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It's Time to Get Ready for Boating Season

Article details provided by Chrystal Petersen, AVP, Marine Finance Specialist

Chrystal Petersen

Boat shows, and dealership open houses are in full swing.

That means it's time to start thinking about your options for purchasing a boat so you can be out on the water!

"Any time is a good time to start looking for a boat," said Chrystal Petersen, AVP, Marine Finance Specialist.

Chrystal has spent 12 years of her two-decade banking career working in boat lending and shared her tips for applying for a marine loan from Croghan.

The process begins with a phone or in-person consultation to discuss the specifics of the vessel and potential loan opportunities.

Boat LendingHere's some information you'll need to provide:

  • Purchase agreement with the make and model of the vessel
  • Cost of the vessel and how much you'll put down
  • Recent pay stubs
  • Tax returns from the last two years

Chrystal said working with Croghan to finance a marine purchase provides each customer with personalized service and easy access to essential information.

"We look at potential boat owners a little differently, making loan decisions based on individual characteristics and unique circumstances." Said Chrystal

She will work with you from application to closing and handle all the paperwork in between.

Interest rates vary depending on your vessel's age, credit score, and amount financed. We offer marine loans starting at $2,500 with fixed interest rates and flexible lending periods based on your boat's model.

Contact Chrystal to get started.

*All loans are subject to credit approval.
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