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Discussion in 'General Yachting Discussion' started by AnotherKen, . While out for my walk yesterday I noticed a motor Yacht named "Urban Cowboy" it had a launch on the aft named "Pony Xpress". That was quirky enough to amuse me. I also noticed another named "Still Waters" registered right here in Vancouver, Canada. That name surprise me a little due to the latitude we are at here.
Sounds to me like you're just making excuses of why they won't loan you money and excluding a lot of critical information. They don't look favorably today on those avoiding taxes and claiming they're really making a lot of money. However, they're not in the business of turning away credit worthy customers. $400k is a substantial loan to someone not reporting income. Depreciation isn't a get out of debt free card as depreciable assets require renewing and replacing. Lenders are not stupid.
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