Gulfstream Marine Finance, Inc.
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6462 34th Place, Vero Beach, FL 32966, (877) 535-8516

Frequently Asked Questions (FAQs)

If you have any questions after reviewing this information please contact one of our representatives toll-free at 1-877-535-8516 or through our web site.

How long does it take to complete a boat loan through Gulfstream Marine Finance?
Most applicants are approved within 24-48 hours after we receive the completed application and all accompanying paperwork.

What other paperwork do I need in addition to the application?
All applicants will need to submit their past two years 1040 personal tax returns with all schedules including S-Corps or K-1's. For most loans under $50,000 the last two years W-2's with recent pay stubs will be sufficient. If you own a corporation or are part of a partnership, you will need to submit the past two years corporate or partnership returns with all schedules in addition to your personal returns.

Does Gulfstream Marine Finance charge any application or closing fees?
No, we do not charge an application fee. Depending on your location and the type of boat there may be charges for state titling or USCG Documentation, survey fees, and marine insurance.

What amount of down payment will I be required to put down on the boat?
Down payment amounts will vary from 15%-30% depending on the amount of money you are borrowing and the term of the loan. Please call one of our representatives for specific information toll-free at 1-877-535-8516 or contact us through our web site.

Is this loan simple interest and are there any prepayment penalties?
Yes, all of our loans are "simple interest". There is NO prepayment penalty for paying off your fixed rate loan early, however there may be a prepayment penalty for the variable rate loans. Please contact one of our representatives for more information.

How do I apply?
It's easy! You can apply online or we will be happy to fax or mail you our application/financial statement forms. Simply complete the form and return it to us with two years of income verification in the form of your most current 1040's and any supporting schedules. Most credit decisions can be made in as little as 24-48 hours.

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