Boat & Yacht Loans
Financing for new and used boats and yachts bought from a dealer, broker, or private seller anywhere in the 48 contiguous states.
Apply for a boat loan Specialty marine lender since 1993
Boat Loans & Yacht Financing from $25K to $25M
Competitive fixed rates, terms up to 20 years, and a loan specialist who handles every step from application to closing. New, used, private-party, and refinance loans across the 48 contiguous states.
Prefer to talk? Call a loan specialist at 407-862-2225, Monday to Friday, 9 AM to 5 PM ET.
- $25K – $25M
- Loan amounts for boats, yachts, and superyachts
- Up to 20 yrs
- Fixed-rate terms for lower monthly payments
- 24–48 hrs
- Typical credit decision on a complete application
- Since 1993
- Serving boat buyers, dealers, and brokers nationwide
Why Excel Credit
Financing built for boat and yacht buyers
Excel Credit is a specialty finance company focused on boat loans and yacht financing. We have been helping buyers finance new and used vessels since 1993, and we have been a member of the National Marine Lenders Association since 1994.
Our founder, Tom Bell, spent years as a finance director for major boat dealerships before starting Excel Credit. That experience shapes how we work today. You get direct access to experienced loan officers, clear answers, and a team that manages the paperwork so your purchase closes on time.
- Fixed-rate loans up to 20 years
- Dealer, broker, and private-party sales
- Pre-approvals valid 45 to 90 days
- Most loans close in 5–7 business days
- Secure 256-bit encrypted application
- Closing and documentation services
30+ yearsof recreational and marine lending experience
Financing Programs
Financing for boats, yachts, and more
From a first fishing boat to a superyacht, plus exotic cars, aircraft, and RVs, we match you with the right program and terms.
Superyacht Financing
Large-vessel lending for U.S. and international buyers across North, Central, and South America, with attorney-managed closings.
Explore superyacht financing
Montana LLC Financing
Finance a boat or yacht owned through a properly structured Montana LLC, which may reduce the sales tax on your purchase.
Learn about Montana LLC loans
Exotic & Collector Cars
Specialty financing for high-line, exotic, and collector automobiles with the same personal service our boat clients rely on.
Finance an exotic car
Aircraft Financing
Financing for private and business aircraft through our sister program, with long terms and competitive rates.
Explore aircraft loans
RV & Motorhome Financing
RV and motorhome loans through our sister program, with long terms and competitive rates for lower monthly payments.
Explore RV financing
How It Works
From application to the water in four steps
A simple, guided process with one loan officer as your point of contact the whole way.
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Apply securely
Complete our 256-bit encrypted online application in minutes, or print the application and send it to us.
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Get your decision
A loan officer reviews your file and calls you with a credit decision, typically within 24 to 48 hours.
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Submit documents
Upload your documents through our secure portal. We coordinate title, registration, and Coast Guard documentation.
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Close and fund
We manage settlement and pay the seller directly. Most loans close within five to seven business days.
The Excel Credit Difference
A full-service lender, not just a rate
We handle the details that slow most boat purchases down, so you can focus on the boat.
Competitive rates
Personalized rate quotes based on your credit profile, vessel, and term.
Personal service
Work directly with an experienced loan officer from start to finish.
Closing handled
Settlement, title, registration, and USCG documentation in one place.
Confidential and secure
Encrypted applications and secure document uploads protect your data.
Client Reviews
Trusted by boat buyers and brokers
Decades of repeat clients and referrals from the people who know the marine industry best.
“Everyone at Excel Credit was very professional, personable, and paid close attention to every detail! Can’t say enough about the level of service my wife and I have received!”
“Mr. Bell was a great person to work with. His attention to detail and foresight made us very proactive instead of reactive to all situations that were arising in the transaction. I would highly recommend Mr. Bell or Excel Credit.”
“I can’t express enough what a pleasure it is to do business with Tom Bell of Excel Credit and his staff on every level. They truly add to the enjoyment of buying a boat.”
“You guys were absolutely awesome to work with. Thank you again and I look forward to using your services in the future.”
“These people were the best to deal with. Made it very easy. Very knowledgeable on their product. Very responsive on any questions I had. I would definitely use them again.”
“What peace of mind! My husband and I are from Canada and were limited in our travels. The Excel Credit team made the purchase so simple. Purchased out of state and now on our lot in Florida.”
Buyer Resources
Tools to plan your purchase
Estimate payments, check values, and prepare the paperwork before you make an offer.
Payment CalculatorEstimate your monthly boat loan payment.
Boat Loan RatesSee how rates and terms are set.
BUC & NADA ValuesResearch a boat’s market value.
Marine Survey GuideWhat a survey covers and why lenders need one.
USCG DocumentationFederal vessel documentation explained.
Closing ServicesHow settlement protects buyer and seller.
Purchase AgreementDownload our boat purchase agreement form.
Upload DocumentsSend loan documents through our secure portal.
Boat Loan FAQ
Frequently asked questions
Straight answers about boat and yacht financing with Excel Credit.
How much can I borrow with an Excel Credit boat loan?
Excel Credit finances boats and yachts from $25,001 (the amount financed after your down payment) up to $25 million. Loans of $3.5 million and above are handled through our dedicated superyacht financing program.
What down payment is required for a boat loan?
Most boat loans require a minimum down payment of 10%. The requirement can be higher depending on the purchase price, the age of the vessel, and its appraised value. Montana LLC purchases start at $150,000 with as little as 20% down.
How long are the loan terms?
We offer fixed-rate boat and yacht loans with terms of up to 20 years for qualified purchases. Longer terms keep your monthly payment lower. Variable-rate options are also available for refinancing.
How fast can I get approved and close?
Credit decisions are typically made within 24 to 48 hours of receiving a complete application. Once your documents are in, most loans close within five to seven business days.
Do you offer boat loan pre-approval?
Yes. Pre-approvals are valid for 45 to 90 days, set case by case, and the rate commitment is valid for 30 days. We will ask for details on a boat you are considering, and you are free to choose a different vessel within the pre-approval period.
Can I finance a used boat or buy from a private seller?
Yes. We finance new and used boats purchased from dealers, brokers, and private parties. For pre-owned vessels, the lender will typically require a marine survey to confirm condition and value before final approval.
Can I refinance my current boat loan?
Yes. If your boat is worth at least what you still owe, we can refinance up to 100% of your remaining balance. We will compare your current rate and payment with our programs to see how much you could save.
Where does Excel Credit lend?
Our boat and yacht loans are available nationwide across the 48 contiguous United States. Our superyacht program also serves borrowers in Canada, Central America, and South America, including non-U.S. citizens.
What services are included beyond the loan?
Excel Credit provides a complete loan service, including purchase agreement forms, settlement and closing services, title and registration, U.S. Coast Guard documentation, and insurance referrals.
Ready to finance your boat?
Apply online in minutes or call 407-862-2225 to speak with a loan specialist.
All loans are subject to credit approval. Rates, terms, down payment, and fees vary based on credit profile, loan amount, vessel age, and vessel value. Program details are subject to change without notice. Boat and yacht loans are available in the 48 contiguous United States.
