The birds are chirping, the sun is shining and the fairways are trimmed. It’s definitely golf season at the Links at Outlook.
The South Berwick, Maine golf course, country club and wedding/event facility has been a fixture in the town of 7,220. It’s a destination course for tourists and locals alike, and the facility is—if I may offer an opinion—mighty impressive. Matt Sullivan and I took the 20 minute drive out from Direct Capital’s homebase in Portsmouth to talk to General Manager John Flynn, who was preparing for what promised to be an extremely busy Friday when the course opened for the year.
Managing an 18 hole course, a pro shop, a restaurant and a facility that can hold 225 members of a wedding party and guests is no easy matter, and the place was packed with workers when Matt and I visited. For Flynn, financing with Direct Capital is a good way to get the equipment he needs quickly and keep his cashflow intact.
Working with Direct Capital since the 1990’s, Flynn has purchased industrial stoves for his facility with help from equipment leasing. He’s also used furniture, fixture and equipment leasing (FF&E), a lease type which allowed him to obtain new chandeliers and furniture for The Red Barn. With Finance Manager David Woodhouse, Flynn said he has been able to secure financing for all of that and more, and that the new equipment has allowed him to be more efficient.
“I go to Direct Capital for all the stuff that I can lease,” Flynn said, who typically uses operating leases with $1 buy-outs when working with the company. Those buyouts allow him to own all his equipment outright at the end of the lease without making a major settlement payment or giving it back to the Direct Capital.
The proof of how this financing has helped the company grow can be seen everywhere in the facility, from the clean and modern kitchen to the stunningly appointed The Red Barn, with its polished wooden floors and cheerful chandeliers. Flynn spoke of continued growth in the months and years ahead, as well, owing to a strong customer base and the club’s commitment to quality.
Flynn said he values the existing relationship with Direct Capital and the way it has allowed him to expand his popular business as needed.
“It’s pretty quick and easy,” Flynn said. “It’s a heck of a lot easier than going through a bank.”
Photo credit to iStock