Updated:
Original:

New financing offered for Beneteau dealers in Canada

SGB Finance North America Inc. announced that floorplan financing is now available to Canadian dealers representing Beneteau Group North America's brands.

The program, prepared jointly by SGB Finance North America and the Beneteau Group North America, is available immediately to Canadian dealers representing Beneteau, Jeanneau, Prestige, Lagoon and Monte Carlo.

“In the wake of our success in Europe and the U.S., we are logically expanding SGB Finance’s services into the Canadian market,” SGB Finance North America president and CEO Hervé Bonnet said in a statement. “Despite the global economic downturn, recreational boating has remained strong in Canada, where we expect to see tremendous growth opportunities.”

Baltimore-based SGB Finance North America was created in 2009 to provide financing options for the Beneteau Group. In March 2010, the wholesale lending program was introduced in the United States to all dealers representing the group’s brands, followed by the retail financing program that same year.

“SGB Finance North America already provides an invaluable competitive advantage to our dealer network with the favorable floorplan terms established in the U.S.,” Beneteau Group North America vice president of finance and administration Emmanuel Arri said in a statement. “Being able to offer this unmatched floorplan program to our Canadian dealers will be a decisive asset as the Beneteau Group continues to growth in North America.”

Related

Year-End Strategies to Rev Up Your Marketing Machine

Get in the marketing fast lane going into 2022.

A Cautious Outlook

Consumer confidence dipped as pandemic deaths rose.

The Dirty Dozen

Bill Yeargin names 12 mistakes that hold back leaders.

Where We’ve Been, Where We’re Headed

Recreational boating is winning, but we must work to ensure our continued success

Change or Die

Sustaining one’s place in the market is a tender trap.

Seeing the Light

Electronic distress signaling devices, an alternative to flares.

Going Electric

Yamaha’s Harmo e-propulsion debuts in the U.S.

Predicting the Unpredictable

How to prepare your dealership for whatever 2022 brings

Q&A with Tom Slikkers

Tiara Yachts president and CEO Tom Slikkers and his brother David talk boats.