíll start from there tomorrow. Iím finally off work tomorrow. The time change is difficult. Iíll update this thread as I go through this process. Iíve always paid cash for most of my boats and used personal loans I paid off quickly. Iím looking in the 100 thousand range this time.
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Old 22-08-2019, 21:57   #5
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Re: Sailboat loan companies? United States.

Trident Funding is a good source. Also, if Key Bank is in Hawaii - they are good at making boat loans. You may want to try local credit unions. They usually have boat programs.
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Old 22-08-2019, 23:55   #6
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Re: Sailboat loan companies? United States.

None of the credit unions do boat loans here. I believe if I was ex military, there was one that could help. I just remember going to every credit union on Maui and they all said no boat loans.
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Old 23-08-2019, 00:00   #7
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Re: Sailboat loan companies? United States.

Doesnít look like there are any key banks in Hawaii
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