Welcome to Sea Loans™ - the financing program designed exclusively by boaters for boaters

Sea Loans™ is an exclusive program designed by Sea Tow®, in partnership with Russo Marine Financial Services Inc., to help you, our members, with all of your financing needs..

Whether you’re buying from a dealer, through a broker, or directly from a private seller, Sea Loans will be with you every step of the way. Plus, when you close with Sea Loans, your next Sea Tow renewal is free!

You’ll find that working with a Sea Loans representative is like adding a strong member to your personal buying team. Our staff has the most comprehensive suite of financial resources available, which enables us to tailor a loan program to fit your specific needs.

Plus, as avid boaters, every Sea Loans representative is armed with an incredible amount of knowledge about your needs as a boater, which is a real asset during negotiations, surveys and settlements.

As part of the Sea Loans program offering, all application fees will be waived for Sea Tow members regardless of whether they’re buying, selling, refinancing or refitting their boat. Additionally, when you close your loan with Sea Loans, your next Sea Tow membership renewal is free.

Do You Have the Right Loan for YOUR Specific Needs?     

All boat loans are not created equal.

Over the past several years, lenders have offered variable rate loans based on a number of different indexes. However, the topsy-turvy interest rate changes have resulted in increased monthly payments. Some loans start with a lower fixed rate for one, two or three years and then adjust to a higher fixed rate on a fixed adjustment date.

Perhaps the worst loan to have is a balloon note, which has either a fixed or variable front end rate then matures after five or seven years. That means that you must repay the balance of the loan when you hit the balloon date. If your credit has changed, or your collateral is under-valued on the balloon date, you may not be able the refinance for the full amount of the balloon.

A fixed loan, however, is surely the best to have since your payment will remain exactly the same for the full term of your loan.

If you have a variable, fixed, fixed adjustable or balloon loan, contact Sea Loans™ to discuss the remedies available to convert you to a simple, fixed rate boat loan, or request a quote today.

Why Sea Loans?

In addition to having a team of specialists to help you find the financing that fits your boating lifestyle, Sea Loans waives all application fees for Sea Tow members regardless of whether you're buying, selling, refinancing or refitting your boat. And, when you close a loan with Sea Loans, your next Sea Tow membership renewal is FREE.

Plus, as a Sea Tow member, you’ll enjoy no points, processing or placement fees, and U. S. Coast Guard documentation is free when you finance with Sea Loans (a total value of over $500).

Sea Loans customers receive:

• Waived application fees

• Free Sea Tow renewal

• No points, processing or placement fees

• Assigned loan rep. to assist you from inquiry to close

• FREE U.S. Coast Guard documentation (a $500 value!)

 Not a Sea Tow member yet? Finance with Sea Loans and your first year with Sea Tow is FREE!