National Marine Lenders Association

We make boating affordable!



Dear NMLA members and industry associates.

2020 was unlike anything any of us have ever witnessed. The uncertainty surrounding the COVID virus, the transition from going into the office to working from home, all coupled with record breaking marine and RV sales and loan volume, has stressed each and every one of us in one way or another. Many boat shows were cancelled,  dealers and manufacturers have had to rethink sales and marketing techniques, and any inventory that is still available is selling for more than previous market values, therefore creating collateral valuation challenges.

All indications reflect that both boat sales and loan volume hit record highs this past summer and into fall, a period when an estimated 30% of our lenders were working from home. It appears volume may have started to slow over recent weeks, giving many a chance to just simply catch their breath while allowing dealers and manufacturers the opportunity to replenish inventory.

If there is anything the NMLA can do to assist you or your team, please don’t hesitate to contact us via email at or call (410) 980-1401. For now, let’s all join together and do everything we can to keep our families, friends, co-workers, neighbors and communities safe. We’re all in this together, even if we can’t be together.

John Haymond, President



PRESIDENT - John Haymond, Medallion Bank

VICE PRESIDENT - Robert P. Dunford, Trident Funding LLC

SECRETARY - Noelle Norvell, Luxury Financial Group

TREASURER.- William Otto, Lake Effect Financial Services



Welcome to the National Marine Lenders Association

The National Marine Lenders Association (NMLA) was formed in 1979 by founding directors Bill Otto, Jackie Forese, and the late Don Mattocks. It was created, and continues today, to educate current and prospective lenders in marine financing procedures, promote the extension of credit to consumer and trade borrowers, maintain alliances with industry partners, measure and report on the vitality of the marine lending market, and actively maintain networking and communication benefits for its members.

The National Marine Lenders Association is made up of banks, loan origination companies (service companies), finance companies, credit unions and other industry professionals. For visitors to this website in search of financing options, please select the FOR BOAT BUYERS tab at the top of this screen. If you are involved in marine lending and interested in becoming a member of the NMLA, please select the JOIN THE NMLA tab for additional information and an application. 

Thank you for visiting this website. For additional information, please feel free to contact us at (410) 980-1401 or via email at




Newburyport Bank (Newburyport, MA)


All of our sponsor companies - banks, financial services providers, dealers, title and USCG documentation companies, marine surveyors, marine insurance companies, recovery/liquidators, maritime attorneys, and technology service providers, are involved in the marine industry. So, whether you are a current NMLA member, an industry affiliate, a boat dealer/broker, or a boat buyer, NMLA sponsors are the businesses you should be working with. 

It is our pleasure to provide you with the contract information of our sponsor companies as well as a brief description of the services each one offersPlease visit our “SPONSOR LINKS” tab at the top of this webpage.