SGB Finance North America said it has expanded floorplan financing to Canada. The finance company said it would be available to Canadian dealers selling the Beneteau, Jeanneau, Prestige, Lagoon, and Monte Carlo Yachts brands.
“In the wake of our success in Europe and the US, we are logically expanding SGB Finance’s services into the Canadian market,” said Hervé Bonnet, president and CEO of SGB Finance North America in a statement. “Despite the global economic downturn, recreational boating has remained strong in Canada, where we expect to see tremendous growth opportunities.”
SGB was started in 2009 to promote financing options for the Beneteau Group brands. In March 2010, the wholesale lending program was introduced in the US to all Beneteau brand dealers. A year later, the company offered retail financing to consumers.