Frequently Asked Questions

How is my private information handled, is it secure? At Secured Marine Transactions, we pride ourselves on our customer’s privacy and the security of their confidential information. We use industry standard best practices, used by all major financial institutions, in order to safeguard your information. All of the information that you enter is passed directly to our secure servers via 128-bit SSL encryption. This means that none of your data is ever readable in transmission. Our servers are hosted in a top-notch facility, which provides both software and hardware security measures as well as restricted access to all sensitive areas. What does all this mean? Peace of mind, knowing that only those professionals who will be reviewing and approving your loan will be able to see what you submit. How do I apply for a boat loan with SMT? Complete our secure online application. A representative will be in touch within one business day. Please keep in mind, additional information may be requested in order to secure an approval based on the loan request. Once approved, you will be notified of the approval in detail and a closing will be scheduled. For your convenience, loan documents can be sent directly to you for signature in the presence of a Notary Public. How is my rate and down payment determined? While we do have special programs providing 100% financing, the standard down payment is 10-20%. Factors that determine interest rate and down payment are the loan amount, the current value of the vessel, and the strength of the individual application. What type of boat loan can SMT provide? SMT is able to finance Broker/ Private Party Purchases starting at $10,000 and Refinances starting at $25,000. We are able to provide loans in the name of Trusts, Corporations, and we are able to finance an Offshore Delivery (special conditions apply). SMT is able to finance boats for Limited Charter use. We are unable to provide Commercial loans. Can you finance any boat? SMT is able to provide financing for boats that are 1970 or newer. We do work with a number of lenders who will consider the “Custom” vessel - detailed specifications will be required at the time of application. We also have lenders to consider the high performance boat, multi hull, aluminum hull, and houseboats.

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