Marine financing specialist L-H Finance said it has a new strategic partnership with Formula Boats, a family-owned company in Decatur, Ind.
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.
Marine financing specialist LH-Finance said it has a new strategic partnership with Bavaria Yachts.
LH-Finance entered into a partnership with the Active Interest Media Marine Group that will give the financing firm’s clients VIP benefits at AIM boat shows and in new boat dealerships.
Northpoint Commercial Finance said it developed a relationship with Plantation Boat Mart in Florida, providing exclusive financing for HydraSports Custom boats.
LH-Finance, the marine division of United Bank in Glastonbury, Conn., today announced an enhanced partnership with Dufour Yachts.
After spending 20-plus years working her way up the corporate ladder at Maryland National Bank, Karen Trostle decided she could start her own marine loan origination company.
Marine lenders are seeing a drop in third-quarter new-boat sales.
Jim Meere was given the National Marine Lenders Association’s service award during its recent 36th annual conference in Naples, Fla.
A relatively steady economy and boat market converged for many marine lenders during the 2015 model year, yielding encouraging bookings and profitable underwriting.
Bruce Van Wagoner is managing director and president of the Commercial Distribution Finance marine group at GE Capital, the marine industry’s major wholesale lender. He leads a team of employees focused specifically on the marine industry, funding thousands of dealers in support of the sales of virtually all of the major manufacturers. Van Wagoner says…more