GE Capital’s commercial finance unit, though up for sale, is expanding its financing program with Bass Pro Shops and Tracker Marine to cover Fishing Holdings LLC, a brand bought out of private equity last year.
NMLA and Lending
The National Marine Lenders Association is a trade association of boat lending specialists. Members include financial institutions such as commercial banks, private financing firms, savings and loan companies, credit unions and retail service companies. Members extend or originate credit to consumers, retailers/dealers and makers of recreational boats and equipment.
Vantage Recreational Finance, a marine and RV finance company, launched a national dock and lift consumer financing program.
The nation’s leading financial news publications are reporting that potential buyers for General Electric commercial lending arm GE Capital include Wells Fargo & Co., Blackstone Group LP, Mitsubishi UFJ Financial Group Inc. and Apollo Global Management.
The marine industry’s major wholesale lender announced that it will sell its business to simplify operations.
The marine industry’s behemoth floorplan lender increased several credit lines in the last year or two as boat sales continue their steady, albeit slow ascent and confidence rises among consumers and dealers.
Centurion Boats announced that its GE Capital finance program is now available for Australian dealers.
Baltimore-based Shore Premier Finance, a direct marine lending division of Shore Bank, announced a new strategic partnership with TUI Marine.
Shore Premier Finance, a direct marine lending division of Shore Bank, announced an exclusive partnership with BoatQuest.com, a division of the Active Interest Media Marine Group and a longtime trusted name in boats and yachts for sale in online listings.
The National Marine Lenders Association will hold its annual lenders conferenceSept. 21-23 at the Silverado Resort and Spa in Napa, Calif.
Shore Premier Finance, a direct marine lending division of Shore Bank, said it formed a partnership with YachtCloser.