Marinas

Whether you’re a marina owner seeking to acquire a new facility, renovate an existing one or improve your cash flow, you need a lender who can understand your business plan and help you achieve your goals.

At World Capital Bancorp, we understand marina financing and its unique revenue streams and debt requirements. We have dedicated Analysts with a deep understanding of the marina industry. Our financing products include:

Acquisition Loans
When you find that perfect marina to purchase, the opportunity may not last long. Our streamlined lending process allows us to get your loan approved quickly, while at the same time create a customized solution for your needs.

Refinancing
In a leveraged business like marinas, smart financing can be a competitive advantage. In a low interest rate environment, refinancing can be an excellent strategy to improve cash flow or take cash out for improvements.

Capital Improvement Loans
Improvements that enhance your marina’s appeal — such as a restaurant expansion or Internet access — are typically profitable investments that create incremental revenue and can quickly offset the initial cost. Other improvements — such as upgrading your infrastructure or IT network — can reduce your operating costs through enhanced productivity.

Loan Types
Acquisition loans, refinancing and capital improvement loans.

Loan Amounts
$5 million and up, based on the cash flow performance of your business. Generally, acquisitions call for a cash equity investment of 30 percent or more. Greater flexibility is available for refinancing.

Loan Terms and Amortization
5 to 7 years. Balances amortized over 15 to 25 years.

Interest Rates
Floating and fixed options are available.

Earn-out Loans
Structured as an initial amount at closing, plus an "earn-out" of one or more future advances, based on facility performance or other criteria

Guarantees
May or may not be required. If required initially, it can be eliminated based on performance.