Back to News

Bridging Finance for Boats

Have you negotiated a spectacularly good deal for the boat that you just cannot walk away from?

And the only snag is that a part of the funds you are counting on is tied up or held up for a few weeks, the vendor does not want to wait any longer having given you the spectacular deal.

You don’t want to lose the boat!

So what are your options? What will it cost in terms of lost interest, penalty clauses, exiting long term investments? etc

Promarine Finance has come up with a solution to provide short term marine finance – Bridging Finance for Boats that is interest only.

We agree a monthly interest payment for a set term and the full amount is repaid once your funds are available. If the term needs to extend then the deal rolls forward for a set period.