COLUMBUS, Ohio -- Identifying a specialized need for niche financing products in the private club industry, Membership Portfolio Services (MPS) announced that their factoring programs and financial services are available to assist private clubs with cash flow needs and funding for course related projects and improvements.
"The current economic climate and the position many local banks have adopted with respect to lending in the golf and club industry have created the desire for more alternatives, and creative options. We strive to identify our client's needs, and provide solutions that optimize their current resources and maximize potential," says Charles Kasbee, Managing Partner of MPS.
The company was reorganized last year by Andy Smith, Charles Kasbee and Ivor Young, a long time friend and colleague of Jack Nicklaus. As part of the reorganization we added new programs and more competitive rates. Our launch was at Jack Nicklaus' Memorial Tournament last June at the Muirfield Village Golf Club," says Kasbee. Since then MPS has joined forces with several industry leaders including Trophy Golf & Resorts, a world class boutique management company specializing in high quality private clubs, golf courses and resorts throughout the United States and worldwide.
Membership Portfolio Services is a broker offering a wide variety of financing options spanning from private club receivables financing to major corporate restructurings with a special emphasis on funding portfolios of high-end consumer receivables for golf, tennis and other membership based organizations. The staff possesses many years of industry experience, and a great appreciation and understanding of the needs of small to middle-market companies.
The following are some of the services and programs offered by the firm:
*Individual Membership Financing
*Membership Dues Financing
*Capital Improvement & Assessment Fee Financing
*Portfolio Purchases
*Equity Conversion Funding
*Traditional Financing Services
Additional information can be obtained at www.mpsvs.com or by calling 888-240-4350
Contact Information:
Membership Portfolio Services: Andrew Smith, 888.240.4350 ext. 703, asmith@mpsvs.com
