Simpson Marine introduces yacht financing platform EPOWER
Published: Tuesday, 28 March 2017
Simpson Marine launched its new yacht-financing platform EPOWER, which aims to help clients buy a new or pre-owned yacht in a quick, easy, and financially sound manner. EPOWER will be officially presented at the upcoming Singapore Yacht Show (April 6-9).
(Images: Simpson Marine - EPOWER)
EPOWER offers tailor-made solutions for each client's particular needs. Simpson Marine's EPOWER team works with leading banks and finance companies such as ICBC China, BANK OF CHINA, GFT (China), CHAILEASE (Taiwan), BNP, Credit Suisse and continues to expand its portfolio of partners.
Yacht financing is available in all Asian countries where Simpson Marine has offices, including Hong Kong, China, Taiwan, Singapore, Thailand, Malaysia and Indonesia.
EPOWER can provide up to 70% financing over a period of three to five years. Processing time for financing approval can be as short as 10 days after receiving all necessary documents.
Yacht buyers have the flexibility to apply for yacht refinancing after the purchase of their yacht has been made, allowing the owner to release funds for investment in other interests and activities.
Mike Simpson, Founder of Simpson Marine, said: "EPOWER can fund the purchase of all types of yachts, ranging from small sailing boats to the world's largest superyachts, and covers all brands in the Simpson Marine portfolio from Beneteau, Lagoon, Monte Carlo, Monte Carlo Yachts to Sanlorenzo and Viking.”
Elliott Cheng, Managing Director of EPOWER, said: "It took us a few years, while acquiring the best and most reliable banking partners, to develop and complete this financing solution. I believe that EPOWER will enable more buyers to realize their yachting dreams quicker and easier and give a big boost to the growth of the yachting industry throughout Asia."