How to Apply for ABA Boat Financing

After submitting a request for quote (click here to access quote form), AmeriFleet Capital will provide a quote within one  day for your consideration.  Along with the quote, AmeriFleet Capital will provide you with a copy of the application and an overview of the financing process so you can feel comfortable that you will have smooth sailing in the purchase of your new boat.   

Application and Approval Process

1.   Complete the application and forward to AmeriFleet Capital, via mail, overnight express or fax, together with supporting information listed on the Financial Information Requirements Sheet (i.e. equipment specifications if available, 2 years' tax returns for business and/or individual - include all applicant(s)/guarantor(s) information).

2.   Upon receipt, AmeriFleet Capital will review the Application and will contact you with any questions.

3.   AmeriFleet Capital will give an approval usually within one to two business days. More complicated business financings may take longer.

4.   There are no costs to you to apply.

The Closing Process

Closing takes two to three business days - one day to prepare and overnight documents to you and one day for you to sign and return the documents. AmeriFleet Capital includes a pre-paid, pre-addressed overnight return envelope to expedite the process.

1.   AmeriFleet Capital conducts the necessary title searches on the equipment.

2.   AmeriFleet Capital forwards Closing Package via overnight FedEx for signing by Purchaser/Guarantor together with a closing document instruction sheet.

3.   Closing documents will need to be signed, notarized and returned.

4.   AmeriFleet Capital wires the loan amount to seller/ lien holder, as designated by buyer, upon receipt of documentation and authorization. Buyer will have made the down payment to seller at this point.

5.   Please note that AmeriFleet Capital cannot finance any state taxes with the purchases. Taxes will need to be paid separately by the buyer.

Post Closing

1.    AmeriFleet Capital submits the necessary documentation to the state or federal agencies responsible for title filings.

2.    AmeriFleet Capital copies and forwards a complete set of documents to you for your records.

3.    AmeriFleet Capital conducts post-sale title search to verify proper title and forwards a copy to you for your records.