Paragon Bank Charter Vessel Business Finance Rates

Paragon Bank - Charter Vessel Business Finance Overview

Paragon Bank is a key lender on the Doulton Bridging Finance panel for charter vessel business and fleet finance. Their secured business loan structures are designed for commercial charter operators - yacht charter fleets, RIB charter businesses, speedboat hire, fishing charter, dive charter, motor launch charter, and sailing charter operations across the UK.

For October 2026, Paragon is offering rates from 7–12% on charter vessel business finance, with facilities from £75k–£1.5m, maximum LTV of 75%, and terms up to 8yr. These are indicative rates - final terms are subject to underwriting and your specific circumstances.

Charter vessel business finance differs fundamentally from leisure marine finance. Lenders assess applications on the revenue-generating capacity of the charter business, charter contracts, booking data, and DSCR - not on personal income. Doulton Bridging Finance specialises in presenting charter business cases to lenders in a way that maximises approval rates and negotiates the best possible terms.

Paragon Bank Charter Vessel Business Finance Rates - October 2026

Product	Rate	Facility Amount	Max LTV	Max Term
Secured Business Loan	7–12%	£75k–£1.5m	75%	8yr

Rates correct October 2026. Indicative only - final rate subject to credit and underwriting assessment. Representative examples available on request.

Strengths of Paragon for Charter Vessel Finance

Strong track record in specialist and niche business lending including marine assets
Competitive rate range with 7% entry for established operators with strong financials
Up to 8-year terms on charter vessel facilities - good mid-market balance of term and rate
Can consider both individual charter vessel and small fleet transactions with flexible structuring

Limitations to Consider

Maximum 75% LTV slightly below Close Brothers, Lombard, and Hampshire Trust for this sector
Paragon's marine underwriting appetite is more conservative than dedicated marine finance lenders
Less experience than Close Brothers or Hampshire Trust specifically in charter vessel underwriting

Is Paragon Right for My Charter Vessel Finance?

A solid mid-market option for charter operators with established businesses seeking £75k–£1.5m. Paragon works well where the borrower has a strong broader relationship with Paragon Group or where a secured loan structure is preferred over HP or lease.

If you are unsure whether Paragon is the right fit for your charter vessel finance, our team at Doulton Bridging Finance will assess your case and identify the most appropriate lender or combination of lenders. We work across the full charter vessel panel simultaneously to ensure you get the best available terms.

Compare All Charter Vessel Business Lenders

We work with nine specialist lenders for charter vessel business and fleet finance. View the full comparison:

Or see our best charter vessel business finance rates comparison page.

Frequently asked questions

Does Paragon Bank have a dedicated marine finance team?

Paragon Bank handles charter vessel and marine business finance through their specialist business lending division. While they do not have a standalone marine finance team, their specialist lenders have experience with maritime assets and commercial charter businesses.

What is Paragon's typical rate for a charter yacht fleet?

Paragon's rate range of 7–12% means most established charter operators with 2+ years of profitable trading and good vessel condition would expect an offer in the 8–10% range. The best rates (7–8%) are reserved for the strongest covenant cases with significant history and forward bookings.

Can Paragon finance a fishing charter business?

Yes. Paragon can finance fishing charter vessels used for commercial angling trips, provided the vessel is appropriately coded (MCA Cat 2 or 6 as applicable), commercially insured, and the business has demonstrable fishing charter revenue. Rates may be toward the higher end of their range for fishing charter versus leisure yacht charter.

Does Paragon offer refinancing of existing charter vessels?

Yes. Paragon can refinance existing charter vessels to release equity or improve on existing finance terms. Current independent survey valuations are required, and Paragon will assess the residual equity against their 75% maximum LTV.

How does Paragon compare to Close Brothers for charter vessel finance?

Close Brothers has greater capacity (up to £3m vs £1.5m), higher LTV (80% vs 75%), and a longer track record specifically in charter vessel finance. Paragon may be a useful alternative where Close Brothers has concentration limits or where an existing relationship supports better terms.

Paragon Bank Charter Vessel Business Finance Rates October 2026