Skip to main content

SGB Finance adds North America to marine market

SGB Finance North America announced its plans to enter the retail and floorplan marine finance market in the United States.

SGB Finance North America is the wholly owned subsidiary company of SGB Finance S.A. France, a finance company with more than 10 years of experience in boat financing. SGB Finance S.A. France, through its exclusive partnership with the Beneteau Group, offers retail and wholesale marine financing solutions to about 250 distributors in Europe.

"We are continuing the SGB Finance expansion, due to the success we had in Europe. SGB Finance North America was created in the fourth quarter of 2009 in order to promote and create financing options for the Beneteau Group brand," said Hervé Bonnet, president and CEO of SGB Finance North America, in a statement.

"We started the wholesale lending program for the Beneteau Group dealers in March 2010 and are now introducing the retail financing program," he added.

SGB Finance North America is based in Baltimore.

Related

CRUISERS

Industry Mourns Cruisers Yachts Owner

K.C. Stock, who was 84, was known for his “commitment to the employees at Cruisers Yachts.”

GRANDBANKS

Grand Banks Purchases Florida Property

The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.

LIMESTONE-Q3

Limestone Boat Co. Posts Q3 Results

Unit production was down compared with the second quarter, and revenues decreased 33%.

SIREN-YAMAHA

Yamaha Dealers Now Carry Siren Systems

Siren Marine’s “Connected Boat” technology can be purchased and installed at more than 2,100 Yamaha outboard dealers.

Northpoint

Northpoint Expands Marine Presence

Northpoint Commercial Finance has partnered with Elite Recreational Finance to offer retail financing.

BRP

BRP Reports 71% Increase in Q3 Revenues

The Sea-Doo manufacturer had total revenue of $2.7 billion, but North American marine retail sales were down 47%.

Airmar

Airmar Announces Training Dates

Certified Installer and SmartBoat system classes are being held this month in New Jersey and next year in New Hampshire.

Norm

The Survey Says …

Surveying customers to find out what they think about your business has never been more important.

1_MDI

Marine Development Inc. Changes Hands

Mick Webber, the former president/CEO and owner of HydroHoist, has purchased the company from its founders.