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.

Company debuts marine financing website

New Jersey-based Rising Tide Media LLC recently launched BoatLoans.com, a platform to help boaters secure financing online. The site will provide boaters the opportunity to complete the boat loan approval process entirely online. Rising Tide Media, which has established an online presence in website design for marine businesses, is forming partnerships to provide consumers with…more

NMBA survey points to growth in 2Q

The National Marine Bankers Association’s first-quarter members’ survey reported that 80 percent of respondents expect the second quarter of 2012 to be up from the same period of last year. The survey also shows that 100 percent of respondents believe lending criteria are the same or less stringent than during the prior quarter. This is…more

CFO survey shows optimism on the economy

U.S. chief financial officers of middle-market companies have grown more positive about the state of their industries and businesses, as well as the state of the domestic economy during the last six months, according to the latest middle-market CFO survey by GE Capital. In terms of potential threats to the U.S. economy in 2012, concern…more

GE survey shows optimism about consumer demand

Many in the marine industry said they expect sales to increase this year, according to survey results released today by GE Capital’s Commercial Distribution Finance business. Thirty-nine percent of respondents said they expect sales to increase 0 to 5 percent this year and 38 percent expect increases of 5 to 10 percent. Fifty-four percent said…more


Signs of movement on the lending front

Two banks may enter floorplan field; dealer poll finds some relaxation of retail financing criteria Some shifts in marine lending may be on the horizon — welcome and unwelcome — in an industry that has seen little change since the early days of the recession. Some new players might enter floorplan lending on a regional…more

MIAMI: Speakers say several market segments show promise

MIAMI – “Building Momentum” isn’t just a catch phrase. It genuinely describes where the marine industry stands at the beginning of 2012, according to presentations from officials of GE Capital Distribution Finance and the National Marine Manufacturers Association. Although no one is calling for this year to be record-breaking, there is room for growth, and…more

Survey: Marine lenders expect flat or improved quarter

A recent survey of National Marine Bankers Association members shows that 50 percent of respondents expect business in the first quarter of 2012 to be up from the same period last year and 39 percent predict it will be the same, the group said. The NMBA introduced a quarterly members’ survey in 2011 to gauge…more

VIDEO: The future of marine lending

The state of wholesale financing and what dealers can do to make themselves more attractive to potential lenders were some of the issues discussed by GE Capital’s Bruce VanWagoner and Jim Coburn, of Coburn & Associates, at the recent International BoatBuilders’ Exhibition & Conference. Both said they expect that more lenders will get back into…more

Marine lenders see slow growth in 2012

Marine lenders gathering for the annual National Marine Bankers Association conference described the last year as one of growing interest in loans, with a moderate increase in bookings through the early fall boat show season followed by a stall in mid-to-late October. “This slowdown was likely precipitated by the global financial crisis and a related…more

Doral Marine unveils floorplan financing

Canadian boatbuilder Doral Marine is offering its U.S. and international dealers a new floorplan financing plan with Northstar Trade Finance. “Doral confirmed with Northstar Trade Finance because they are a specialized institution in foreign buyers credit since 1994,” Doral said in a statement. Doral is one of Canada’s largest builders of sport yachts, express cruisers…more

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