One of the major problems in our industry right now is dealers getting financing to pay for the boats they carry in inventory until they get sold. For quite a while Textron and GE were the companies that provided most of this financing. However, Textron just got out of the business, leaving GE as the only major player. Now it looks like GE is tightening up the credit they offer and making things even more difficult for boat dealers. It's pretty scary because, from what I can tell, they're pretty much the only choice out there and if you don't play by their rules (even if they change them mid-game, as it appears they're doing right now), you're kind of screwed.
http://www.tradeonlytoday.com/index.php/home/497051-ge-increases-rates-on-dealers.html
Hybrid Mode
