Many associations are working with credit unions
Monday, September 28th, 2009Lending institutions across America are allowing for part of the lending answers for the RV industry. More than eight thousand banks spread across this great land, representing an enormous prospective as a source of money for buying a motorhome.My partner just bought and financed a new vacation home at 6.0% and it merely took a few moments to qualify for the loan. More sources for a loan is smaller credit unions, which look to have staved off many of the financial problems that big corporate banks found themselves in.The Fifth Wheels industry and many associations are working with credit unions to offer both retail & wholesale financing, which is desperately required. Based on my sources within the industry dealers are seeing a thirty percent increase in gross revenues compared to 2008. But one of the main problems for RV dealers is securing a good flooring source to buy more stock.