6270 Secor Road
Traverse City, MI 49685
Jobs Expected To Be Created: 1
Great Lakes Commercial Finance (GLCF) has joined forces with Traverse City State Bank to fund an SBA 504 loan! Toby Boynton-Fisher is the sole owner of Traverse City Golf Center. The 504 program allowed Toby to pursue his dream of owning an indoor/outdoor golf facility.
Boynton-Fisher has been an employee of Traverse City Golf Center, LLC for years and always had interest in purchasing the business. The Traverse City Golf Center is a full-service, four season golf shop and practice range with indoor and outdoor practice facilities. They have the largest selection of top line clubs, bags, shoes, gloves and golf balls in Northern Michigan. The pro-shop has been recognized by the PGA of America as “The Public Golf Shop Merchandiser of the Year” for three years. Traverse City Golf Center also offers year-round custom club fitting with PGA Professionals, Vector and ES14 launch monitor swing analysis, indoor golf simulators, private and group golf lessons, Golf Academy instruction and award winning service.
Bradd Pierce of GLCF worked with Toby’s lender, Jeff Rademacher from Traverse City State Bank to finance the purchase of the real estate. Mr. Boynton-Fisher said, “the program helped me to realize my dream to own the Traverse City Golf Center.” The SBA 504 program allowed Toby to purchase the property at a low fixed interest rate for 20 years with only 15% equity into the project.