Financing
Pinnacle Marine works with qualified buyers to help identify appropriate financing resources for passenger vessels and commercial marine assets. Financing options may be available for qualified purchasers depending upon the vessel type, transaction structure, and intended operation. We require the following materials to submit to a lender, they are:
- Company Brochure
- 3 years of income tax returns (personal and corporate)
- Financial statement (personal and corporate)
- Business plan including 3-year forecast
Lenders typically require a 25% down payment.
Interest rates will typically base upon the Secured Overnight Financing Rate (SOFR) – Secured Overnight Financing Rate Data – FEDERAL RESERVE BANK of NEW YORK
Resources
- Americans with Disabilities Act
- Canadian Ferry Association
- Caterpillar
- Capital Construction Fund
- Code of Federal Regulations (CFR)
- Construction Reserve Fund
- Cummins Marine
- John Deere Diesel Engines
- National Association of Marine Surveyors, Inc. (NAMS)
- Passenger Vessel Association (PVA)
- Passenger Vessel Foundation
- PVA Pitted Plate Assessment Tool
- Rolls-Royce (MTU)
- Society of Accredited Marine Surveyors, Inc. (SAMS)
- Transport Canada Acts and Regulations
- Transport Canada Marine Safety
- US Army Corp of Engineers – Navigation Information Connection
- USCG T-Boat Inspection Booklet
- USCG K-Boat Inspection Booklet
- USCG Hull Inspection Book
- USCG Safety Management System (SMS) Manual
- USCG Streamlined Inspection Program (SIP)
- USCG PVA Quality Partnership
- Small Passenger Vessel Inspection
- FCC Ship Radio Stations Licensing
- ZF Marine
Mortgage Calculator
SELL Your VESSEL
Interested in selling your vessel? We can help. Pinnacle Marine offers the experience, resources, and knowledge to help you with selling your vessel. Just send us your boat information through our online form.
Insurance Application
Insurance, we can help with that too, please fill out the application form here.