MRAA Blog

Answers to More of Your PPP Questions

If you’re a marine dealer based in the United States, you’re likely one of the 90 percent of dealerships that have applied for a Paycheck Protection Program (PPP) loan offered by the U.S. Small Business Administration (SBA).     The question on many dealers’ minds is: So, what now?   Many of you who have applied […]

Help MRAA Support our Industry

As businesses across our industry fight to navigate the landscape of federal stimulus packages, there’s an untold story you should be aware of.   That is that the organizations the government designates to support their respective industries — which in this case means almost every single one of the marine trade associations you know today […]

“Way more interest in boats” dealers report

  In a news cycle that’s heavy with bad news, it’s important to underscore the positive things happening around the marine industry. And there’s a lot to take note of, so I thought I’d spend some time sharing what we’re hearing.   Little by little, politicians are noting the importance of outdoor recreation in today’s […]

Dealers need more relief

As the CARES Act stimulus program was running out of money last week, nearly 60 percent of the boat dealers that responded to MRAA’s research reported that they had applied but had yet to receive their funds.   As noted in an early-April survey, close to 90 percent of boat dealers had already applied or […]

5 Critical Issues Dealers Face Today

  Over the course of the last month, MRAA has been in touch with thousands of dealers, through one-to-one contacts and surveys that are keeping the pulse of their businesses throughout today’s market place. It became clear in week one that the top concern on their minds was their cash flow. It makes sense — […]

Re-Start With Your Why

  I’ve spoken at numerous events over the last few years telling the story of how author Simon Sinek’s “Start With Why” has impacted me, our team and our overall business here at the MRAA. The bulk of the message in this book, aside from the guide to creating your own “why statement” is that […]

Can your SBA loan be used for floor plan expenses?

In our work with dealers over the last few months, the two biggest concerns they’ve had surrounding their cash flow challenges are, as one could imagine, their two largest expense categories: their people and their floor plan expenses.   With the stimulus package loan proceeds beginning to refill dealership bank accounts, it’s clear that the […]