$500,000 Business Line of Credit Helps Okanagan Boat Rental Company Double Fleet and Boost Revenue

Client: Okanagan-Based Boat Rental Operator Unsecured Revolving Credit

Facility to Enable Fleet Expansion 

Facility Size: $500,000 

Rate: Prime + 3%

An established boat rental company operating on Okanagan Lake was experiencing a surge in demand but lacked access to fast, flexible funding. Many of the boats ideal for their business model were listed in time-sensitive auctions, requiring quick capital to secure. Without a pre-approved business line of credit, the client risked missing key growth opportunities during peak season.

To scale the operation without straining daily cash flow, the client needed an unsecured business credit solution that would allow them to act quickly while preserving liquidity.

Syndicate Lending Corporation arranged a tailored boat rental business loan in the form of a $500,000 unsecured revolving line of credit through a major Canadian chartered bank. The facility was approved within 10 business days and offered a competitive rate of Prime + 3%. Approval was based on the company's historical revenue, strong rental performance, and reliable cash flow.

This flexible fleet financing solution allowed the client to acquire three late-model boats at auction, effectively doubling their rental fleet. Within two months, booking capacity grew by 75%, and seasonal revenues increased significantly.

Thanks to this working capital loan, the business now operates with greater agility, responding to market demand in real time and seizing new opportunities as they arise.

With access to over 1000 lending partners and extensive experience in structuring flexible business financing, Syndicate Lending Corporation delivered a smart funding solution that aligned with the client’s growth goals.

Discover how we’ve helped clients secure the funding they needed by exploring our case studies. Visit our services page to see everything we can do for you.

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