ABA, TCF Inventory Finance, Extend Financing Agreement

MarineLink.com
Monday, December 16, 2013
TCFIF logo

TCF Inventory Finance, Inc. inform it has extended its financing agreement with American Boatbuilders Association, Inc. (ABA). Under the agreement, TCFIF will continue to be a preferred lender to the 12 boat manufacturers that are members of ABA through model year 2015.

“The members of ABA will continue to offer their dealers a choice in inventory finance,” stated Jay Patton, President of ABA. “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.”

TCFIF says it has a strong commitment to the marine industry and provides financing to the following ABA members:
    •    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,” said Ross Perrelli, President and Chief Executive Officer of TCFIF. “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.”

About American Boatbuilders Association
Based in Marietta, GA, American Boatbuilders Association is a coalition of 12 leading independent U.S. boat manufacturers. ABA member companies have approximately 5,000 employees in the U.S., with 15 facilities in nine states. They produce more than 15% of all the boats greater than 16' built in America.

http://www.ababoats.com/
www.tcfif.com

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Oil is on the Rise

Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Yachts

US Obamacare Impacts the Global Marine Industry

The Affordable Care Act (ACA), otherwise known as Obamacare, the recent healthcare plan in the United States, is affecting the international superyacht industry,

Even 'Small' Vessels are Getting Bigger

The Shipowners’ Club is a mutual provider of P&I insurance that has throughout its 160 year history been dedicated to serving owners of small and specialist ships.

 
 
Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2098 sec (5 req/sec)