COMMERCIAL FISHING FINANCING
Commercial fishing in the U.S. is a multi-billion dollar industry, and your business contributes to that success. But the fishing business is competitive, and a lack of funds can affect your ability to stay ahead. After all, keeping your company growing and afloat during slow seasons requires capital. Let’s look at reasons you might turn to Norita Money Consultants Group for some top financing options for your business.
Financing Your Commercial Fishing Business for Success
Here are just a few examples of times when the right commercial fishing loan could meet the needs of your fishing and boating business.
Upgrade Machinery and Equipment
Commercial fishing is one of the most dangerous jobs in the U.S.; don’t let a machine malfunction put you at greater risk. Whether you need to repair or replace an expensive engine or motor, get the financing you need to operate. Invest in your fishing company and buy the parts your boat needs to run.
Update Your Fishing Boat
Is the latest sea craft calling your name? If so, financing can help you fund the purchase or lease of the type of boat your business needs, whether it’s a 35-foot commercial fishing catamaran or a 130-foot crabbing vessel.
Get a Boost in Working Capital
Working capital is money you need for everyday expenses, and it can be tough to come by in your cyclical business. If you’re waiting for invoices to be paid or didn’t bring in the catch you’d anticipated, get short-term funding to bridge the gap. Use a working capital loan to:
- Manage boat maintenance expenses
- Cover lease costs
- Pay utility bills
- Stock up on supplies
- Pay workers
- Fund emergency expenses
Expand Your Business
Maybe business is booming and you’re considering bringing on additional staff, relocating your headquarters or expanding your operations to another area. A commercial fishing loan could offer the amount of financing you need to ramp up your efforts.
How to Get Commercial Fishing Financing
After your submission has been processed, our Business Consultant will reach out with the status and timeframe for approval.
Receive Your Commercial Fishing Loan Funding
Upon approval and your acceptance of the offer, funds are deposited directly into your bank account so you can use the money immediately.