NMBA survey shows credit loosening

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A recent survey by the National Marine Bankers Association shows all respondents to a second-quarter survey indicated that lending criteria (credit history, asset/net worth, debt ratio, income, collateral and other lender requirements) are the same or even less stringent than in the prior quarter.

Eighty-five percent of respondents indicated that the dollar volume of loans booked in the second quarter of 2011 was up from the same period last year. Asked about their outlook for the third quarter, 85 percent indicated that they expect business to be the same or increase from the same period in 2010.

Eighty-three percent of respondents believe financing is more readily available this year than last year as lenders reported losing transactions because of the borrower’s ability to get more favorable financing and terms elsewhere.

Association members include financial institutions such as commercial banks, private financing firms, savings and loan companies and credit unions.


Connecticut spring show adds charity benefit

The Connecticut Spring Boat Show will be held Friday May 4 through Sunday, May 6, at Brewer Essex Island Marina in Essex, Conn., and this year will be the first time that admission fees will benefit the charity SailsUP4Cancer

Cobalt’s first 23-foot outboard model unveiled

Cobalt Boats introduced its first 23-foot outboard, the Model 23SC, to offer first-time buyers and occasional boaters seeking higher quality and reliability the same level of construction, performance and attention to detail offered in its larger boats.

AIM announces new hires

Catapult Creative Labs, the internal marketing communications agency of Active Interest Media, has hired Andrea Kupfer as vice president, account executive and Christina Erb LoVullo as creative services director. Kupfer will lead Catapult’s long-term sales growth and profitability and Erb LoVullo will oversee marketing and creative services.