Tag Archives: financing

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 ...

Read More »

Stimulating discussion

With the news this week that the U.S. Small Business Administration will begin an interest-free loan program that provides up to $35,000 for small businesses facing immediate financial hardship, the federal government has taken a step that could offer immediate assistance to many marine businesses around the country. But will it help you, or any of the businesses you know? ...

Read More »

The Beige Book’s outlook

At the Marine Dealer Conference & Expo last November, Brunswick CEO Dusty McCoy said [and I'm paraphrasing here] that while many of the recessions the U.S. economy has endured in the past are V-shaped (the economy drops quickly, bottoms out, then rebounds steeply as well) he expects our current recession will be more U-shaped - meaning we won't experience that ...

Read More »

Pain = gain?

My four-year-old son broke his arm playing in the yard last week. While he was incredibly brave in the hours and days that followed, it has changed him. As the pain has receded, he's begun thinking out loud about how he'll avoid breaking something else, as have his father and I. We want him to go back to having fun ...

Read More »