There are now many more ways to raise unsecured business finance than ever before. With so many differing alternative funding options available getting a golf club business loan has never been easier.
A cash advance is the perfect golf club business loan
Why? Well, a golf club takes payments from customers on a daily basis, whether it is booking a round of golf, paying for membership fees, buying golf equipment form the pro shop, buying drinks and meals at the club bar and so on.
These credit and debit card sales can unlock a unique way to find the finance your business needs. Whether you are looking to develop the club house and restaurant, buy more stock for the golf club shop, invest in the course development or just need cashflow a merchant cash advance is the perfect unsecured business loan product.
A business cash advance works by repaying the loan amount as and when you make sales via customer credit and debit cards. So when a customer buys a product from the golf shop a percentage is automatically repaid when the sale goes through.
This type of funding clearly has advantages. Golf, as we know, is seasonal with many more players hitting the golf course from Spring to the end of September than Autumn through Winter. Sales across this period will dip of course. The beauty about a cash advance is that you only repay when you make sales. So, when sales are low out of season then you repay less.
The business loan is also unsecured which means you don’t need to secure a personal or business asset against the loan value. There are no hidden fees or charges and the setup arrangement is free. Apply today on behalf of your club and we will be delighted to help your golf club with the funding it needs.