Skip to main content

American Boatbuilders Association signs financing deal

TCF Inventory Finance announced that it extended its financing agreement with the American Boatbuilders Association.

Under the agreement, TCF Inventory Finance will continue to be a preferred lender to the 12 boatbuilder members of the association through model-year 2015.

“The members of ABA will continue to offer their dealers a choice in inventory finance,” ABA president Jay Patton said in a statement. “Extending our agreement with TCF Inventory Finance demonstrates to our members and their dealers that our agreement has been — and will continue to be — a benefit to everyone involved.”

ABA members include:

• Chaparral Boats Inc.

• Cobalt Boats LLC

• Grady-White Boats Inc.

• Monterey Boats/Seabring Marine Industries Inc.

• Nautic Global Group Inc. (Rinker, Godfrey, Polar Kraft, Parti Kraft, Hurricane)

• Nautique Boat Co.

• Regal Marine Industries

• Robalo Boats LLC

• Stingray Boat Co.

“We are thrilled to extend our relationship with ABA,” TCF Inventory Finance president and CEO Ross Perrelli said. “As a preferred lender, we remain dedicated to providing ABA members with exceptional customer service, products and programs that will help their businesses continue to grow.”

Related

1_WHALESACTION

NMMA: Proposed Speed Rule an ‘Existential Threat’ to Industry

The association is calling on every marine brand, employee and boat owner to file public comment by Oct. 31 over a sweeping regulation to protect North Atlantic right whales.

1_AXOPAR

Axopar and Nimbus Renew Agreement

The boatbuilders have entered an agreement whereby Nimbus Group will retain exclusive rights to sell Axopar boats on the Swedish market.

1_IAN

Hurricane Ian Leaves Devastation in Florida

The storm left a wide swath of destruction, heavily impacting marine interests from Tampa Bay to Marco Island.

Norm

Email Is Your Ticket to Holiday Sales

Developing an effective email campaign can bolster sales and help fill winter coffers at your dealership.

1_NMRA

NMRA Presents Annual Awards

Edson CEO Will Keene and ComMar Sales president Tim Conroy were recognized for their contributions to the marine industry.

1_ PULSE.PING.2

DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.

1_EPROPULSION

EPropulsion, Mack Boring Partner with Crest

Pontoon builder Crest will use an ePropulsion Navy 3.0 Evo electric outboard motor and an E175 battery for its 2023 Current model.

1_BENETEAU

Beneteau Reports Significant H122 Growth

The company reported that its revenue grew 8.6 percent and income increased by 30 percent during the first half of 2022.