Golf Clubs Finance

How to Finance your Golf Business

Whether this is to fund the purchase of new equipment, to finance the renovation or expansion of a clubhouse, or to be able to offer more flexible membership and subscription options, obtaining a new channel of finance for your golf club could help you elevate your business to new levels.

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What can commercial Golf Finance be used for?

When it comes to finance for a golf business, there is not a one size fits all solution. Golf clubs will have a variety of reasons for wanting to obtain funding, and there is likewise a variety of finance options on the market.

Choosing the right one for your own club’s needs will not only ensure you are securing the finance at the right price, but also one which is flexible enough to grow with your business over time.

Here are just some of the ways commercial finance is commonly used within the golf sector:

• Membership and subscription fee finance – This allows you to offer payment plans to both new and existing customers, providing the ability to split the cost of their yearly membership fee into a series of affordable monthly instalments. This can help both retain existing customers, attract new members, all while helping your own cash flow. Many finance providers will offer this type of finance on a no-risk basis to golf clubs, meaning they will not recoup any of the membership fee from you if members default on their payment plans.
• Golf course and clubhouse development finance – If you are planning an ambitious growth or development project – such as acquiring more land to expand your existing golf course, renovating or building a clubhouse, or even constructing a course from scratch – a significant amount of capital is likely to be required. A development project of this scale goes beyond the purchase of land and materials, with other costs such as planning permission, architect fees, and legal expenses also having to be taken into account. The complexity means traditional high street lenders are often not the best placed to help. At UK Business Finance we work alongside development and commercial property finance specialists and are able to secure the funding you need on terms that work for your golf club.
• Asset financing and equipment leasing – Asset financing makes it easier and more affordable to invest in your golf club even when available capital is low. Assets which can be financed include vehicles such as golf buggies, green and fairways mowers, and irrigation systems, through to soft assets such as clubhouse furnishings, all allowing you to provide a high-quality golfing experience for members and guests. Whether you want to pay for the assets over time, or simply arrange a lease, UK Business Finance can secure you the deal at the right price. It is also possible to refinance assets your golf club already owns, meaning you can extract the value and use this to invest in other areas of your course and facilities.

By talking to a commercial finance expert who is experienced in the golf club industry, will ensure you secure a funding channel which is right for your golf business now and also in the future. We have experience of assisting golf clubs both big and small; whether you are on the Open Rota, or serve a local clientele, we have the expertise to help.

Golf Business Finance Options

Before taking out any form of finance to invest in your golf club, it is important to know the different types of funding which may be open to you. While a standard lump-sum business loan may work for some, for others, a more flexible and scalable channel of funding may be more appropriate. The most popular finance options for golf businesses include:

• Asset finance

Appropriate for those looking to purchase a significant asset such as golf buggies, mowers, aerators, rollers, irrigation systems and verticutters. This type of funding facilitates the purchase of new equipment without needing to have the capital up front. Asset finance encompasses a range of products including hire purchase, leasing, and refinancing. Whichever option is taken, repayments will be made over a series of monthly instalments allowing the cost to be spread over time.

• Cash flow finance

Cash flow finance can be used to help provide an element of certainty and stability to your club’s day-to-day incomings and outgoings. The most popular form of cash flow finance for golf club is membership finance. This gives you access to the full value of a membership following sign-up, while giving the member the option to pay in instalments. You can even arrange this type of finance so that you do not get financially penalised should the member default on their monthly membership direct debit.

• Land and property finance

This can take the form of a traditional commercial mortgage, or a more specialised kind of development finance such as mezzanine funding or bridging loans. The right type of property finance will largely depend on the current state of your golf club and the plans you have in mind for its development. By taking advice from an experienced commercial finance broker, you can ensure that the necessary funds are in place which will see the project through to completion.

How UK Business Finance help those operating in the golf industry

At UK Business Finance, we can harness our experience of commercial funding in the golf industry and call upon our network of specialist lenders across the UK to find the right deal at the right price. Please get in touch to learn more about how we can help.

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