Floorplan financing for Fountain dealer network

Author:
Updated:
Original:

Liberty Associates announced a new floorplan financing program for the Fountain Powerboats' dealer network.

Liberty's affiliate finance company, Palmetto Park Financial, will offer up to $5 million in financing to dealers.

"In our continuing efforts to support the Fountain and Baja brands, the Liberty team feels this is an important step to allow our dealers to have current model-year product on location to better serve their customer base," said Bill Gates, CEO of Liberty and chairman of Fountain Powerboats, in a statement.

Reggie Fountain, president of the company said in a statement, "In the past 12 months, over 255 new Fountain boats have been sold to retail customers and therefore we have seen a dramatic decline in our field inventory levels as retail sales demand has outpaced new boat production."

Related

Patrick Acquires SeaDek Parent

The Indiana-based company continues its strategy of growth through acquisitions.

BoatUS, USPS Resume Safety Checks

The groups are offering the service during safety events, or boaters can conduct the inspection using an online guide.

Stepping Up the Pace of Relief

A positive jobs report, 3 million vaccinations per day and consumer confidence point toward economic recovery.

Freedom Boat Club Buys N.Y. Franchise

The latest acquisition is Brunswick’s sixth corporate-owned Freedom operation in the United States.

In-Person NMEA Conference Announced

The electronics conference, in conjunction with the Radio Technical Commission for Maritime Services, is scheduled for Sept. 20-24 in Orlando, Fla.

Vesper Appoints U.S.-based Manager

Damien Frye will drive sales of the New Zealand-based company’s Cortex product line.

Groupe Beneteau Sells CNB

As part of the conglomerate’s realignment, the Groupe has inked an agreement with Italian yard Solaris to purchase the bluewater sailing brand.