SGB Finance

SGB Finance is a commercial brand used by Compagnie Générale de Location d’Équipements (CGL), the consumer and equipment finance subsidiary of Société Générale, operated in partnership with Groupe Beneteau to distribute marine leisure finance through the Beneteau/Jeanneau/Lagoon dealer network in France and selected European markets; it is not a deposit-taking bank and does not provide current accounts or payment services. The offer focuses on boat purchase financing for individuals and professionals, typically via amortizing loans and lease-with-option-to-purchase (LOA) structures for new and used vessels, with optional borrower and boat insurance; pricing is provided case by case based on profile, vessel, amount and term, and may include origination and documentation fees, registration costs (including potential maritime collateral formalities for higher-value units), and charges for late payment; early repayment is generally possible, with indemnities applied within applicable legal caps, while early termination of LOA can trigger specific fees defined in the contract. Distribution is primarily through the manufacturer’s dealer network, supported by online simulators and electronic document submission; funds are usually disbursed to the dealer upon fulfillment of conditions precedent, and servicing is handled by the lender and the dealer interface rather than a branch network. Eligibility follows standard credit underwriting (identity and residency checks, proof of income, assessment of indebtedness, vessel specifications and age limits); deposits are common, terms are tailored to the asset and risk profile, and comprehensive insurance on the vessel is typically required throughout the financing period; under LOA, title remains with the lessor until the option is exercised, and repossession can occur in the event of default. CGL is authorized and supervised in France as a credit institution by the ACPR, and insurance intermediation linked to these credits is carried out under the relevant registration framework; personal data processing follows GDPR requirements. The product set is targeted at boat purchases within the partner network, so availability, documentation standards, and service levels depend on the dealer channel; there is no day-to-day banking app or card functionality, and customers comparing options should review APR, total cost over the chosen term, fees, collateral requirements, and contractual conditions against marine-finance peers and generalist lenders.