ABA, TCF Inventory Finance, Extend Financing Agreement
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.