Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Single-Use Business
Marina Loans
We are pleased to offer marina loans for the purchase or refinance of marinas nationwide, from $1,500,000. Select Commercial specializes in marina financing for small business owners who own their own marina and waterfront properties. Because a marina is an owner-operated, single-purpose business, we place these loans mainly through SBA 504 and 7(a), with up to 90% financing. Compare today’s commercial mortgage rates.
Get a Free QuoteMarina Loan Rates & Terms
Rates updated as of August 23, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| SBA 504 (Fixed) | 6.03% | Up to 90% |
| SBA 7(a) (Variable) | 6.75% | Up to 90% |
- Marina purchase and refinance nationwide
- Up to 90% financing through SBA, 100% possible in some cases
- For seasoned operators and new owners
- Cash-out available for improvements or expansion
- Long terms, up to 25 years for real estate
- Loans from $1,500,000, no upfront fees
Rates last updated August 23, 2026. Rates and maximum LTV shown represent our best-case pricing scenarios. Actual rates, LTV, and loan terms are subject to underwriting approval and may vary.
What a Marina Loan Can Cover
Many new owners underestimate the capital needed to open and run a successful marina operation. Beyond the real estate itself, we can finance:
- Acquisition of the real estate and the operating business
- Furniture, fixtures and equipment (FF&E)
- Closing costs
- Working capital
- Rehab, improvements and expansion
For a startup or an expansion, projection-based income can sometimes be used to qualify, an option traditional banks rarely match. Seller-financed marinas can also be refinanced onto longer terms.
Three Main Sources of Marina Financing
There are three main sources of marinas financing, and as a broker we compare all of them for your deal:
- SBA loans (504 and 7a): the most common route for marinas, offering high leverage up to 90%, long terms and flexible underwriting for owner-operators.
- Seller financing: sometimes available on acquisitions, and often used alongside an SBA or bank loan.
- Conventional bank loans: available for stronger operators, though most conventional lenders steer clear of marinas due to the specialized risk profile.
Marina and Boating Industry: 2026 Numbers
Boating participation remains near record levels, keeping slip demand strong at well-run marinas. Per the National Marine Manufacturers Association (January 2026):
- About 85 million Americans go boating each year, with roughly 11 million registered boats in use.
- $24.5 billion in annual boating and accessory spending, holding at post-2020 highs.
- 2026 new powerboat sales are projected flat to slightly up, with entry-level boats and personal watercraft over 90% of volume.
The biggest boating states are our lending markets every day: Florida ($6.1 billion in annual boat sales), Texas ($2.4 billion) and Michigan ($1.5 billion), plus coastal markets like California and New York, and marina metros such as Miami, Fort Lauderdale, Tampa, San Diego and Seattle.
Marina Lending: 2026 Outlook
Boating participation is holding near record levels into 2026: about 85 million Americans boat each year, roughly 11 million registered boats are in use, and annual boating spending is running at $24.5 billion. New powerboat sales are projected flat to slightly up for 2026 (January 2026 industry forecast), with dealer sentiment improving, 40% held a positive 12-month outlook in the latest survey, up from 32%. For marina owners that means steady slip demand and a good window to refinance, expand dockage or add service and storage revenue with SBA-backed capital.
Why a Marina Loan Specialist Matters
Most conventional lenders avoid marinas because the real estate and the operating business are intertwined. Many small business owners looking to refinance or take cash out have trouble getting traditional bank loans because of their company size, a specialized property type, credit history, or difficulty producing tax returns. It is important to choose a lender who has experience with marinas and understands how to analyze these transactions.
With more than 30 years of experience, we finance marinas that generalist lenders will not, with no upfront application or processing fees and written pre-approvals within 48 hours. See our business loans and special-purpose pages for related options.
What Our Clients Say
“I needed an SBA loan and found Select Commercial. It was obvious Stephen knew everything about commercial loans. If you are starting a small business, definitely give them a call.”
Larry S. · Washington, DC“I needed a business mortgage for my small business. Stephen helped me the entire way and was always accessible. I highly recommend them.”
Jonathan M. · Seattle, WA“I am a veterinarian who purchased an existing practice. I was surprised to find a company that offered 100% financing at a good rate, with great terms and rates for medical office financing.”
Carol K. · Chicago, IL“Select Commercial offered 100% financing for my medical practice when my bank would have required 20% down. They delivered something my bank could not, and handled everything professionally.”
John C. · Boston, MAGet Your Marina Loan Quote
No cost, no obligation. Written answers within 48 hours from $1,500,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up