Comments on: New loan program offers lifeline to struggling boat dealers

By: Three Sheets Crew

Three Sheets Crew — Tue, 07 Jul 2009 22:14:07 +0000

Hi Ruth,

That sounds very frustrating. I know that the National Marine Manufacturers Association is aware of the need to do some outreach to lenders to make them aware of the program and encourage participation. I don’t know where they are with those efforts, but there’s a media call tomorrow with the NMMA that I’ll be participating in and will ask them about a possible list of SBA-approved lenders providing DFP loans, if there is one, and how dealers can best identify banks that are offering these loans.

I’ll let you know what I find out.

Best,
Deborah

Deborah Bach
Editor
Three Sheets Northwest

By: Ruth Tuttle

Ruth Tuttle — Tue, 07 Jul 2009 21:27:36 +0000

I have the same comment as Reana. I’ve just spent another frustrating day on the phone and in email trying to find an SBA lender that will administer this program.

I too have left messages with the SBA and await a reply. Either banks have no clue about his program, or they have no involvement in it.

Any help is appreciated. A lifeline is only useful if it’s attached to something solid.

By: Reana

Reana — Wed, 01 Jul 2009 18:21:59 +0000

*DFB=DFP, Dealer Floor Plan

sorry!

By: Reana

Reana — Wed, 01 Jul 2009 18:21:18 +0000

All the blogs and news sources I’ve been reading keep denoting that you can find a list of SBA approved lenders on the SBA site. You can’t. The SBA guidelines for the DFB 7A indicate that they have more specific requirements and that not all SBA approved lenders necessarily qualify to provide DFB 7A. Can someone find the actual list of DFB 7a lenders??

I have put in calls to the SBA and am still waiting for a call back.