Our Current Rates as of September 23, 2008
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NO APPLICATION FEE
Great Rates!!

New and Used Vessels
Simple Interest, No Points
No Prepayment Penalty
Minimum Loan $35,000
No loans in Alaska or Hawaii.

All Loans Require a 20% Down Payment

Amount Term Rate Payment/$1,000
Documented
$200,000 and Over		 Fixed for Full Term
20 Years		 6.99% 7.75
Documented
$50,000 - $199,999		 Fixed for Full Term
15 and 20 Years		 7.65% 9.36
Non-documented
$35,000 - $99,999		 15 Years 7.95% 9.53
Rates and terms on refinance based on credit and vessel.