What Intercoastal Financial Group does

Intercoastal Financial Group, LLC, operating as BoatLoan.com, is a privately held, independent recreational lending firm founded in 1987 by Hans Kraaz and headquartered in Vero Beach / Fort Pierce, Florida. The company originates boat loans and recreational vehicle (RV) loans for individual consumers and SMB buyers across the United States, acting as an intermediary between borrowers and a curated network of 18 partner banks. Its platform supports loan sizes ranging from approximately $20,000 pontoon boats to $20 million mega-yachts, with terms up to 25 years and specialized programs including zero-down loans up to $100,000, boat construction loans, business/LLC loans, and financing for Canadian citizens.

The core product is the BoatLoan.com online loan application platform, which features a streamlined digital application, a boat loan calculator, and a multi-bank matching engine that routes applications to one of 18 partner banks based on borrower credit profile. Loan decisions are delivered within hours of submission, with closing coordinated through a network of 30+ local finance specialists/agents distributed nationwide plus a Northeast regional office in Mystic, Connecticut. Adjacent services include professional title and documentation work (USCG documentation, state title and registration, lien adds, UCC filings) across all 50 states. The company also distributes through boat dealer and broker partnerships, complementing its direct-to-consumer funnel.

Intercoastal generates revenue via origination fees and interest spread earned on loans facilitated through its partner bank network (transaction-fee model). Pricing is quote-based, determined by individual borrower qualifications (credit score, loan amount, boat age/value, down payment). Customer segments are exclusively SMB/individual consumers in recreational boating and RV ownership, with no enterprise or B2B anchors. The firm is privately owned, with founder Hans Kraaz serving as CEO, no disclosed PE/VC backing, and no public revenue or funding data.

Name

Intercoastal Financial Group

Legal name

Intercoastal Financial Group, LLC.

Website

https://boatloan.com

Company type

Private

Founded year

1987

Operating status

Operating

Short description

Intercoastal Financial Group, operating as BoatLoan.com, is a privately held independent recreational lender founded in 1987 that originates boat and RV loans for individual consumers and SMB buyers across the United States through a network of 18 partner banks and 30+ local finance agents.

Ownership category

akta.pro rank

Product category

Recreational Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Sales Financing (52222)

SIC

Loan Brokers (6163), Personal Credit Institutions (6141)

akta.pro primary industry

Marine & Boat Finance (FSAKADAH)

akta.pro secondary industries

Personal Loan & Unsecured Credit Intermediation (FSAEAEAM), Multi-Loan / Multi-Creditor Consolidation Loans (FSAKAIAD)

Keywords

• Recreational lending
• Boat financing
• RV loans
• Marine lending
• Vessel financing

Headquarters

HQ city

Fort Pierce

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Boat and RV Loan Financing: Intercoastal Financial Group generates revenue by originating boat and RV loans through their network of 18 partner banks. They act as an intermediary, facilitating loans between borrowers and financial institutions, earning origination fees and interest spread from the lending process.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Intercoastal Financial Group originates recreational loans by acting as an intermediary between individual borrowers and a network of 18 partner banks. Through its BoatLoan.com platform, the company delivers boat loans (for purchases ranging from pontoon boats to multi-million-dollar yachts) and RV loans for motorhomes and travel trailers, supported by a nationwide network of 30+ local finance specialists and dedicated title and documentation services.

Product overview

Intercoastal Financial Group operates BoatLoan.com as a unified digital lending platform for recreational financing. The core offering consists of boat loans and RV loans, supplemented by boat loan calculator tools and professional title and documentation services. The company connects customers with a network of 30+ local loan agents across the U.S. The platform provides end-to-end loan processing including application submission, credit evaluation, bank matching, underwriting, and closing coordination. The company partners with over 18 banks to offer competitive lending options.

Differentiator

Problem solved

Functional benefit

Products and services

• Boat Loans Boat loan origination service for individual consumers financing new and used boat purchases, refinancing, construction loans, business and LLC boat loans, and Canadian citizen boat loans. Funded via a network of 18 partner banks with loan terms up to 25 years and zero down options available for qualified borrowers.
• RV Loans Recreational vehicle loan origination for consumers financing motorhomes and travel trailers. Offered via the BoatLoan.com platform and supported by a dedicated National RV Sales Manager with 13 years of recreational finance experience.
• Title and Documentation Services Standalone professional titling and documentation service covering USCG Documentation, state titles and registrations, lien adds, title corrections, duplicate titles, and UCC filings across all 50 states. Available to boat buyers and used to support the loan closing process.

Quantifiable outcome

• Loan decisions within hours of application submission
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Essex Credit (a division of Truist): Specialized recreational lending division focused on boat and RV loans through a dealer and direct-to-consumer network; historically one of the largest marine/RV lenders.
• Trident Funding: Recreational marine loan originator serving boat buyers nationwide through a partner-bank model, similar in scope to IFG.
• Newcoast Financial Services: Direct competitor in marine and recreational vehicle loan origination, working with multiple lending partners to fund boat and RV purchases for consumers across the U.S.
• Southeast Financial: Boat and RV loan broker operating in the southeastern U.S. with a multi-lender origination model, directly competing with IFG agents in coastal states.

Broad incumbents

• LightStream (SunTrust/Truist): Online lending arm of a major bank that offers unsecured boat loans alongside a broad personal loan product, competing on rate and digital experience.
• Alliant Credit Union: Large credit union that offers boat and RV loans as part of its consumer lending menu, competing for the same member/borrower base.
• Bank of the West Marine & Recreational Financing: Large commercial bank with a dedicated recreational marine and RV financing program, serving as both a competitor and a potential wholesale capital partner to brokers.

Others

• Yamaha Financial Services: Captive marine lender that finances Yamaha-powered boats at the dealership point-of-sale; competes indirectly by capturing originations that IFG's dealer partners might otherwise route to its platform.

Emerging players

• My Financing USA: Digital-first boat and recreational vehicle loan origination platform that competes on convenience and speed with IFG's online channel.
• Boat Loans America: Niche online boat loan broker serving U.S. consumers through a multi-lender model, overlapping IFG's direct-to-consumer business.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Intercoastal-Financial-Group-New-York-100158895866862

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Intercoastal Financial Group