Atlantic Horizon Capital has a dedicated team of Lenders with over 30 years of lending experience to guide you through the process.  Atlantic Horizon Capital’s goal is to provide you with Exceptional Service while obtaining the best rate and structure for your borrowing needs.

You can apply for a loan using our online application or you can call one of experienced lenders to walk you through the process

Absolutely!  In today’s age of technology Atlantic Horizon Capital understands that most buyers may not be available to “come in” and sign their loan documents.  We have harnessed today’s technology to make your closing experience as easy as possible. In most cases we can have you sign the closing documents in the privacy of your home and email the documents back to us.

In order to give a final approval, Lenders require that customers identify a particular boat due to loan to value considerations (Year, make, model length etc.).  In some cases, a pre-approval can be obtained based on your credit and financial statements.

Copies of Federal Tax Returns, bank statements and pay stubs are needed to show your ability to repay the loan. In addition, the Year, Make, Model & Length will also be needed. Having all this information readily available can help your loan get processed faster.

Once you have submitted an application to us and we have all of the financial documents we can usually receive an decision in 24-48 hours.

While new boats generally offer a one year warranty, purchasing an extended warranty can help you save money in the long run.  We offer a wide range of Extended Warranties through United States Warranty Corporation, a 47 year old company that is well known in the industry that has helped thousands of boat owners over the years. Whether you are looking for an extended warranty covering your whole boat or just the engines, we offer warranties that will help you sleep better knowing you are covered.

Financing your boat purchase allows you to free up cash that you would otherwise use to purchase your boat.  By financing, you can spread the payments out over years so that you are comfortable with the payments. 

Yes, your boat loan interest may be tax deductible. In order for this to occur your boat would need to be considered a second home for federal tax purposes, so it must include a galley(kitchen), head(bathroom) and at least one sleeping berth(bed). In addition, you must itemize your deductions.   We recommend you consult with your accountant or tax advisor for assistance and guidance based on your situation.

Most boat loans require a minimum of 10% to 20% down payment, but 20% is the norm.  Down payment amounts can vary on a borrower’s financial qualifications and the loan amount.  In some cases, a poor credit score can be overcome by putting more money down and showing financial liquidity.

Yes, absolutely you can.  In many cases borrowers can finance up to an additional 20% of the boats value for additional add-ons or upgrades. Each Lender has a different threshold for the maximum amount you can add to your boat loan.

Debt to income ratio is a comparison of how much you owe with how much you earn.  It gives lenders an idea of what the risk to lend you money for your boat purchase would be.  The debt-to-income ratio is calculated by adding up all of your monthly debt payments (how much you owe) and dividing it by your gross income (what you earn). That number is then multiplied by 100 to express it as a percentage. An example would be your monthly debt payments are $4000 and your gross income is $12,000.  The $4,000 divided by $12,000 equals .3333 multiplied by 100 equals 33%.  For this example your debt to income is 33%.

The lower your debt-to-income ratio the better it is for you.  A lower ratio can help you obtain better rates and better terms.   Different Loans have different criteria, but typically a Lender wants to see a debt-to-income ratio of no more than 40%-50% including your boat payment.