SailTime announced a new strategic alliance with marine financing specialists LH-Finance. The partnership allows customers to finance their purchases of boats from SailTime dealers using consumer loans issued by LH-Finance.
“The vision to create this strategic alliance is a much-anticipated partnership for both LH-Finance and SailTime,” Herve Bonnet, LH-Finance’s CEO, said. “This will categorically advance LH-Finance to a leader in the highly coveted market sector of marine retail lending.”
LH-Finance, also referred to as L’Hermione Finance, the Marine division of United Bank of Glastonbury, Connecticut (Member FDIC), offers both retail solutions to customers and wholesale financing to dealers and boat manufacturers. Headquartered in Baltimore, Md., SailTim says LH-Finance is positioned to provide exceptional customer service through a combination of strong partnerships with premium multinational brands, industry expertise, innovative products and competitive rates.
“The partnership with LH-Finance is a critical component to SailTime’s Yacht Ownership Program, providing our clients with a turnkey financing option that makes the boat purchase process simple and straightforward,” said SailTime CEO Todd Hess.
For more information, visit SailTime.com.