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Home›Fishing Business›Dozens of Massachusetts country clubs and golf courses have obtained PPP approvals

Dozens of Massachusetts country clubs and golf courses have obtained PPP approvals

By Bridget Becker
March 19, 2021
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Nearly 70 golf courses and country clubs in Massachusetts have been approved for loans of at least $150,000 from the Paycheck Protection Program, according to data from the US Small Business Administration, as some face multiple winds contrary despite an affluent clientele and an ability to offer outdoor recreation in times of social distancing.

While some local country clubs are thriving, others have already been struggling in recent years under a heavy debt burden

and the decline in popularity of golf since the early 2000s. The coronavirus-fueled recession has made matters worse. When households face financial pressures, club dues may be one of the first things cut.

While golf has been allowed for weeks in Massachusetts under the state’s reopening plan, many country clubs and golf courses are missing out on other key revenue streams.

Banquets and private golf events are a cash cow for many clubs, and these have largely been wiped out since the pandemic took hold. Nationally, the average club saw its non-dues revenue decline by 66%, from an average of $446,308 in April 2019 to $150,280 in April 2020, according to a national study by Club Benchmarking, based in Boston, which provides consulting services to country clubs.

The Granite Links Golf Club in Quincy took out a PPP loan of about $1.6 million, which allowed the semi-private course to bring back many of its employees as golfers started hitting the links again, a said Mary Orlando, chief financial officer of parent company Marina Bay. management services.

Still, a significant portion of the club’s cash flow from golf and restaurant sales goes to repay deposits for canceled weddings and other events, according to Orlando.

Some clubs did not have the option of a PPP loan because they are registered as 501(c)7 nonprofit organizations, which are not eligible for PPP loans through the SBA.

According to Joe Abely, director of Club Board Professionals, which advises on country clubs, the divide has created a world of haves and have-nots in the club business.

“How clubs react to this crisis will determine whether they survive in the future,” he said. “These knee-deep in debt clubs are going to struggle in 2021.”

Massachusetts golf course and country club operators that have been approved for PPP loans, as detailed in SBA data released last week, are listed below. Note: The SBA data has come under fire from a handful of companies who say they have not applied for or received a loan, even though the data indicates that they have.

$1-2 million

  • Quarry Hills Associates (Granite Links Golf Club), Quincy
  • Southworth Willowbend LLC (Willowbend), Mashpee

$350,000 to $1 million

  • BCM Country Club LLC, Mattapoisett
  • Black Rock Golf Club LLC, Hingham
  • Ferncroft Holdings LLC, Middleton
  • Four Oaks Country Club Inc., Dracut
  • Greathorse LLC, Hampden
  • Haverhill Golf and Country Club, Haverhill
  • Hopkinton Country Club Inc., Hopkinton
  • Hudson Golf LLC, Hudson
  • Indian Pond Country Club Inc., Kingston
  • Juniper Hill Inc. Golf Course, Northborough
  • Links At Martha’s Vineyard Inc., Oak Bluffs
  • Marshfield Country Club, Marshfield
  • MPLL Holding LLC, Boylston
  • North Shore Golf Club Holdings LLC, Haverhill
  • Sacconnesset Golf Society LLC, Falmouth
  • Springfield CC LLC, West Springfield
  • Sterling Golf Management Inc., Newton
  • Sharon’s Cape Club LLC, Sharon
  • Turner Hill LLC Golf Club, Ipswich

$150,000 to $350,000

  • Acoaxet Club Inc., Westport
  • Assawompsett Golf Company, Lakeville
  • Blackstone National Golf Club LLC, Sutton
  • Brookmeadow Country Club Inc., Guangzhou
  • Cape Cod National Golf Club, LLC, Brewster
  • Country Club Lounges & Restaurant Inc., Marlborough
  • Crestview National LLC, Agawam
  • Crestwood Acquisitions Inc., Rehoboth
  • Crumpin Fox Club Inc., Greenfield
  • Cyprian’s Inc., Boylston
  • Devens Golf Course LLP, Devens
  • Easton Country Club Ltd, South Easton
  • Fall River Country Club, Fall River
  • Far Corner Farm Inc. Golf Course, Boxford
  • Fox Hopyard Golf Club LLC, Greenfield
  • Golf Facilities Management Inc., North Reading
  • Golfscape LLC, Arlington
  • Halifax Investments Inc., Halifax
  • Hickory Hill Golf Course Inc., Methuen
  • Johnson Golf Management Inc., Harwich
  • Kohr LLC, Natick
  • Ledgemont Golf Club Inc., Seekonk
  • Mass Golf Management LLC (Mt. Hood Golf), Melrose
  • Meadowview Tavern Inc. (Blissful Meadows Golf Club), Uxbridge
  • MGC Golf Corp., Methuen
  • New England Country Club LLC, Bellingham
  • New Sandy Burr Inc. (Sandy Burr Country Club), Wayland
  • Olde Farm Golf Club LLC, Southwick
  • Palmer River Golf Club Limited Partnership, Swansea
  • Plymouth Country Club Inc., Plymouth
  • Ridder Farm Inc., East Bridgewater
  • Scituate Country Club Inc., Scituate
  • Scotland Estate, Haverhill
  • Spring Garden Development Corp., Boylston
  • Sr Golf Club LLC, Tewksbury
  • Stockbridge Golf Club, Stockbridge
  • THCB LLC, Rockland
  • The Back Nine Club LLC, Lakeville
  • The Cape Club Inc., East Falmouth
  • Thomson Club Inc., North Reading
  • Trull Brook Golf Course Inc., Tewksbury
  • Wachusett Inc., West Boylston
  • Waverly Oaks Golf Club Inc., Plymouth
  • Weathervane Golf Club LLC, Hingham
  • Wedgewood Country Club of Stow Inc., Stow
  • Wolf Swamp Enterprise LLC, Longmeadow

This article originally appeared in Boston Business Journal’s website.

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