Show 2013. Over 100 UK-based boat brokers have signed up to their broker network
and more than ten short-term loans worth over £200,000 have been written, with
broker commissions averaging £150 per month for the life of each loan.
Mike Pearsall, a UK boat broker at Direct Boat Sales Ltd said: “Lendy Marine were
incredibly fast and efficient. My customer had the opportunity to buy a new-build
narrowboat from someone else’s cancelled order, with a significant discount if they
could buy quickly. They put up two of their current narrowboats as security and
received the funding from Lendy Marine within a few days. The cost of the loan was
significantly less than the discount on their new boat and the customer is very happy
and planning further deals with Lendy Marine.”
Lendy Marine has seen customers borrowing money against their boat for a raft of
different reasons including paying school fees, tax bills, new business opportunities,
or as a bridging loan between buying a new boat and selling their existing one.
Tim Gordon, a founding director of Lendy Marine said: "We are the only provider of
short-term, fast cash in the marine market. Whatever the purpose of the loan, if you
currently have a boat in the UK, we will lend to you quickly, with no credit checks and
with nothing to pay for six months.
“Our primary focus over the next few months is to increase the public’s awareness
that a product like ours exists in today’s marine industry, and to continue to grow our
UK broker network.”
Liam Brooke, a founding director of Lendy Marine said: "Narrowboats, powerboats,
sailing yachts and commercial vessels are all fantastic security for a Lendy Marine
asset loan. We are trying to create a source of liquidity for the marine industry which
has been sadly missing for a long time.”
For more information visit www.lendymarine.com, and for all enquiries please call
08454 591 591 or email us at email@example.com.