Fishing boat 350K wants 30-50K
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  1. #1
    Senior Member Reputation points: 12878
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    Fishing boat 350K wants 30-50K

    Hi everyone, looking for a program that can use a fishing boat worth about 350K owes about 50K, client is looking for 30-50K to purchase another smaller boat. Merchant takes people deep sea fishing during summer months and having another vessel will help bolster his income. Problems I have been running are 1 its a boat and apparently no one like those and the merchant has a dismissed BK about 6-8 months ago. Does not have a strong and consistent enough income for an advance or term loan so the deal basically needs to be exclusively based on the boat. PM me if you need any other details, thanks again

  2. #2
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    you could try pledge cap or Borro. good luck...
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

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  3. #3
    Member Reputation points: 349
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    Jan 2015
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    As if a sale-leaseback on a boat isn't hard enough, your boat owner has a recent BK. If the boat is in CA, I might be able to get your captain his money but it ant going to be cheap

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