Forums39
Topics38,605
Posts311,861
Members26,557
|
Most Online2,218 Jan 21st, 2020
|
|
26 registered members (bbeach, Kennys, ggffrr11, JeanneB, dMusicb, markis, Alecs, jagmansr, mark37, sxmpete, Jaybird, OceanSong, michaelj, leeboy, Sea_Skyman, SteveH, bostonbob, Leagle49, onlymedication, 7 invisible),
949
guests, and 173
spiders. |
Key:
Admin,
Global Mod,
Mod
|
|
|
Re: Charter boat financing
[Re: bailau]
#235188
09/22/2020 09:07 AM
09/22/2020 09:07 AM
|
Joined: Oct 2009
Posts: 1,658 Memphis, BVI, CT
RatmansWife
Traveler
|
Traveler
Joined: Oct 2009
Posts: 1,658
Memphis, BVI, CT
|
Have you heard of people defaulting on their boat loans? I'm guessing that, with charter companies reneging on their guaranteed contracts, some owners have not been able to make their payments. Then, going forward, there is the risk that some charter companies won't survive the pandemic. Banks may not want that kind of exposure.
|
|
|
Re: Charter boat financing
[Re: RatmansWife]
#235202
09/22/2020 09:59 AM
09/22/2020 09:59 AM
|
Joined: Apr 2002
Posts: 7,034 GA/NC
GeorgeC1
OP
Traveler
|
OP
Traveler
Joined: Apr 2002
Posts: 7,034
GA/NC
|
I agree that it is bad. It may be yet another nail in the charter industry future. If they can’t sell boats you will not have a business. I suspect however as more covid info comes out and some of the irrational fears go away things will improve. A effective Vaccine changes everything! G
Last edited by GeorgeC1; 09/22/2020 09:59 AM.
|
|
|
|