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.
Terms will run through 2022.
The National Marine Lenders Association’s 2019 study reports strong loan business last year, with boat loan delinquencies below 1 percent for the seventh straight year.
The National Marine Lenders Association will hold its 38th annual Lenders Conference from Sunday through Tuesday.
Jeanneau and Fountaine Pajot dealer Atlantic Cruising Yachts said it has an enhanced partnership with marine financing solutions provider LH-Finance.
Priority One Financial Services said Jason Edwards moved into the company’s equipment finance division.
Priority One Financial Services said Tom Newell moved into the company’s equipment finance division.
Jim Coburn is the managing partner of Coburn and Associates, a Michigan-based financial services consulting firm he founded in 2010.
Jeanneau/Prestige Yachts is partnering with LH-Finance.
Northpoint Commercial Finance said it developed a relationship with Plantation Boat Mart in Florida.
LH-Finance announced an enhanced partnership with Dufour Yachts.
After spending 20-plus years working her way up the corporate ladder at Maryland National Bank, Karen Trostle decided she could start her own marine loan origination company.