Fundz

NextBoat Inc. Secures $2 Million Initial Advance in Credit Agreement

PUBLIC · NXBOct 29, 2026

Amount Raised

$2 Million

Round Type

Debt Financing

WilmingtonMarketplace

Investors

RLLT Capital, LLC

Description

NextBoat Inc. has entered into a Revolving Credit Agreement providing its subsidiary, Off The Hook Yacht Sales NC, LLC, with a credit line up to $5 million for various business purposes. The initial advance of $2 million was funded on October 22, 2026, to support working capital and inventory purchases. This agreement enables flexible borrowing and repayment options for the subsidiary.

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Company Information

Company

NextBoat Inc.

Location

Wilmington, North Carolina, United States

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Related People

2 contacts
Verified contactsBlake P., Chief Operating Officer hiddenSee plans and pricing
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