Fiesta Marine inks financing deal - Trade Only Today

Fiesta Marine inks financing deal

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Fiesta Marine Products Inc. and MK Anchor Financial LLC announced a long-term partnership that will bring new inventory financing to the Fiesta Saltwater pontoon dealer network and help expand the Fiesta dealer network.

"We are pleased that this new arrangement with MK Anchor will allow our existing dealers the ability to show and sell from an in-stock position, as well as allow us to reach out to those new dealers who require inventory financing," said Carl Morahan, president of Fiesta Marine.

Fiesta, of Hudson, Fla., is a privately held boatbuilder that focuses on aluminum recreational pontoon boats for saltwater marketplaces. Fiesta Saltwater pontoon boats have been built in the Tampa Bay area since 1978.

MK Anchor Financial was formed last year by a group of equity investors who believe in the growth opportunities in supporting marine recreational dealers with floorplanning services that are dedicated to marketing a niche line, such as Fiesta's Saltwater pontoon boats.

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