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.