[BSCI 504]

I need help with an equipment loan for a cruise ship in New Orleans. The business is operational. Needs capital to handle business expense. He owns the ship free and clear and needs 6MM. An lease back if possible or an asset based loan on the ship itself. The cash value is 22M if someone can help send me an email at support@launchpadbizdev.com

[Yankeeman07]

I need help with an equipment loan for a cruise ship in New Orleans. The business is operational. Needs capital to handle business expense. He owns the ship free and clear and needs 6MM. An lease back if possible or an asset based loan on the ship itself. The cash value is 22M if someone can help send me an email at support@launchpadbizdev.com

Please clarify - you need an equipment loan and capital for operations?

[ryan $]

He Clearly Said, Leaseback.
Ship is Owned.

I understood.

[nrh1lp]

I need help with an equipment loan for a cruise ship in New Orleans. The business is operational. Needs capital to handle business expense. He owns the ship free and clear and needs 6MM. An lease back if possible or an asset based loan on the ship itself. The cash value is 22M if someone can help send me an email at support@launchpadbizdev.com

I think Borro does ships when they are +$1MM & owned outright. I might be thinking about another company though, it has been a while since I have had a ship deal come through

[Jstarr]

this isnt the cloud 11 shis is it ? they approached me about lending them money - problem is there are different laws when it comes to maritime and most ships are not US flagged and the other problem is " THEY CAN FLOAT AWAY ".... Good luck.

[BSCI 504]

No Jerry it's not the cloud !! ship. This one is in Louisiana and is owned by a client of mine who is looking to cash out the boat to start a new operation. He said his NOI is 8.3 yearly...The ship is worth 19.3M