SCOTTSDALE, Ariz. - In an effort to give key decision-makers and members of the buying team more flexibility in purchases, golf business solutions provider GolfGM debuted GolfGM Finance in March.
According to GolfGM’s president and CEO Elliot Lewis, industry need drove the creation of the program.
“The golf industry has sorely needed a program like GolfGM Finance,” he said. “The industry’s leading vendors and hundreds of PGA professionals and purchasing managers facilitated the creation of GolfGM Finance. These industry leaders envisioned a financing program that enabled vendors and courses to do more business in a more efficient manner.”
Through the GolfGM Finance program, facilities will be able to finance up to $50,000 in purchases from GolfGM’s participating vendors, which represent more than 40 companies.
In addition, facilities will be able to extend payment terms to up to 150 days.
Lewis said the program will help courses and other facilities from having to make difficult cuts, which are prevalent in this lagging economy.
“Golf professionals and purchasing managers want to increase their purchasing power,” Lewis said. “GolfGM Finance enables facilities to stay current with their vendors and capitalize on off-price purchases when funds are tight.”
One of the main selling points of GolfGM Finance, Lewis said, is the speed and ease with which facilities can sign up and have access to a credit line.
“There is no cost to participate in the GolfGM membership program,” he said. “Within 24 hours, most clubs will increase their purchasing power by up to $50,000.”
To date, more than 500 facilities have registered for the service. Lewis said the company plans to add many more in 2003.
According to GolfGM’s president and CEO Elliot Lewis, industry need drove the creation of the program.
“The golf industry has sorely needed a program like GolfGM Finance,” he said. “The industry’s leading vendors and hundreds of PGA professionals and purchasing managers facilitated the creation of GolfGM Finance. These industry leaders envisioned a financing program that enabled vendors and courses to do more business in a more efficient manner.”
Through the GolfGM Finance program, facilities will be able to finance up to $50,000 in purchases from GolfGM’s participating vendors, which represent more than 40 companies.
In addition, facilities will be able to extend payment terms to up to 150 days.
Lewis said the program will help courses and other facilities from having to make difficult cuts, which are prevalent in this lagging economy.
“Golf professionals and purchasing managers want to increase their purchasing power,” Lewis said. “GolfGM Finance enables facilities to stay current with their vendors and capitalize on off-price purchases when funds are tight.”
One of the main selling points of GolfGM Finance, Lewis said, is the speed and ease with which facilities can sign up and have access to a credit line.
“There is no cost to participate in the GolfGM membership program,” he said. “Within 24 hours, most clubs will increase their purchasing power by up to $50,000.”
To date, more than 500 facilities have registered for the service. Lewis said the company plans to add many more in 2003.
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