Tag Archives: financing

Trident funding celebrates 25 years

Celebrating its 25th anniversary this year, Trident Funding – one of the country’s largest privately owned originators of boat, recreational vehicle, and aircraft loans – said it sees no signs of slowing down. “We had record years in 2019 and 2020, and 2021 will be another.  As people are getting back to travel and recreation, we expect steady growth on ...

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MarineMax expands financing capacity

MarineMax, Inc. (NYSE:HZO), the nation’s largest recreational boat and yacht retailer, announced today that it has expanded its financing facility to provide for borrowings of up to $440 million from the previous limit of $400 million. The expanded facility has a three-year term, expiring in October 2022, and it has two, one-year options to renew, subject to lender approval. Borrowings ...

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Priority One, MRAA partner on webinar

The Marine Retailers Association of the Americas announced Thursday that it is partnering with Priority One Financial Services to host an educational webinar on “What You Need to Know about Credit Bureaus,” for MRAA members. Hosted by Eric Craig, senior dealer account executive of Priority One, this webinar, which will be held Thursday, November 3, at 2 p.m. Eastern, will ...

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The Top 10 F&I profit killers

If you have been reading the industry literature or listening to the "experts," you have almost certainly heard how much your F&I profit center should be contributing to your store's profit – and yet, your results just don't look that way. Why? When you look around at the differences between the highly performing dealerships and the underperforming stores, there are ...

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Marine lenders see third quarter drop in new boat activity

ANNAPOLIS, Md. – The National Marine Lenders Association Snapshot quarterly trending survey for the period ending September 30, 2015 shows the lowest percentage of lenders reporting that more than 50 percent of their third quarter business was loans on new boats since 2013. Only 30 percent of respondents indicated new boat sales counted for more than half their volume in ...

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Wolters Kluwer Financial Services announces new version of AppOne

MINNEAPOLIS – Wolters Kluwer Financial Services announced today a new version of its AppOne indirect loan origination platform for marine, automotive, powersports and recreational vehicle dealers. The latest version enhances the self-service capabilities for dealers to facilitate with financial institutions, integrate third party applications, such as dealer management systems, and take credit applications securely online. “Increasing regulatory oversight on lenders has heightened the ...

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Fit boating into Millennials’ financial framework

In our Reaching New Markets webinar last week, we received a number of insightful questions and comments after panelists Raul Bermudez, Lou Sandoval and Rob Youker finished their presentations. Unfortunately, as always seems to be the case with these discussions, we ran out of time to address every question and comment. However, one comment caught my eye just before we ...

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GE to sell most of GE Capital business

In what the company says is a move to simplify its operations, GE announced Friday that it would be selling the bulk of its GE Capital business. “This is a major step in our strategy to focus GE around its competitive advantages,” GE Chairman and CEO Jeff Immelt said in announcing the sale.  “GE today is a premier industrial and ...

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New SBA rules: What does this mean for your boat dealership?

By Bill Thompson, Cardinal Points Network — Throughout the summer Congress bantered about the Small Business Jobs Act of 2010, touting it as the next brick to rebuilding our economy.  The Act was finally signed into law in late September.  Now the question is what does this mean to a boat dealership? While the boat industry has concentrated discussion around ...

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