Skip to main content
Peoples Bank Maritime Lending Services

Financing Commercial Maritime Operations

Peoples Bank offers lending services for borrowers that operate in Pacific Coastal waters, including for the acquisition, construction, and refinance of commercial vessels, fishing rights, quota, and permits, and operating lines of credit. The Bank also offers financial services for shipyards and equipment providers.

Lending to maritime industries requires specialized knowledge. The Peoples Bank commercial maritime lending team is based in Ballard, Washington, home to Fishermen’s Terminal and the North Pacific fishing fleet. The team is an integral part of the maritime community on the docks day in and day out.

Due to the unpredictable and often cyclical nature of the industry, maritime loans are made to borrowers who meet the following criteria:

  • Adequate capital base and financial reporting
  • Proven management ability; experience planning for and managing adverse cycles
  • Successful history in the type of production/business
  • Repayment source derives from income and cash flow within normal production cycles
  • Sufficient collateral value as a secondary source of repayment

Meeting the Unique Needs of the Maritime Industry

Peoples Bank is a nearly 100-year-old locally owned community bank. Our roots are in agriculture lending, which shares many similarities with the maritime industry. Over the years we have developed a deep, first-hand understanding of our customers’ businesses – many of which, like Peoples Bank, are family businesses. Having a strong local presence gives us the ability to provide personalized service to our customers.

  • Boat Loans
  • Quota Loans
  • Permit Loans
  • Maritime Financing
  • Equipment Financing
  • Shipyard Financing
  • Operating Lines of Credit

We offer a full suite of services and loans that fit the needs of this specialized industry. Loan decisions are made locally, which means borrowers have direct access to the decision-makers on their loans.


We're Ready

Give us a Call Visit Us

Business Online Banking

Managing your business finances just got easier. With Business Manager, financial control is at your fingertips.

Explore Business Manager

Small Business Administration

Your loan request is even stronger with the support of an SBA guarantee.

SBA Loans

5 Star RatingPeoples Bank is rated 5-Stars by Bauer
Rating as of October 2023