SALT exceeds funding target

SALT offers customers a straightforward way to become a boat owner and is releasing an app this autumn giving users access to professional advice to complete a purchase and be on the water at the earliest opportunity.

“Currently boat finance is somewhat broken with relatively few funders to choose from and limited options that encourage clients to actively proceed,” said Joe Dalton, chief executive at SALT.

“Add to this the painfully slow decision times and overall difficulty tracking applications, it is clear the entire process has become both time-consuming and frustrating.

At SALT we offer an exclusive one stop boat shop with seamless engagement throughout the purchase journey, plus the provision of full support for insurance, warranty, moorings or service contracts whilst delivering unrivalled convenience for sailors.”

SALT uses certified open banking technology to improve decision and processing times, alongside a paperwork-free process. It delivers instant credit decisions on a round-the-clock platform speeding up the boat buying process.