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Whether you run one commercial fishing boat or a fleet of ships, there�s always more to be done, another season to prepare for and more fishing equipment to purchase. Get a commercial fishing business loan that works for you and take advantage of the benefits we offer. An *opinion* about taxes and boat loans: First off, living on a boat is not necessarily a requirement to deduct the expenses generated by owning a boat. All that is typically required Loan To Buy Fishing Boat 90 is a sleeping area, a head and some form of rudimentary galley. Additionally, up to this time the IRS appears to require some indication that the owner stays overnight on the vessel at least 14 days a year. Boat Loan Calculator. It�s easy to plan for your dream purchase with our free, online boat payment calculator for boat loans. We know that applying for a loan can be an intimidating process, especially when you want to purchase a high-ticket item like a boat.
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