Supporting Documents for Loan Application
To facilitate a smooth application process, we require the following documents:
- Fishing License: A valid fishing license is essential for commercial fishing activities, and we require it for regulatory compliance.
- Vessel License: Proof of vessel licensing is necessary to ensure the legality and eligibility of the vessel for the loan.
- Sales Agreement: A sales agreement provides details about the purchase or sale of marine products, adding transparency to the transaction.
- Cash Flow/Income & Expense Statements: Providing detailed financial statements helps us assess your financial capacity and the viability of your marine-related activities.
- Ownership Title for Vessel: Documentation of vessel ownership is crucial for establishing collateral and verifying the legal status of the asset.
How to Apply:
Applying for our Marine Product loan is simple! Visit one of our branches to pick up an application form. Our friendly staff is ready to assist you through the application process and answer any questions you may have.
At Toledo Teachers Credit Union, we are committed to supporting the vibrant marine industry in our community. Take the next step toward achieving your marine goals with our Marine Product loan product.
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