Steps to Apply:
1
Quick Application:
Complete our simple online form and receive swift approvals.
2
Explore Choices:
Compare various options to find the ideal solution for your needs.
3
Personalize Your Terms:
​Choose the options that best suit your business objectives.
4
Get Funding:
Access funds within a few business days for most programs.
Tailored Business Loan Options for Maritime Shipping Services
Tailored Business Loan Options for Maritime Shipping Services
The maritime shipping industry operates in a volatile environment, heavily influenced by global economic shifts, fluctuating freight rates, and the need for constant maintenance. Domestic shipping services face similar challenges, including equipment upkeep, seasonal demand fluctuations, and increasing competition.
At MPF Merchant Pro Funding, we provide tailored financing solutions to help maritime and domestic shipping businesses manage cash flow, invest in essential resources, and adapt to the demands of their industry
In This Guide
What If I'm Declined for a Shipping Business Loan?
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What Are Maritime & Domestic Shipping Business Loans?
Business loans for maritime and domestic shipping companies are designed to address:
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Repairing sea vessels, docks, and equipment damaged by weather or usage.
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Covering operating expenses during cash flow disruptions.
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Expanding fleets or upgrading shipping equipment.
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Managing operational costs related to fuel, insurance, and staffing.
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These loans ensure businesses remain operational despite industry-wide fluctuations in freight rates and demand.
How Do Business Loans for Maritime
& Domestic Shipping Work?
Maritime and domestic shipping loans can take various forms, including:
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Working Capital Loans: Cover everyday expenses like supplier payments and fuel costs.
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Equipment Financing: Fund the purchase or repair of vessels, trucks, or dock equipment.
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Revenue-Based Loans: Repay based on monthly revenue to match seasonal fluctuations.
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Business Term Loans: Finance large-scale repairs or investments over an extended period. ​
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Merchant Cash Advances: Flexible repayments tied to debit/credit card sales (ideal for passenger-based services).
Advantages of Business Loans for Shipping Services
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Manage Repairs Efficiently: Meet federal, state, and local regulations by investing in required upgrades
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Inventory Expansion: Access funds to address unexpected damage to vessels or docks.
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Navigate Seasonal Fluctuations: Maintain operations during slow periods with tailored repayment plans.
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Expand Capacity: Invest in additional vessels, trucks, or storage to meet growing demand.
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Flexible Financing: Terms customized to align with your revenue and operational cycles.
Disadvantages of Business Loans for Shipping Services
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High Capital Needs: Large-scale equipment and repair costs can lead to significant debt.
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Economic Sensitivity: Revenue can be impacted by global economic shifts, affecting repayment capacity.
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Unpredictable Expenses: Storms, accidents, or sudden repairs may exceed loan amounts.
Who Qualifies for Shipping
Business Loans?
To qualify, maritime and domestic shipping companies typically need:
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Annual Revenue: $100,000+
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Credit Score: 550+
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Time in Business: 6+ months
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Required documents include:
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Driver's license
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Voided business check
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Bank statements (last 3 months)
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Equipment repair or purchase invoices
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Proof of insurance coverage
How to Apply for Shipping
Business Loans
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Choose the Right Loan: Identify whether you need short-term working capital, equipment financing, or another option. .
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Prepare Documentation: Gather bank statements, repair quotes, and accounts receivable records.
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Submit Application: Complete an easy online application or contact us directly for assistance.
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Consult a Representative: Discuss available options and repayment terms.
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Receive Funds: Most loans are approved and disbursed within 1-5 business days.
What If I'm Declined for a
Shipping Business Loan
If your application is declined, alternative solutions include:
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Credit Repair Services: : Improve your credit score to access better financing options.
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Revenue-Based Loans: Leverage a repayment structure based on sales revenue.
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Alternative Financing Tools: Explore options like business credit cards or equipment leases.
Repair vessels, docks, and transport equipment.
- Purchase new ships, trucks, or containers.
- Cover rising fuel and insurance costs.
- Invest in marketing to expand your client base.
- Upgrade storage facilities or add new routes.
A Few Ways to Use Your Funds
Why Choose
MPF Merchant Pro Funding?
Quick Approvals
Access funds in as little as 24 hours​
Industry Knowledge
Specialized expertise in maritime and shipping logistics financing.
Custom Solutions
Financing options tailored to your operational needs.
Dedicated Support
Expert advisors to guide you through every step.
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​Merchant Pro Funding has extensive experience in facilitating Small Business Loans. With access to a wide range of business lending products, we provide tailored solutions to meet the unique needs of your business, helping you grow and succeed.
Contact us today for your FREE business funding consultation!
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