Recently, a lot of discussions among retailers have been centered around a great concern about floor plan financing for new and pre-owned boats. Over the past six months MRAA has been working with key trade associations and the federal government to learn about government sponsored programs and their potential application to floor planning to help alleviate the tremendous concern on our membership. One of the major programs that would have a direct application to boat dealers is the Small Business Administration's 7 (a) loan program.

Once the word about the SBA 7 (a) loans got to the marketplace, MRAA has heard many inquiries about the program and how it would apply to boat retailers. Working with the NMMA and the National Marine Bankers Association, we are now ready to distribute a FACT SHEET, which we believe addresses many of the questions we have heard.

Please review the Fact Sheet. The program may help your business during these tight credit times. For more information, please contact the SBA at 800-827-5722 or go to the web-site of the National Association of Guaranteed Government Lenders, www.naggl.org

Phil Keeter, MRAA President