Flexible working capital solutions
for maritime companies

Frequently asked questions

• How to apply for my first loan?

  Marlo’s four-step loan journey is fast, easy to understand, and flexible.

  1. Sign up
  2. Get prequalified
  3. Apply for a loan
  4. Utilize funds

   

• How do I know if my company is eligible to borrow?

  We are looking for maritime or trading companies with a positive balance sheet and a strong management team who are willing to grow the business. Complete the prequalification process and confirm your company’s eligibility to borrow.

• How much can I borrow?

  Your company can initially borrow up to $750,000 depending on the credit facility. For larger amounts, Marlo offers both monthly and yearly pricing plans for borrowers with three tiers.

• How do you evaluate my company's credit profile?

  Marlo runs identity, anti-fraud, and credit checks on businesses during the application process. Marlo has an in-house system to evaluate your business and operations to formulate your credit profile. Some of the metrics we consider are company size by turnover, liquidity position, leverage position, recent operational performance, and management’s track record. However, we do not work with unrelated third parties that may affect your company’s credit rating.

• Are there any prepayment charges?

  There are no prepayment charges for loans borrowed through Marlo. However, there is a minimum interest period of 15 days.