MitchCap Collaborates with BIA and BIAV to Strengthen Marine Industry Finance

MitchCap, recognised as Australia's largest leisure boat financier through its extensive partnerships with original equipment manufacturers (OEMs) and dealerships, will spearhead this initiative. The program aims to provide industry members with valuable knowledge, data analytics, and commercial resources to foster growth and resilience within the sector.

A key component of the program includes a fixed annual sponsorship contribution from MitchCap, supplemented by variable contributions for each boat, motor, and trailer financed for members nationwide. These funds are earmarked to support and expand the vital work undertaken by both BIA and BIAV, ensuring the program's success and sustainability.

In recognition of MitchCap's substantial market position and contributions, both BIA and BIAV have endorsed the company as the Preferred Finance Company to the Marine Industry. This endorsement underscores the trust and confidence placed in MitchCap's ability to deliver tailored financial solutions that meet the unique needs of marine businesses.

Andrew Scott, CFO of BIA, highlighted the significance of this partnership, stating, "Given MitchCap's track record of supporting the industry, it's clear they care deeply about the success of their boating customers. They understand the importance of representation, advocacy, and resource sharing across our members, and the role the BIA plays in ensuring this. We are excited to grow our members' businesses alongside MitchCap."

Steve Walker, CEO of BIAV, echoed these sentiments, noting, "BIAV has partnered with MitchCap previously, and we're pleased to extend the partnership nationally for the benefit of members in Victoria and beyond. This new agreement's strategic focus on financial and commercial skills is powerful, particularly in the current cycle and with the changing demographic of boat OEMs and dealerships as the next generation steps up."

Paul Mitchell, CEO of MitchCap, expressed enthusiasm for the expanded collaboration, stating, "After three successful years partnering with BIAV, we've redefined our industry contribution beyond sponsorship, based on member feedback. We're thrilled to take the program national with the BIA and proud to be the Official Finance Company of the Marine Industry across Australia."

Beyond financial support, MitchCap is committed to investing in education for BIA and BIAV members. The National Marine Industry Financial Awareness and Development Program will offer webinars, data insights, and on-the-ground advice covering topics such as:

• Properly valuing a business for sale
• Managing fixed costs and improving margins
• Understanding finance options for dealerships and customers
• Managing risks in foreign exchange, imports, pricing, and cyclical demand

By improving financial literacy across the industry, the program aims to build stronger, more resilient businesses capable of thriving in the long term.

As the exclusive preferred Floorplan Financier of the Australian Boating Industry, MitchCap will provide tailored floorplan and distribution finance designed for marine dealerships. Additionally, the company will support members with market insights and data-driven decision-making, maintain a visible presence at flagship events like the Melbourne and Sydney Boat Shows, and actively participate in BIA and BIAV board meetings.

This partnership represents a true investment in the people, businesses, and associations shaping Australia's marine future. Dealers will gain the flexibility to stock more without locking up working capital, OEMs will benefit from smoother distribution and faster product flow, and associations will receive funding to continue their advocacy and member support.

MitchCap's commitment to funding growth, sharing knowledge, and ensuring the Australian marine industry has the financial tools and confidence to chart a stronger course is evident in this initiative. For more information about the program or marine finance solutions, interested parties are encouraged to contact the MitchCap team.