This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

GE Capital Extends Financing Program For Independent Boat Builders Group Through 2016

GE Capital’s Commercial Distribution Finance (CDF) business announced today that it has extended its relationship with the American Boat Builders Association (ABA), a major buying group for independent boat builders in the U.S.

GE Capital has been a preferred lender to ABA’s members since the organization’s inception in 1992.

“GE Capital has been far more than a lender to our members,” said Jay Patton, its president. “Over the years, this relationship has also brought tremendous value through their Access GE program, which shares insights that help our members run their businesses. We look forward to GE Capital’s continued engagement.”

The ABA’s board of directors has extended the agreement designating GE Capital a preferred inventory financing provider to its members through model year 2016. Those members, and their brands, are as follows:

  • Chaparral Boats, Inc.,
  • Cobalt Boats, LLC,
  • Grady White Boats, Inc.,
  • Nautic Global Group, Inc. (Rinker, Hurricane, Sanpan, Sweetwater, Aquapatio, PolarKraft, Partikraft),
  • Nautique Boat Co.,
  • Porter, Inc. (Formula, Thunderbird),
  • Regal Marine Industries, Inc.,
  • Robalo Boats, LLC,
  • Seabring Marine Industries, Inc. (Monterey),
  • S2 Yachts, Inc. (Tiara, Pursuit) and
  • Stingray Boat Co.

“We highly value our relationship with the ABA and we’re thrilled to continue to be a preferred lender,” said Bruce Van Wagoner, president of CDF’s Marine Group. “We’ll continue to share knowledge and industry data through our dedicated team of experts as well as programs like Access GE to help with their continued success.”

For more than 50 years and through all business and economic cycles, CDF has offered customer-centric floorplan financing programs that enable marine dealers to stock a broad selection of new and pre-owned products. Floorplan financing, also known as inventory financing, is an important element of a successful manufacturer-dealer business model as manufacturers and distributors benefit from enhanced product flow and increased sales opportunities, and dealers obtain improved terms and credit availability.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs