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  • Commercial Vessels are Eligible for 504 Loans

    Community Business Finance is proud to provide its 504 Loan Program to businesses in Texas and Louisiana. In service to these Gulf Coast states, we want to remind business owners and lending institutions that commercial boats and fishing vessels are an eligible use of 504 loan proceeds. This includes many different types of vessels that are used in businesses supported by our coastal waters: push boats and tug boats that move barges, commercial fishing boats, tour boats, water taxis, and ferries to name a few.

    Community Business Finance recently helped a client in Louisiana that provides service vessels with the purchase of a push boat. The push boat needed renovations and these costs were included in the loan amount for a total project cost of $2 million. We are thrilled to help this client expand their fleet and create new jobs for Louisianans.

    We are also assisting a marine towing company in Texas that would like to purchase two new boats for their aging fleet. At $2.5 million per boat, this client's financial needs and business goals are a good match for our 504 Loan Program. The Gulf Coast waterways are rich in industries and businesses that use vessels to provide services and entertainment for the communities in Texas and Louisiana.

    Community Business Finance is eager to partner with lenders to help these companies realize their business dreams with a 504 loan.

    To Get Started fill out a short online form and a loan expert will contact you.

    You can also contact our offices:

    In Texas call Bill Ebersole at 713-457-1650, ext. 201, or email him at bill@communitybusinessfinance.com.

    In Louisiana, call Jeanne Bergeron at 1-800-462-1017 or email her at jeanne@communitybusinessfinance.com.

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