Marina Loans for Rural Businesses
Ready Capital can get the funding needed for marina renovation, construction, or working capital without a large down payment.
Marina Financing Options for Struggling Borrowers
Growing a marina business is challenging with financial volatility and rising operating costs. Ready Capital can offer financing to businesses other lenders reject through the United States Department of Agriculture (USDA) program.
Our government-guaranteed loans come with:
- Long terms, allowing marinas to pay off loans without limiting cash flow
- High loan amounts, so capital-intensive projects like dock repairs or dry stack storage additions can be done
- Up to 80% loan-to-value ratios, so marinas can put less down compared to conventional loans, which often require 35% or more of the loan amount upfront
USDA Marina Loans
For borrowers in rural areas, the USDA Business and Industry (B&I) loan program offers up to $25 million in loans for various purposes, from land purchases to establishing a new organization. Compared to conventional loans, these funding options require less collateral and provide higher loan amounts for a longer period.
SBA Marina Loans
SBA 7(a) loans are one of the best funding options for small marinas because they can consolidate debt and be used for working capital in a challenging financial climate. With minimal equity injection requirements, financing can be obtained without excessive rates or abbreviated loan terms.
Discover Marina Financing Options
In a 15-minute phone call, a Ready Capital expert can determine if a marina is eligible for a USDA government-guaranteed marina loan.
Why Ready Capital for Marina Loans?
Ready Capital partners with businesses nationwide if we believe they may be a good candidate for a guaranteed-government loan.
Our team makes the loan application process a positive experience by clearly explaining options, walking borrowers through their obligations, and handling the most complicated aspects. We have the resources and knowledge necessary to structure the best loan program for any marina business.
Get to Know Our Company
In a few short years, Ready Capital has made a big impact on hundreds of companies across the country. Discover what sets us apart as a lending partner.