The National Marine Manufacturers Association has succeeded in helping get non-auto floorplan loans included in President Obama’s Term Asset-Backed Securities Lending Facility program.
“The decision to include floorplan loans in TALF is a significant victory for marine manufacturers and dealers,” said NMMA president Thom Dammrich, in a statement. “The thousands of calls and e-mails sent to lawmakers in Washington, D.C., leading up to this announcement is a strong testament to the power of our industry’s collective voice.”
NMMA notes, however, that more work remains to resolve the ongoing problem of credit liquidity and lending constraints.
The Marine Retailers Association of America issued a Dealer Alert this week to encourage retailers to support NMMA’s efforts.