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Re: Charter boat financing
[Re: bailau]
#235188
09/22/2020 09:07 AM
09/22/2020 09:07 AM
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Joined: Oct 2009
Posts: 1,666 Memphis, BVI, CT
RatmansWife
Traveler
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Traveler
Joined: Oct 2009
Posts: 1,666
Memphis, BVI, CT
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Have you heard of people defaulting on their boat loans? I'm guessing that, with charter companies reneging on their guaranteed contracts, some owners have not been able to make their payments. Then, going forward, there is the risk that some charter companies won't survive the pandemic. Banks may not want that kind of exposure.
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