A very strong and active board normally is the impetus behind a successful and active club. This involvement from the board indicates a club which is continuing to grow its membership as well as the product offered to the members. A second factor strongly considered by a lender is the management of the club itself. Management would include the club's general manager, membership director, food and beverage director, golf professional, and even the golf course superintendent. A vital element within management is the experience levels of these personnel.
More experience typically equates to a better-managed and better operating club.
The stability of the club's management is also investigated. Past underwritings have proven that clubs with management personnel who have been employed with the club for extended periods of time tend to have an active membership base which is pleased with the operation of the club. This then leads the club to have a membership which contributes to the club and is highly involved in the golf as well as other amenity programs. The answers to this question are numerous. Often clubs utilize the dollars for major capital expenditure items to improve the club.