we offer two enrollment options
option one: Flat monthly subscription Fee
Boating Credit will provide you with our complete financing technology and management service for a flat fee of $475 per month, plus $75 per funding. NOTE: The $75 fee on each funding should be passed on to the Borrower. With the subscription plan, the fee of $475 will remain the same no matter how many loan fundings you have each month. Furthermore, the subscription is based on a month-to-month agreement that you can cancel at any time. NOTE: Potential Fee: If you submit more than 20 applications in any month, you will be charged $15 per application starting with number 21.
option two: Pay per closing
With this option, there are no monthly fees. You only pay a one-time set up fee of $375 to help cover the costs of setting up your financing web site. After that, we will charge you a fee on each closed and funded loan based on the following schedule:
Loan Amounts up to $7499.99 / Our fee will be $375
Loan Amounts of $7500 to $14999.99 / Our fee will be $575
- NOTE: You are welcome to pass these fees on to the Applicant by adding the fee in the amount to finance. However, no matter how you handle the fee; we will always collect the fee from your business five days after the loan approval unless you notify us that the Applicant did not get approved or they decided not to make a purchase.