Maine Boat Loans | Commercial Boat Loans | Machias Savings Bank

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Boat Loans

Boat Loans

Get a boat loan that truly turns the tide.

Make it work

There are some business goals that can’t be reached from shore. If you see a new opportunity on a far horizon, Machias Savings Bank has boat loans for purchases and for new construction. We also refinance boat loans to help you weigh anchor and get underway.

Make it easy

While financing a new boat feels risky to some lenders, we can’t wait to put our friends and neighbors in stronger, more seaworthy vessels. Whether you need a cruising vessel or a commercial fishing boat loan, your personal banker can get you on the water faster.

  •  Our commercial boat loans can be used for purchasing, refinancing, or building a boat
  • We can let you access equity from your Maine boat loan to cover expenses or seed a new voyage through a commercial line of credit.
  • We offer competitive commercial boat loan interest rates and terms (10 years on new boats and 7 years on used boats)
  • We may be able to take your existing boat as a down payment for a new boat or new boat construction
  • We can make it possible for you to make annual payments or stagger payments on your Maine boat loan to accommodate your slow season.
  • We let you pay off your Maine commercial boat loan early with no penalties

After 150 years, Machias Savings Bank is still the best way to finance a boat or refinance your boat loan while keeping your business afloat.

When you work the water, it can sometimes feel like the currents are against you. Your business banker is always right beside you and together, we will sail on through.
We ready to help move you and your fishing business forward.

Should we be part of your story?
Business Banking that Moves Maine Forward.

Contact a Business Banker

Location: Machias edit my branch location button

4 Center Street
PO Box 318
Machias, ME 04654

(207) 255-3347
Fax: (207) 255-9439

Lobby
Mon - Fri 8:00 am - 5:00 pm

 

Miranda Smith
Manager | NMLS#1774170

 

Learn more

OUR FOCUS

As a customer of Machias Savings Bank, the focus is on you. We will enhance your banking relationship by working with you to discover your banking needs. We will be there when you need us.

 

© Machias Savings Bank. All rights reserved.

Member FDIC. Equal Housing Lender logo Equal Housing Lender.
Routing Number: 211274531
Wire Instructions for Customers
NMLS Number: 469539

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