frequently asked questions
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$25,000.00 - $49,999.00: 7.99% (up to 15-year term)
$50,000.00 - $74,999.00: 6.99% (up to 20-year term)
$75,000.00 - $99,999.00: 6.74% (up to 20-year term)
$100,000.00 - $250,000.00: 6.49% (up to 20-year term)
$250,000.00- $1,000,000: 6.24% (up to 20-year term)
$1,000,000.00 - $25,000,000.00: Contact Taylor for pricing and details
Rates change over time and will vary depending on credit score, credit history, and the loan compared to the value of the vessel.
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$25,000.00-$100,000.00: 10% down
$100,000.00-$250,000.00: 15% down payments
Over $250,000.00: 20% down payments
Term lengths of the loan will vary depending on the age of the vessel
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Hulls need to be 20 years of age or newer
Hulls over 20 years of age are considered on a case-by-case basis
Terms and rates will vary
Generally need proof of income on loan requests over $200,000.00
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Taylor works with banks that do offer financing up to $250,000 for applicants with no proof of income (no-doc loan). The rate is currently 6.74% and a 15% down payment (up to 20-year term) is required.
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Application and personal financial statement
If you have your own personal financial statement, you do not have to complete ours
Proof of liquid assets with current statements (no screenshots will be accepted)
Copy of driver’s license
2023 and 2024 personal tax returns in their entirety
2023 and 2024 business tax returns in their entirety
2025 year-end income
Profit and Loss Statement (P&L)
Balance sheet
Pay stub (if applicable)
Purchase Sale Agreement/Listing (if available)
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We specialize in offering tailored installment payments for semi-custom boat builders who require draws throughout their build.
We currently work with several manufacturers, customizing options for various builders and their clientele.