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A Publication of the National Golf Foundation

Questions, Answers and Insights for Everyone Interested in the Business of Golf

How Federal Help Applies to the Golf Business

by National Golf Foundation

April 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act is an initial $2.2 trillion stimulus package enacted by the federal government to provide relief to small businesses and companies as well as American workers during the COVID-19 outbreak.

One of the two facets of the CARES Act is the Paycheck Protection Program (PPP), a federal relief initiative that provides small businesses with highly forgivable loans administered through the U.S. Small Business Administration (SBA).

While the PPP is designed to provide relief to help businesses with under 500 employees keep paying salaries while their revenues are reduced, member-owned golf clubs and associations aren’t eligible for these loans because they’re not considered businesses at the federal level due to their classification as 501©(7) not-for-profit entities.

Eligible small businesses – for-profit corporations and 501(c)(3) charitable non-profits/veteran groups with fewer than 500 employees – as well as sole proprietors and those who are self-employed can apply for these loans through a participating bank and receive 2 1/2 times their average monthly payroll, up to $10 million. These loans are forgivable after eight weeks if the money is used to pay employee wages and benefits, mortgage or rent, and utility bills.

To learn more about available funding options and how to apply for a loan:




Also in place to help ease the burden on taxpayers is the Economic Injury Disaster Loan (EIDL) program, which is more applicable to non-charitable, non-profit organizations like the equity country clubs and golf associations excluded from the PPP.

The EIDL program, also facilitated by the SBA, provides small businesses with working capital loans of up to $2 million and those applying for a loan are eligible for a $10,000 emergency advance that’s entirely forgivable.

For an overview and eligibility requirements for this program:



To review a Powerpoint presentation from the National Golf Course Owners Association’s recent webinar about the CARES Act and the golf industry, CLICK HERE.

For more comprehensive NGF information and research about the impact of the coronavirus on the golf industry overall, CLICK HERE.


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National Golf Foundation

The National Golf Foundation is a community of individuals and golf businesses committed to being the most well-informed advocates for the growth of the industry. With the world’s largest research team dedicated to golf, NGF provides members with the most accurate and objective insights on the game. We help golf businesses better understand their market and grow their businesses. The NGF is the only association for everyone in golf, and we advocate for growth by educating and connecting our members.

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For the NGF’s latest research and information about how the coronavirus pandemic is affecting the golf industry, please click here.