Large ocean-going freighter with red hull and white decking cruises empty in calm blue seas

Marine Financial Services

Serving the marine industry as an industry partner.

Innovative, flexible marine finance solutions

We are a team of experienced professionals committed to working directly with our customers to create individualized solutions that support your business goals. As an industry-focused company with long-standing vendor relationships and a strong capital base, we have the flexibility to offer more favorable terms than many other capital sources. You’ll be supported by a team of sales and service representatives with extensive knowledge and experience in the marine finance business.

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Loans
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Terms 5-10 years
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Finance/Capital leases
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Pre-approved equipment lines of credit
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Refinance existing loan
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Synthetic leases
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Fixed or variable rates
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Vendor progress payments

Equipment we finance

  • New and used
  • Offshore Supply Vessels
  • Specialty Vessels
  • Lift Boats
  • Inland Barges
  • Platform Supply Vessels
  • Anchor Handling Towing
    Supply Vessels
  • Multi-purpose Supply Vessels
  • Tractor Tugs
  • Tug Boats
Large gray marine platform perched on yellow steel rigging stands high above water with sun shining in middle of ocean
Large freighter with red hull with white stripe and yellow decking cuts through open ocean on grey cloudy day
Overhead view of marine tugboat cutting through water pulling large black barge with yellow bow
Side view of marine tugboat pulling large orange-hulled black barge on calm blue seas

Payment terms to fit your needs

Our competitively-priced, highly flexible terms are designed to make your marine equipment acquisition as comfortable and affordable as possible. We offer terms and amortizations that match the cash flow needs of your business.

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A simplified, responsive application process.

We pride ourselves on providing fast, attentive service to each customer, and we’ll guide you through the loan application process from beginning to end. Our dedicated credit underwriting unit provides timely, responsive loan decisions so you can move your business forward.

We are a proud member of

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Grow your business with specialized equipment finance

People's Capital and Leasing Corporation, a subsidiary of People's United Bank, is a nationally-ranked, top-50 equipment finance company headquartered in Bridgeport, Connecticut. Founded in 1842, People's United Bank is a northeast-based, regional bank with national subsidiaries spanning the country and more than $63 billion in assets.

Connect with a Marine Financing expert

Roger Allcorn, VP Sales

(205) 243-4653

roger.allcorn@peoples.com

Mike Gagne, VP Sales

(831) 601-5270

michael.gagne@peoples.com

Tom Davies, SVP

(203) 338-6412

thomas.davies@peoples.com

Disclosure

*Some restrictions apply. Application and credit approval required. People's Capital and Leasing Corp. is a subsidiary of People's United Bank, N.A.

© 2022 People's United Bank, N.A. | Member FDIC | Equal Housing Lender icon Equal Housing Lender