The marine industry’s major wholesale lender announced that it will sell its business to simplify operations.
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.
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.
Shore Premier Finance, a direct marine lending division of Shore Bank, announced a new partnership with marine maintenance management company Vessel Vanguard.
GE Capital’s Commercial Distribution Finance business extended its strategic floorplan financing agreement with Independent Boat Builders Inc.
Offshore Financial named Kim Madigan to head its Mid-Atlantic region boat loan team in Annapolis, Md., as a marine finance specialist.