Comments on: Recalling Thomas Paine’s lasting words: These are the times that try men’s souls http://bensherwood.net/index.php/recalling-thomas-paine/ Thoughtful commentary on issues facing the marine industry Tue, 17 Aug 2010 13:44:07 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Ben H. Sherwood http://bensherwood.net/index.php/recalling-thomas-paine/comment-page-1/#comment-79 Ben H. Sherwood Sat, 19 Sep 2009 14:50:02 +0000 http://bensherwood.net/blog/?p=3#comment-79 Pete: I know it is tough out there in the trenches. And I know banks have all tightened up considerably on floor plans. Hopefully winter boat shows will generate some sales and kick start business for 2010. The trick is to hang in there until spring. Ben Pete:

I know it is tough out there in the trenches. And I know banks have all tightened up considerably on floor plans. Hopefully winter boat shows will generate some sales and kick start business for 2010. The trick is to hang in there until spring.

Ben

]]> By: Pete Pfankuch http://bensherwood.net/index.php/recalling-thomas-paine/comment-page-1/#comment-76 Pete Pfankuch Fri, 18 Sep 2009 00:35:50 +0000 http://bensherwood.net/blog/?p=3#comment-76 I hear that a big floor planning company raised its interest rates a bunch. I also heard that banks have a strong reluctance to finance boat inventory. Most banks do not understand the marine industry and big dealers going bankrupt have not helped the situation. Smaller local banks are easier to educate but don't expect easy going with the economy being as strange as it is. I'm still getting lots of shoppers but many buyers are waiting until spring . . . . . . I hear that a big floor planning company raised its interest rates a bunch. I also heard that banks have a strong reluctance to finance boat inventory. Most banks do not understand the marine industry and big dealers going bankrupt have not helped the situation. Smaller local banks are easier to educate but don’t expect easy going with the economy being as strange as it is.

I’m still getting lots of shoppers but many buyers are waiting until spring . . . . . .

]]> By: Russ Rainey http://bensherwood.net/index.php/recalling-thomas-paine/comment-page-1/#comment-3 Russ Rainey Thu, 16 Jul 2009 13:48:21 +0000 http://bensherwood.net/blog/?p=3#comment-3 So far all the banks doing SBA loans that I have went to for floorplaning have said no they dont do floorplaning . So any one no something that I dont .What the goverment says and what is true seems not to be . Please HELP me understand why the banks are still saying no . I know that the banks dont undrerstand floorplaning thats why they are saying no but why is the goverment saying the banks will when they wont. Please respond for I am confused So far all the banks doing SBA loans that I have went to for floorplaning have said no they dont do floorplaning . So any one no something that I dont .What the goverment says and what is true seems not to be . Please HELP me understand why the banks are still saying no . I know that the banks dont undrerstand floorplaning thats why they are saying no but why is the goverment saying the banks will when they wont. Please respond for I am confused

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