Underwriting is not looking for a reason to say no. It is looking for enough evidence to say yes, and most delays are a missing document rather than a decision.
Underwriting is reading a description of this path. The clearer it is, the less there is to ask about.
Running alongside: DEPOSIT TERMS · ESCROW · MULTI-CURRENCY · SURVEY / ACCEPTANCE · WIRE · RECURRING MOORAGE.
Card acceptance for booking deposits with clear deposit and cancellation documentation, acknowledged at the time of booking rather than buried in terms nobody opened.
Use card, ACH and wire intelligently rather than forcing six-figure transactions onto a single rail. The largest transaction a marine business runs is often larger than the monthly volume its account was sized for.
Multi-currency and international payment capabilities through supporting providers, with the screening those transactions bring into scope.
Document the flow of funds clearly, because an underwriter reading a broker as a dealer will price the account wrong.
Separate smaller operating purchases from large charter settlement. They have different frequencies, different disputes and different economics.
Charter, brokerage and marina revenue rarely belong on the same rail, and the structure follows from where the big numbers sit.
The exact document list depends on the business rather than the industry, so we resolve it against what you tell us instead of sending everyone the same checklist. Sam can give you yours in about a minute.
Applying commits you to nothing and is not an approval. The acquiring bank decides placement, pricing and terms — we build the file and tell you honestly what it is likely to meet.
