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Commercial Boat Loans | Business Finance
We provide specialist marine lending services to assist all types enterprises to acquire watercraft and vessels for their operations with affordable funding. A comprehensive broker service for tourism operators, fishing companies, yacht charters, jet ski hire, houseboat rentals, and hospitality function cruises, research and rescue and companies operating tugs, dredges and other working vessels in ports, harbours and waterways across Australia.
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Secure Competitive Financing
Compare Interest Rates for Commercial Boat Loans
Work vessels, whether for hire or to provide services, need to deliver a return to operators. To achieve expected ROI, funding for the craft must be cost-effective and that starts with the interest rate. We have the proven capabilities to achieve lower rates through our large lender base and our leverage within the commercial lending market. Our current lower rates can be used as a guide for initial planning purposes and a specific quote can be obtained by contacting us.
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Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 16/02/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 16/02/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Get Quick Loan Estimates for Your Vessel
How to Get Commercial Boat Loan Estimates
Planning the acquisition of a new vessel can take a considerable time and much consideration of the type of craft and the different makes and models on the market. To assist with the budgeting side of the planning, buyers can use our online calculator to obtain estimates of repayments. To assist further, we do provide pre-approved funding to provide confidence and assurance to proceed with the purchase.
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Access Competitive Financing Solutions
Get Expert Marine Funding Specialists for Workable Commercial Boat Loans
Using our expert marine funding services provides operators with access to our highly skilled brokers and to our extensive lender base. We have extensive experience and expertise in sourcing workable funding for the marine industry and the enthusiasm to assist new and well-established operators achieve their objectives.
We have accreditations with over 80 lenders which includes those that specialise in marine lending. It is this deep understanding of the needs of the sector, both from our brokers and our lenders, that can provide flexible solutions for our clients. Our brokers handle the sourcing and negotiating on behalf of clients, structuring the vessel funding package to specifically target client objectives.
Negotiating terms that will provide a repayment schedule that works with cash flow. Negotiating on interest rates to minimise the total investment cost. Negotiating on funding conditions to ensure they do not constrain clients from growing their operation. We stay current with ATO rulings in regard to asset acquisitions, so we are always well-placed to provide tax optimised solutions.
An Australian company, we provide services to marine enterprises in all states and territories. Whether it be west coast and top end fishing adventures, Queensland yacht hire and tourism ventures, Sydney Harbour working vessels, houseboat hire on the Murray, Tasmanian aquaculture producers or ocean researchers and trawler owners from South Australia.
- Extensive experience in marine finance and commercial boat loans.
- Australian company servicing all states and territories.
- 80+ lenders including marine finance specialists.
- Fully credit provider licensed, Member FBAA
Flexible Commercial Boat Financing
Types of Commercial Boat Loans to Suit All Venture Objectives
We provide operators with the complete selection of asset acquisition credit products. These products vary in interest rate, treatment of GST and tax deductions, the approach to the balance sheet and compatibility with accounting methods. We recommend that clients discuss the choice with their accountant.
Once briefed on client objectives, the vessel being acquired and with financials, our brokers source and structure offers to specifically meet those requirements. All asset acquisition funding is available with the interest rate fixed for the full term, fixed terms up to 7 years, fixed monthly payments and balloon options.
The selection of credit products can be used for all types of watercraft and vessels including trawlers, cruisers, yachts, tinnies, houseboats, RIBS, jet skis, runabouts and dive boats.
- Chattel Mortgage Commercial Boat Finance
- Commercial Boat Leasing
- Rent-to-Own Loans for Commercial Boats
- Commercial Hire Purchase for Commercial Boats
- New and Used Commercial Boat Loans
Customised Loan Solutions
Commercial Boat Loan Solutions for All Operators, All Ventures
As specialists in financing enterprises, we provide options for operators of different sizes and at different stages of their operational period. That includes sole traders, ABN holders, SMEs and new start-up ventures that do not have all the financials to meet lender approval criteria.
- ABN Commercial Boat Loans
- Low Docs No Doc Commercial Boat Loans
- Small Business Commercial Boat Finance
- Commercial fishing boat loans for seafood and aquaculture producers.
- Finance for commercial boats for tourism operations offering reef tours, whale watching cruises and waterway adventures.
- Marine finance for yacht, jetski and tinnie hire and charter companies.
- Finance for houseboat rental operators.
- Financing hospitality function and party vessels.
- Commercial boat loans for ocean research and sea rescue vessels
Fast Track Your Finance with Quick Approvals
Get Fast Commercial Boat Finance Approval
If you want those new vessels operating as soon as possible, we can get applications approved in around 24 hours for many applicants.
FAQs
Commercial Boat Financing
Vessels acquired as assets for an enterprise can be financed with a choice of Leasing, Chattel Mortgage, Commercial Hire Purchase or Rent-to-Own.
Interest rates are different for the different credit products. The rate offered by a lender will be based on their assessment of the application. The rates shown by banks and lenders tend to be for applications with a good credit rating and for new vessels.
Sole traders are eligible to apply for commercial loans. Approval is subject to meeting the lender criteria. Where a sole trader has turnover below the threshold of the operation or where the sole trader does not have full documentation, they may seek lenders that do offer sole trader and low doc options.
Organisations can select the credit product that best suits their corporate set-up and approach to taxation, balance sheet and accounting methods. The products are Leasing, Chattel Mortgage, Commercial Hire Purchase and Rent-to-Own.
The treatment of tax varies with the selection of credit products. Leasing and Rent-to-Own have tax deductible repayments. Chattel Mortgage and CHP have a structure whereby the assets are depreciated and the value of the annual depreciation is a tax deduction.
Yes. The same credit products can be used to purchase new and used vessels. The interest rate and some conditions may be different for used compared with new purchases. Lenders assess rge age and condition of vessels when preparing offers.
Yes. All types of watercraft can be financed with marine credit facilities. That includes jet skis and other brands of PWCs.
Where a vessel and the trailer are purchased concurrently from the same supplier, there are lenders that will include both acquisitions in the one funding package.
The standard business credit application criteria includes minimum trading periods and to provide financials on the operation. Where new ventures do not have those financials, they may consider sourcing lenders and brokers that offer Low Doc and No Doc credit options.
Lenders will typically accept the vessel being purchased as the security for the funding. This is subject to approval of the application. Where a lender assesses an application at a higher risk, additional collateral by way of property or other assets may be requested.
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Trusted by 60+ lenders Australia-wide
Trusted by 60+ lenders Australia-wide
