CALIFORNIA · NAICS 713930
California marina and boat storage projects, from Bay Area refinancings to coastal slip operations, sit squarely on the special-purpose list. Studies tie wet slip and dry storage demand to documented vessel registrations, validate fee structure and amenity revenue, and stress-test coverage against the elevated equity expectations the program applies to this asset class.
FEASIBILITY TRIGGER
Marinas are on the special-purpose list, so a study is normally required with an industry-experienced going-concern appraiser and the elevated equity ladder.
From FY2010 through FY2026, California recorded 14 SBA-disbursed marina and boat storage loans across the 7(a) and 504 programs, representing $17.9 million in approved financing at an average loan size of $1.3 million. The state sits at rank #6 of 38 for marina and boat storage SBA lending volume and holds 4.4% of the national marina and boat storage dollar pool. 7(a) accounts for 78.6% of the count, 504 for the rest, with 3 fresh approvals dated FY2024 or later.
| Disbursed loans (FY2010–FY2026) | 14 |
| Approved volume | $17.9 million |
| Average loan size | $1.3 million |
| 7(a) share | 78.6% |
| Approvals since FY2024 | 3 |
| State rank by loan count | #6 of 38 |
The state-level seasoned cohort in this segment is below our publication threshold of 30 loans, so no state rate is shown. Nationally, seasoned marina and boat storage loans (approvals FY2010–FY2021) show an adverse-resolution rate of 3.0%, against 7.3% across all industries.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
An adverse-resolution rate of 3.0%, close to the national marina and boat storage benchmark of 3.0%, puts California deals in this class on ordinary SBA credit footing. Across 14 loans averaging $1.3 million, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every California marinas and boat storage project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
California projects most often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate, which is decisive where California land and improvement costs run high. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
TMC Financing has supported California marina deals, including the Mariner Square and Alameda Marina refinance, evidence of active 504 capital in the asset class.
For a national view of this asset class, see our marina and boat storage SBA feasibility overview, and read our related analysis in the marina and boat storage lending research on our blog.
Public SBA and CDC program records, cited as program evidence
SBA 504 refinance with cash-out through TMC Financing and First Bank
Marina property
Alameda, Alameda County
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