LOANS & INSURANCE

 

CHALLENGED CREDIT PROGRAM:

  • 316 lending believes in Second Chance financing for our customers. We specialize in helping people who have experienced some bad credit issues in the past.
  • Loan Amounts $5,000 to $75,000
  • Loan terms up to 15 years depending on loan amount and credit score.
  • Simple interest, fixed & variable loans with no prepayment penalty.
  • 10% minimum down payment requirement.
  • We finance units up to 15 years old. Most banks and credit unions only offer 10 years or less.

 

PRIME CREDIT PROGRAM:

  • 316 Lending has the lowest rates in the industry. Contact us for details.
  • Loan amounts $6000 to $500,000
  • Loan terms up to 20yrs pending on the loan amount
  • Simple interest fixed & variable loans with no prepayment penalty
  • 10% minimum down payment required
  • We finance units up to 15yrs old but can go older on a case by case basis
  • Proof of income might be required on financed amounts over $50,000 in the form of pay-stubs and W2’s. Self-employed customer must submit 2yrs federal 1040 tax returns and Personal Financial statements.

 

INSURANCE QUOTES:

We specialize in Marine Insurance. We have total loss and agreed value policies for your recreational purchase. We can also offer extended service policies for extra engine/motor/trailer protection on your boat.