Boating Industry Finance Guide

Finance Source Contact Person Address Contact Info Consumer Retail Financing Wholesale Flooring Commercial Mfg Financing Description
Bank of the West Daniel Swanson 2527 Camino Ramon
San Ramon, CA 94583

Yes Yes Yes Retail lending, floor planning only as part of a commercial banking relationship.
BB&T Recreational Lending Rick Compton 265 W. Franklin Blvd. Floor #3 Gastonia, NC 28052-4144 704-852-5541

Yes No Yes Full-service banking, indirect consumer financing, commercial loans and insurance products for marine dealers.
Blue Water Finance, Inc. Bijoy Jha 1 N Field Court Lake Forest, IL 60045 866-350-2583

Yes No Yes

Blue Water Finance, Inc. helps marine dealers sell and deliver more boats by providing retail financing programs with more than 12 national, regional, prime and subprime lenders. Using BlueNet, its proprietary loan processing and communication system, dealers remain close to every transaction.

Brunswick Acceptance Company Ed Bragg 500 West Monroe Chicago, IL 60661 866-873-8232

No Yes Yes

Brunswick Acceptance Company (BAC) is an arrangement between Brunswick Corporation and Wells Fargo Commercial Distribution Finance (CDF). BAC offers flexible financing solutions and consistent, high-quality service to the domestic Brunswick Boat Group and Mercury Marine dealer networks.

Dealer Financial Services Group Vernon Blanc 2600 McCormick Drive Ste 100 Clearwater, FL 33759 888-701-0056 ext. 14552

Yes No No

DFSG provides retail dealer direct finance and insurance options and F&I office outsourced management.

Epic Finance LLC Donnie Cole 5101 Dunlea Ct Ste. 203 Wilmington, NC 28405 620-202-1232

Yes No No Epic Finance LLC helps dealers place more loans, and specializes in subprime lending.
First Approval Source, LLC Myril Shaw 6337 Lanier Islands Parkway, Buford, GA 30518 678-866-8954

Yes No No

First Approval Source provides profit generating products and services to marine and RV dealers, which include comprehensive F&I services: compliance; customer qualification and loan sourcing for all credit tiers; contract and closing document generation and delivery; and funding tracking.

 LH-Finance Helene Baudet

6958 Aviation Boulevard, Suite A
Glen Burnie, MD 21061


 Yes Yes  Yes

LH-Finance, the marine division of United Bank (CT), offers both retail solutions to customers and wholesale financing to dealers and boat manufacturers in North America, with its experienced team dedicated to marine financing.

Maritime Finance LLC Jeff Johnson 301 SE 20th St. Fort Lauderdale, FL 33316 954-764-3010

Yes No No Maritime Finance originates quality yacht loans for a network of participating lenders.
Medallion Bank John Haymond 1100 East 6600 S, Ste. 510
Salt Lake City, UT 84121
866-688-6983 x7176

Yes No No Medallion Bank specializes in financing marine customers with previous credit challenges and past bankruptcies.
Merrick Bank Scott Anderson P.O. Box 1500 Draper, UT 84020 888-545-3888

Yes No No

Merrick Bank provides non-prime indirect retail financing with competitive rates and dealer participation. Merrick specializes in customers with past credit problems.

Newcoast Financial Services Vernon Blanc 2600 McCormick Drive Ste 100 Clearwater, FL 33759 866-639-2627 x14552

Yes No No Nationwide provider of marine and RV retail finance.
NextGear Capital Bob Bejesky 11799 North College Avenue Carmel, IN 46032 734-634-7663

No Yes Yes

NextGear Capital provides inventory finance solutions to both dealers and manufacturers in the marine industry. The Deferred Interest program allows interest to accrue on both new and used units, but dealers don’t pay interest until the inventory sells.

Northpoint Commercial Finance Russel Baqir 11675 Rainwater Drive, Ste. 450, Alpharetta, GA 30009 866-781-2420

No Yes Yes

Northpoint Commercial Finance is a diversified inventory finance lender with a strong commitment to serving the marine industry. Northpoint combines experience, innovative technology, fresh ideas and a customer focus for financing the North American distribution channel.

Priority One Financial Services Nicole Armstrong 742 Second Ave. S
St. Petersburg, FL 33701

Yes Yes No

Priority One Financial Services, Inc has been serving recreational dealers since 1987. Acquired in 2007 by Forest River, Inc., a Berkshire Hathaway company, Priority One provides multiple lenders and specialized finance packages for boat dealers’ customers. Priority One is the official endorsed F&I provider of MRAA.

Protective Asset Protection / FPC Paul Sheldon 6700 France Ave S, Suite 200 Edina, MN 55435 800-328-8690

Yes No No

New and pre-owned watercraft engine protection plans, new and pre-owned watercraft accessory protection plans, GAP coverage, F&I training and F&I technology.

Seacoast Marine Finance Lang Ryder 1800 SE 10th Ave.
Fort Lauderdale, FL 33316

Yes No No Financing from $50,000 to $20 million.
Shore Premier Finance Kenneth K. Donner

112 Corporate Drive
Elizabeth City, NC 27909

252-384-6900 x8054

Yes Yes No

Shore Premier Finance offers financing for U.S. Coast Guard documented vessels, retail, U.S. manufacturers for floorplans in the continental U.S., U.S. and DVI flagged only vessels.

Sterling Acceptance Corp. Karen Trostle 1 Melvin Ave. Annapolis, MD 21401 410-268-1545 Yes No No Boat financing, Coast Guard documentation and insurance services offered.
TCF Inventory Finance, Inc.

Neal Roller

1475 E. Woodfield Rd., Ste. 1100 Schaumburg, IL 60173 877-872-8234

No Yes Yes

TCFIF provides wholesale financing for marine dealers, distributors and manufacturers for both new and trade-in inventory. TCFIF also offers solutions beyond inventory finance, including commercial banking, equipment finance and a suite of advisory services through The Customer First Alliance.

Trident Funding Corp.  Jim Foley 1535 SE 17th St., Ste. B-207
Fort Lauderdale, FL 33316

Yes No No Yacht financing.

Vantage Recreational

Finance, Inc.

Mike Harbaugh

7301 Wiles Road Suite #106
Coral Springs, FL 33073


Yes No No

Vantage Recreational Finance (VRF) offers marine and RV dealers and their customer financial solutions for the sale/purchase of new and used units. VRF also has programs that finance docks and lifts, outboard motors and fish houses.

Wells Fargo Commercial Distribution Finance

Ed Bragg

500 West Monroe St.
Chicago, IL 60661


No Yes Yes

CDF is a leading provider of inventory and floorplan financing. Serving the marine industry for more than 50 years, CDF customers have access to COMS, its exclusive online inventory management system which also provides data, analytics, insights and thought leadership.

Wolters Kluwer Financial Services Tyler Kelly 100 S Fifth St., Ste. 700 Minneapolis, MN 55402 877-404-6788

Yes No No

Online doc prep solution with electronic credit app submission and state specific compliant loan documentation that automates F&I processes for marine, RV and powersports dealerships.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button