Ship Financing

From tugboats to construction financing, we know the commercial vessel business and its challenges today.

Through veteran marine expertise, renowned industry leadership and a stable of trusted resources, our course is steady.

 

Construction financing specialists

We understand that shipbuilding takes time. It also requires effective collaboration, as well as strong relationships with shipyards and capital providers alike. With client commitment at the helm of our principals, WBC is known for its time-tested relationships and sustainable capital solutions. Together, we can help keep your project on schedule with fluid cash flow and flexible terms. Examples include:
  • Fixed and floating rates (typically interest-only through vessel construction period)
  • Advance rates during construction period (up to 90%)
  • Market-based terms and amortizations upon vessel completion
  • Flexible interest-only structures

Marine assets we finance



Workboats

Dredges
Barges (tank and hopper)
Tugs
Towboats
 


Transportation

Select passenger marine
Containers
Port and shipyard equipment
 


Shipbuilding

Construction finance
Vessel repairs and maintenance
 


Offshore wind vessels

Crew transfer vessels (CTVs)
Service operation vessels (SOVs)
Wind turbine installation vessels (WTIVs)
 
 

Workboat Financing

For Qualified Businesses

  
 

      • Low Down Payment

  
 

      • Fixed or floating Interest rates available

  
 

      • Loan Amounts up to $15,000,000

  
 

      • Choice of Fully Amortizing or Balloon payments

  
 

      • Interest Rates are Credit Driven

  
 

      • Amortization up to 20 Years

  
 

      • No pre-payment Penalties for loans with terms under 15 years

  
     
 

Commercial

You can apply for commercial financing from your office computer or your mobile device faster than you might imagine. Immediately after you submit your application, our internal systems go to work. An approval decision will be provided right away, and our underwriting process is quick. In short, we do everything to facilitate your transaction quickly, and without any interruption.
Whether you are financing one or more engines for your new boat or re-powering an existing vessel, you need a lending resource that can provide you with the custom-tailored commercial financing solution you need. You need Workboat Capital.
  
     
 

Government

We guide municipalities, military, law enforcement, states, federal and other publicly funded entities through complicated regulations, procedures and issues such as appropriation, non-appropriation, essential use, bid bonds and special filings, plus enforceability risks. And we make lease financing for your equipment investments simple.
Workboat Capital has the equipment knowledge, the strength of multiple funding resources and the lease financing expertise and leadership to deliver the equipment financing solutions public service professionals need to respond to the changing conditions in the public service marketplace. You need Workboat Capital.
  
     
 

Working Capital for Your Dealership or Shipyard

Working Capital can help you take advantage of opportunities or help you through a rough period
Expand your facility.
  • Finance the purchase of a competitor or expand into a new territory
  • Supplement your Floor Plan to cover Peak Season Demand
  • Real estate acquisition
Workboat Capital has the equipment knowledge, the strength of multiple funding resources and the lease financing expertise and leadership to deliver the equipment financing solutions you need.