New Marine Floor Plan Financing Lender Enters Canadian Market

Baltimore, MD-based SGB Finance North America, Inc. has announced that its marine floor plan financing is now available in Canada. 

The preferred program, prepared jointly by SGB Finance North America and the Beneteau Group North America, is available immediately to all Canadian dealers representing the Group's brands of leisure boats including Beneteau, Jeanneau, Prestige, Lagoon and Monte Carlo Yachts.

"In the wake of our success in Europe and the US, we are logically expanding SGB Finance's services into the Canadian market,' explained Hervé Bonnet, President and CEO of SGB Finance North America. "Despite the global economic downturn, recreational boating has remained strong in Canada, where we expect to see tremendous growth opportunities.'

SGB Finance North America was established at the end of 2009 with the purpose of promoting financing options for the Beneteau Group brands. In March 2010, the wholesale lending program was introduced in the US to all dealers representing Beneteau Group brands; followed that same year by the retail-financing program.

"SGB Finance North America already provides an invaluable competitive advantage to our dealer network with the favorable floor plan terms established in the US,' said Emmanuel Arri, Vice President of Finance and Administration for Beneteau Group North America. "Being able to offer this unmatched floor plan program to our Canadian dealers will be a decisive asset as the Beneteau Group continues to growth in North America.'