How Do Boatyards and Marine Services Fund Equipment and Seasons?

The funding challenge for boatyards and marine services

Boatyards carry lifting and workshop equipment and a seasonal income swing, busy with fit-out and storage in the off-season and launches in spring. Money leaves the business before it comes back, and for boatyards and marine services that gap has a particular shape — around equipment, stock, seasonality or the wait for payment. Naming the shape is how you avoid borrowing the wrong way and overpaying for it.

The facility that tends to fit

The natural route here is asset finance for equipment, plus a revolving facility for seasonality. It matches the need rather than forcing a one-size loan onto a specific problem, and where a firm has both an asset to fund and a cash gap to bridge, two matched facilities usually cost less than one stretched to do both. Credicorp lends to limited companies and LLPs with no personal guarantee. Read the underlying guide before committing.

Put real numbers behind it

Size it with our seasonal cash-flow planner and the managing seasonal cash flow on Learn. A figure taken from a forecast, with repayments matched to when cash actually arrives, beats a round number every time.

How lenders view the trade

Our sector page for boatyards and marine services sets out what a lender looks at, and the general answers on whether your sector affects borrowing and how affordability is assessed give the wider picture. When ready, you can apply. General information, not an offer of finance.