Denison specializes in boat loans and yacht financing for U.S. Coast Guard documented and foreign-registered vessels, allowing boat buyers to get pre-qualified for marine financing before starting the buying process.
CREDIT APPLICATION This form should be completed by the applicant and the co-applicant and signed by both at the bottom.
PROOF OF INCOME Acceptable forms of proof are recent pay stub or W-2 form for each applicant.
PERSONAL FINANCIAL STATEMENT Dollar amounts listed in cash, in banks and marketable securities columns will need supporting account statements. For loans under $500,000 – the financial statement on the credit application will do. For loans over $500,000 – please fill out the full Personal Financial Statement.
2 YEARS PERSONAL TAX RETURNS We will need the most recent 2 years, all forms and schedules including K-1’s and S Corporations. If you are under extension, provide extension form also.
2 YEARS BUSINESS TAX RETURNS (self-employed only) If you are self-employed, we will need the most recent 2 years, forms and schedules.
BUSINESS INTERIM STATEMENTS (self-employed only) Please provide a current P&L with the business tax returns. If you are self-employed, the bank will want to see a current interim statement.
BUSINESS INTERIM STATEMENTS (self-employed only) Please provide a current P&L with the business tax returns. If you are self-employed, the bank will want to see a current interim statement.
REVOCABLE AND LIVING TRUSTS (only needed if in the trust’s name) If you are putting the boat in the name of a trust, we will need the complete trust agreement to be reviewed by the bank’s legal department.
COPY OF DRIVER’S LICENSE
WIRED DOWN PAYMENT OR CASHIER’S CHECK FOR FINAL DOWN PAYMENT