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Commercial Loans - Marine


Marine & Fishery Finance

We are pleased to announce the financing of:

  • Subbase Drydock, Inc., of St. Thomas, USVI
    $3,250,000 construction and permanent financing of a new drydock
  • Metropolitan Marine, Inc. of New York, NY
    Purchase of a Tug Boat
  • Velvet Maritime of New Orleans, LA
    $1,650,000 refinanced loan and rehabilitation loan
  • USA Island Seafood of Northern Marianas Island, Saipan, USA
    $1,000,000 working capital loan 

Independence Bank finances all aspects of the Marine & Fishing Industries world-wide:

  • Vessel Construction: All Types!
  • Vessel Purchases: All Types! Tug, Fishing, Ferry, Barge, you name it!
  • Working Capital Lines for Fish Processors
  • Working Capital Lines for Boat Builders


Contact us today regarding your project:

Call Mike Sammartino
401-471-6318
Toll Free: 1-888-824-8873
EMAIL: msammartino@independence-bank.com  

Independence Bank
1370 South County Trail
East Greenwich, RI 02818 USA

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