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Delta Marine Addresses Financing

Find this in the Making Waves section of our digital edition.

The current credit crunch is real and has had a tangible effect on the boating business from builders, dealers and to the end users, in all segments. Major boat companies, such as Azimut-Benetti and J&D Acquisitions, owners of the Marquis and Carver brands, have sought creative ways to resolve the issues of financing for their shipyards, boat dealers and even owners, who do not necessarily wish to tie up their liquidities if they can finance their dream yacht. Late last year Delta Marine announced a new partnership with SG Private Wealth Advisors, a company that specializes in credit solutions for high-net-worth clients. The California-based company relies on a broad network of financial institutions and tailors financial packages to the needs of its customers. Delta has used the company’s services to obtain financing for a 164-foot (50-meter) yacht currently under construction at its Seattle-based yard. “We are excited by the prospects of this new strategic partnership with them,” said Jack Jones, vice president of Delta Marine. “[They give] those looking to finance their Delta vessel a valuable and discreet option.”

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