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.

2010 forecast: Consumers will save before spending

As the economy recovers, expect a new consumer to emerge, one who is value-conscious, savings-minded and wary of debt. That was Gina Martin Adams’ forecast of consumer attitudes Nov. 10 at the National Marine Bankers Association Annual Conference in Hilton Head, S.C. The Wells Fargo Securities economist said these are American consumers not seen since…more

NMMA president addresses NMBA conference

For those who look for them, signs of an economic recovery are emerging from the fog, but that recovery is likely to be slow and this winter could be a tough one for many builders and dealers. “Gross domestic product grew at an annualized rate of 3.5 percent in the third quarter,” said Thom Dammrich,…more

Brunswick CEO addresses NMBA conference

“Whoever’s got cash is ultimately going to be the winner.” That’s the first rule for surviving these troubled times, and it has been the principal focus of Brunswick Corp.’s strategy for coming out of this recession whole, said Dustan E. McCoy, Brunswick chairman and CEO in his keynote address Monday at the National Marine Bankers…more

NMBA conference under way in South Carolina

The 30th annual National Marine Bankers Association conference started Sunday in Hilton Head, S.C. Brunswick Corp. chairman and CEO Dustan McCoy is scheduled to give the keynote address at the event. McCoy will discuss his views on when and how the marine business will recover. His presentation will correspond with the various business sessions focusing…more

Man sentenced for fraudulent boat loans

A Michigan man was sentenced to 12 years in prison after pleading guilty to fraud and other charges for taking out millions of dollars in loans for boats he never bought. Michael Vorce was sentenced last week on charges of bank fraud, money laundering and income tax offenses. He admitted to multiple criminal violations, including…more

Brunswick CEO to keynote banker’s convention

Brunswick Corp. chairman and CEO Dustan McCoy will give the keynote address in November at the 30th annual Marine Lending Conference. Produced by the National Marine Bankers Association, the conference will be held Nov. 8-11 at the Westin Hilton Head Island Resort & Spa in Hilton Head, S.C. McCoy will discuss his views on when…more

N.Y. dealer to testify in front of Congress

New York boat dealer David Bofill will testify this afternoon before the House Committee on Small Business on “Laying the Groundwork for Economic Recovery: Expanding Small Business Access to Capital.” Speaking on behalf of his company, Dave Bofill Marine Inc., and the National Marine Manufacturers Association, Bofill will discuss the impact the current credit crisis…more

Stress test: Banks need to raise $74.6 billion

The federal government ordered 10 of the nation’s biggest banks to raise a combined $74.6 billion in capital as a cushion, after stress-test results showed potential losses of up to $599 billion through the end of next year if the economy performs worse than expected. The Federal Reserve’s worst-case estimates of total losses and capital…more

Government expands small-business loans

The Small Business Administration has moved toward making more credit available to marine dealers by announcing an increase in the eligibility of its 7(a) guaranteed loans. Starting this week, the SBA will adopt a change in its size standard for 7(a) loans, allowing a small business to qualify based on net worth and average income.…more

NMBA: lending potential could be high after recovery

The National Marine Bankers Association published a white paper outlining the opportunities for lenders once the industry recovers from the downturn. Produced in conjunction with the National Marine Manufacturers Association, the white paper reports that the upside potential for banks and other credit providers may be higher than previous recoveries, since many lenders were forced…more

1 6 7 8 9 10

Vote Today

What are your expectations for the spring and summer selling season?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price