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ExcelCredit.com Reviews

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About Excel Credit Inc.

Excel Credit Inc. is a privately held corporation providing financial services to its customers. It is a small-scale loan provider founded in 1993 with its headquarters located in Longwood, FL. The business is privately held, meaning that its shares are not listed in the public market, but it has all the registration requirements from the SEC. However, it is a corporation, so its shares can be sold and bought privately through auctioning and other private events.

Excel credit is a registered member of the National Marine Lenders Association, a consortium of companies and businesses from all over the country working to make boating affordable for the public. Their customers include individuals that want to own a boat, aircraft, or RV, but they don’t have access to such colossal capital. Businesses and enterprises that work in the vacation and tourism industry also get access to much-needed working capital.

Furthermore, it is also a commercial member of the Family Motor Coach Association and the Aviation Finance Professionals. These are both similar organizations that comprise financial institutions working together to make financing more accessible to the customers. Family Motor Coach Association is a group of companies financing RVs and Motor Homes, while the Aviation Finance Professionals specialize in providing Aircraft lending. There are currently 11 employees working in the company, and their profiles could be checked out from the company’s official LinkedIn account.  

Excel Credit Inc. specializes in providing low-interest loans for the procurement of recreational vehicles, boats, and aircraft. The company prides itself on offering customers financing for having fun. Their motto, “We Finance Fun – Have Some!” It was founded to fulfill the dreams of its customers by financing their dream luxury rides.

Buying a Yacht, Motor home, or Private Airplane can be expensive. It requires a tremendous amount of capital that is never lying around for working professionals or small business owners. A Yacht costs something approximately $8 Million these days, while a private plane is 4 times expensive. Only large businesses or high net worth individuals have access to this kind of cash.

Excel Credit provides boat loans ranging from $25,000 to $10,000,000. You can use this to buy new and used boats, and even if you haven’t decided which to boat to buy yet, they will help you find one that suits you perfectly. The loans are advanced on easy installments and can be catered to the personal needs of the customer. You can opt for short to medium term loans if you wish to lower interest costs or go for long term easy payments. Their interest rates are very competitive, and they have professional employees that can help you look for the right boat.

Moreover, Excel Credit provides Aircraft Loans ranging from $75,000 To $50 Million, and RV loans from $25,000 To $3.5 Million. The term of the loans can be extended up to a maximum of 20 years, depending on the financial capability of the customer. Additionally, you don’t need a lot of documents to secure a boat, aircraft, or RV; the purchased item serves as the collateral itself. It is only registered in your name after the complete payment of the loan. Until the loan is completely paid off, the boat, RV, or aircraft remains the property of Excel Credit, and it is leased to you by them.

Excel credit offers national coverage of their facilities across the 48 contiguous states, except Hawaii and Alaska. Their services are very efficient as fast, and they can usually approve your loan within the day. Besides, they also provide their customers with documentation support for the registration of the purchased vehicle. They will charge you an extra fee for it, but it would save you a lot of time and hassle, allowing you to enjoy on your yacht, airplane or RV.

You can apply for the loan by visiting their site and filling the online loan application. The process is very straightforward and only takes a few hours. You can complete the process online and wait for the company to contact you. Which usually happens within 24 hours. You can also access online loan calculators available on their website to do your own calculations of what suits you the most.

It is always essential to check out user reviews of the company you will be dealing with for maybe the next 20 years. Fortunately, Excel credit is an established company with hundreds of satisfied customers. They have plenty of reviews online and available on their site.

You can reach Excel Credit through the Toll-Free number (800) 337-7774 or Florida contact (407) 862-2225. They can also be reached through FAX at (407) 862-2298.

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      I was looking for decent rates and long loan terms
      And ExcelCredit has them. I finally caved and opted for a loan after thinking about buying a bot for years! So far everything was ok, the contract was signed sooner than expected and we had a good interaction with them. As a first time boater I had no idea what I was getting myself into so their support documentation for the boat registration was of great help.
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      Excellent service!
      The current situation led to a spike in boat sales in Florida. After being sick of being holed up in our house I decided to buy a second hand boat. I only needed around 50k and they delivered. The loan was approved in a matter of days – which is excellent considering they have less staff now.
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