When investment group Stellican Ltd. needed to refinance the debt used to purchase boat manufacturer Chris-Craft a few years ago, the leadership team developed exciting plans to take operations to the next level and introduce several new models to the marketplace.
But despite the company’s strong history, Chris-Craft had challenges finding a lender who could see the potential in the company’s vision. That changed when USAmeriBank stepped in to provide the financing needed for the owners to grow the company.
“USAmeriBank was able to think outside the box and recognize, just as we did, that there was great value in the Chris-Craft brand,” said Steve Heese, president and CEO of Chris-Craft. “They also showed great confidence in us as the new leadership team.”