What types of boats and vessels can you finance?

We arrange commercial finance for fishing boats and trawlers, charter, dive and tour vessels, ferries and passenger boats, workboats and barges, tugs, aquaculture vessels and other marine assets — new or used. If the vessel is used to generate income for your business, we can look to structure finance for it.

Who qualifies for commercial boat finance?

Commercial marine finance is designed for businesses and ABN holders using the vessel for commercial purposes — commercial fishing, charter, tourism, aquaculture, passenger transport, tug and dive operations and more. Lenders assess your business, your experience in the sector, the vessel and your cash flow.

Can I finance a used vessel?

Yes. We arrange finance for new and used marine assets, whether bought from a dealer or a private seller, provided the vessel meets the lender's requirements. Specialist marine lenders take into account the type, age, survey and condition of the boat and its engines.

Can I get pre-approved before I've chosen a vessel?

Yes. Pre-approval tells you exactly what you can spend, gives you more confidence negotiating with sellers, and lets you move quickly when the right vessel comes along. Our pre-approvals are valid for up to 90 days.

How quickly can finance be approved?

It depends on your situation and the vessel, but we can often secure approval within 24 to 48 hours. We handle the application and compliance to keep things moving so you can get on the water sooner.

What can a commercial boat loan cover?

Finance can cover the purchase of new or used vessels, plus engines, electronics and navigation gear, refits, upgrades and other business-related marine equipment. We'll structure the facility around what your operation needs.

How much can I borrow?

Loan amounts depend on the vessel, the lender and your business financials. In many cases we can arrange up to 100% finance for eligible applicants — we'll tell you upfront what's realistic for your situation.

Do you finance large commercial vessels?

Yes. We work with lenders who specialise in funding larger marine assets, including charter boats, trawlers and passenger ferries, and structure finance to suit the value and use of the vessel.

Lowest Rates in Australia

Trusted by 10,000+ Businesses

Boat Finance For Businesses

Name: Overdrive Commercial Funding
Address: 54 Miller St, North Sydney, NSW, 2060, AU
Telephone: +61417000316
Price range: Free
Rating: 5

Need finance to purchase a boat for your business? Our commercial marine finance brokers secure competitive boat loans for Australian businesses — with fast approvals, tailored repayments and better terms than banks and dealerships.

Finance for boats, jetskis, yachts and vessels

Competitive rates and flexible terms

Fast approvals, personalised service

100% free service — no hidden fees or costs, ever

0417 000 316

Read our Google Reviews

Free No-Obligation Quote

Compare options with 80+ lenders. No credit impact.

Every enquiry lands directly with Simon, Director.

Contact

Business

Asset

Final

First Name*

Last Name*

Mobile*

Email Address*

Business Name / ABN*

Your ABN helps us match you to lenders who suit your business profile. No credit check at this stage.

Vessel Required*

New or Used?*

Sale Type*

Finance Amount Required*

Deposit Available?

Credit History*

State*

Submitting this form does not lock you into finance or have any impact on your credit profile.

Specialist marine lenders Funding From $20k-$10m+ Easy Application Low Rates and Fees

95%

Approval Success Rate

$380M+

Total Volume Funded

Hour Decisions

Cost To Use Our Service

Commercial Boat Finance Has Never Been Faster Or Easier

Looking for the best rates on commercial boat finance? You've come to the right place. We arrange competitive finance for commercial boats, workboats, passenger vessels, ferries, jet skis and other marine assets used across commercial fishing, charter operations, tourism, aquaculture, passenger transport, tug services, diving, whale watching and more.

Marine assets require specialist finance due to their value, purpose and the limited number of lenders with genuine expertise in the sector. At Overdrive Funding, we work with specialist marine lenders to secure competitive rates, flexible loan terms and finance structures tailored to your business.

Whether you're purchasing a new vessel, buying used, refinancing existing finance or expanding your fleet, we'll structure funding around your cash flow with options including chattel mortgages, commercial hire purchase, finance leases and low doc options.

Get in touch with Simon and our experienced team today for a free, no-obligation quote and discover how much you could save on your commercial boat finance.

Vessels We Finance

We arrange finance for all new and used marine vessels:

Commercial fishing boat finance
Charter vessel finance
Workboat finance
Jetski finance
Yacht finance
Ferry finance
Tugboat finance
Aquaculture vessel finance
Diving and whale watching vessel finance

Range Of Solutions

We provide custom solutions to support your business at every stage of growth:

No doc boat finance
Low doc boat finance
Used boat finance
Chattel mortgage
Marine asset lease
Commercial hire purchase
Boat refinance
Fleet marine finance

Unbeatable Rates — Always Compare Before Signing

We're known for securing the cheapest boat finance rates, consistently beating quotes from banks, dealerships, and other brokers. Through our free boat loan comparison service, we'll compare any quote against our panel to secure you a lower rate with reduced repayments. Never rely on a verbal interest rate. Many lenders advertise attractive headline rates without disclosing all fees and charges, making finance appear cheaper than it really is. That's why it's essential to compare actual repayments, as they reveal the true cost of the loan. If you've received a quote, send it through for a free review. We'll break down the interest rate, repayments, fees, loan structure, and total cost, identify any hidden charges, and let you know if a better deal is available. A few minutes spent comparing finance options could save your business thousands over the life of the loan.

Why Use A Marine Finance Broker?

At Overdrive Funding, we do more than arrange marine loans — we help businesses secure the right finance solution to support growth and improve cash flow. Rather than being limited to one bank, we compare over 80 lenders to access competitive rates, flexible terms, and stronger approval opportunities. Whether you're financing a single vessel, a commercial boat, or an entire fleet, we tailor marine finance solutions to suit your business needs. Our goal is simple: make marine finance faster, easier, and more affordable while helping you secure the best possible outcome.

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Can't Be Beaten On Price Or Service

Want the best deal on boat finance? We're known for delivering low rates in all major cities and surrounding regional areas across NSW, VIC, QLD, WA, SA, TAS, ACT and NT.

Sydney

Melbourne

Perth

Brisbane

Gold Coast

Adelaide

Canberra

Darwin

Tasmania

Compare Your Options

Why Businesses Choose Overdrive

See how going through Overdrive compares to a bank, a typical broker, or dealership finance.

WORKING WITH US

MULTIPLE LENDERS, ONE APPLICATION

GOING TO BANK

ONE RATE, ONE CREDIT POLICY

TYPICAL FINANCE BROKER

LIMITED PANEL, GENERALIST APPROACH

DEALERSHIP FINANCE

ONE OPTION, THEIR RATE

80+ lenders compared in one application

One lender, their own products only

A limited lender panel of 10-30 lenders

One or two finance partners, or a broker they refer you to

We deliver you 2-3 options to choose from

One product, full financials required

Gives you one option, tells you this is the best deal

One rate offered, take it or leave it

100% free — we don't charge any in-house service fees

Charges application/establishment fees and document fees

Typically charges a service fee at settlement

Cost built into an inflated price

Approvals often within 24-48 hours

Slow — weeks, through many hands

Varies, depends on their panel

Fast, but rate is often non-negotiable

Fast pre-approval valid for 90 days

Slow or no pre-approval before you buy

Available, panel-dependent

Tied to that one vehicle only

Specialist lenders for tougher credit profiles

Conservative — minimal policy exceptions

Some flexibility, panel-dependent

Prime borrowers only

One soft credit check while we quote

A hard enquiry on every direct application

Usually shops you around, making multiple enquiries

Hard credit enquiry without rate comparison

Independent — We work for our clients and on their time, no pushy sales or rush

Serves the bank, not you

Sales and volume-focused, not looking out for your best interest and pushing to sign contract

Serves the dealer's finance targets with pressure to sign on the spot

Direct access to Simon, the Director

No direct numbers, with rotating staff and call centres

High staff turnover — clients passed between brokers

A salesperson upselling finance

Available 7 days a week, including after hours

Business hours only

Business hours only with no weekend support

Showroom hours only

Older and specialist vessels considered

Tightly capped asset age limits

Depends on their limited panel

New & near-new stock focus

Buy from any dealer, broker or private seller

Restrictions may apply

Usually dealer or private only

That dealership only

Full support through settlement & beyond

Little contact after settlement

Focuses on converting sales rather than long-term support

None after the sale

Working With Us

80+ lenders compared in one application

Going to Bank

One lender, their own products only

Typical Finance Broker

A limited lender panel of 10-30 lenders

Dealership Finance

One or two finance partners, or a broker they refer you to

Working With Us

We deliver you 2-3 options to choose from

Going to Bank

One product, full financials required

Typical Finance Broker

Gives you one option, tells you this is the best deal

Dealership Finance

One rate offered, take it or leave it

Working With Us

100% free — we don't charge any in-house service fees

Going to Bank

Charges application/establishment fees and document fees

Typical Finance Broker

Typically charges a service fee at settlement

Dealership Finance

Cost built into an inflated price

Working With Us

Approvals often within 24-48 hours

Going to Bank

Slow — weeks, through many hands

Typical Finance Broker

Varies, depends on their panel

Dealership Finance

Fast, but rate is often non-negotiable

Working With Us

Fast pre-approval valid for 90 days

Going to Bank

Slow or no pre-approval before you buy

Typical Finance Broker

Available, panel-dependent

Dealership Finance

Tied to that one vehicle only

Working With Us

Specialist lenders for tougher credit profiles

Going to Bank

Conservative — minimal policy exceptions

Typical Finance Broker

Some flexibility, panel-dependent

Dealership Finance

Prime borrowers only

Working With Us

One soft credit check while we quote

Going to Bank

A hard enquiry on every direct application

Typical Finance Broker

Usually shops you around, making multiple enquiries

Dealership Finance

Hard credit enquiry without rate comparison

Working With Us

Independent — We work for our clients and on their time, no pushy sales or rush

Going to Bank

Serves the bank, not you

Typical Finance Broker

Sales and volume-focused, not looking out for your best interest and pushing to sign contract

Dealership Finance

Serves the dealer's finance targets with pressure to sign on the spot

Working With Us

Direct access to Simon, the Director

Going to Bank

No direct numbers, with rotating staff and call centres

Typical Finance Broker

High staff turnover — clients passed between brokers

Dealership Finance

A salesperson upselling finance

Working With Us

Available 7 days a week, including after hours

Going to Bank

Business hours only

Typical Finance Broker

Business hours only with no weekend support

Dealership Finance

Showroom hours only

Working With Us

Older and specialist vessels considered

Going to Bank

Tightly capped asset age limits

Typical Finance Broker

Depends on their limited panel

Dealership Finance

New & near-new stock focus

Working With Us

Buy from any dealer, broker or private seller

Going to Bank

Restrictions may apply

Typical Finance Broker

Usually dealer or private only

Dealership Finance

That dealership only

Working With Us

Full support through settlement & beyond

Going to Bank

Little contact after settlement

Typical Finance Broker

Focuses on converting sales rather than long-term support

Dealership Finance

None after the sale

Our Simple Process

01
Consult, Offer & Decide Together
Speak to one of our experts about your business needs, and we'll offer tailored finance options, ensuring we secure the best rates for your specific asset and situation. We'll go over terms and decide which is the best solution for you.
02
Conditional Approval
We conduct a soft-touch evaluation of your profile to match you with the right lender for pre-approval. Once you're pre-approved, you can shop confidently for 90 days. If you've found your vessel, we'll initiate the process and take care of all the admin.
03
Sign Documents and Get Funded
When the lender is prepared to settle, you'll receive the contract for your review and signature. After settlement, it's time to take delivery of your vessel.
04
On-Going Support
Once your loan is completed, we'll support you with any related admin, such as payouts, statements, etc.

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FAQ