How to Finance a Hold Fast Golf Grips Franchise: Truck and Tools
By Chris Cornella
A Hold Fast Golf Grips franchise loan pays for something unusual in franchising: a business that lives inside a wrapped truck and travels to golfers instead of waiting for them to walk in. The franchisor’s own materials put the franchise fee at $50,000 and the estimated total investment at about $125,000, which places this mobile regripping concept well below the cost of most storefront franchises but squarely in the range where financing still matters.
This article covers the brand, its startup budget, ongoing fees, financing options and what lenders review. It is general information only. US Professional Funding is not affiliated with, sponsored by or endorsed by Hold Fast Golf Grips; the name is used only to describe the business. Figures from the franchisor’s disclosure document and website can change, loan programs vary, and every loan is subject to approval. Nothing here is legal, tax or investment advice.
Hold Fast Golf Grips Franchise Loan at a Glance
According to the franchisor’s franchise opportunity page:
- Franchise fee: $50,000, which the franchisor says covers the rights to an exclusive territory plus brand and training support
- Estimated total investment: about $125,000, covering the mobile setup, truck wrap, tools, starter inventory and launch expenses, with exact figures in the Franchise Disclosure Document
- Royalty: 10% of gross revenue, which the franchisor says funds brand development, marketing and franchisee support
- Separate marketing fee: none listed on the franchise page, which describes marketing as funded through the royalty
- Territory: exclusive, defined by population, golf course density and opportunity
- Minimum net worth or liquid capital: not published on the franchise page
- SBA Franchise Directory: listed as Hold Fast Golf Grips (code S8207), with a note about the lease rider and collateral assignment of lease
Treat the published total as a starting point and confirm every line in the current Item 7 table before you request a loan.
What Is Hold Fast Golf Grips?
Hold Fast Golf Grips is a mobile golf service brand built around on-site club regripping and handcrafted performance grips, including custom putter grips. Instead of asking a golfer to leave clubs at a shop for days, the operator brings a professional regrip setup to the golfer, which is the convenience the brand sells.
The company names Jonathan Gallaway, a grip specialist and craftsman, as its founder. Its website lists service areas in Abilene, North Tarrant County, South Fort Worth, Denton County and West Austin in Texas, along with West Valley Phoenix, Oklahoma City and Kansas City, without saying which are franchised.
Why the model matters to a lender. There is no storefront to build. The core assets are a vehicle, a tool kit and grip inventory, so a Hold Fast Golf Grips franchise loan is underwritten mainly on the owner, the territory and the cash cushion that carries the business while bookings build.
Hold Fast Golf Grips Franchise Costs
The franchisor’s estimate is a single total of about $125,000, with the detailed breakdown reserved for the disclosure document. Here is how the pieces it names fit together, and what to ask about each one.
Initial franchise fee
The franchise fee is $50,000, according to the franchise page, and buys the territory rights, brand use and training support. Fees are usually due at signing, so line up any Hold Fast Golf Grips franchise loan before you sign.
Vehicle, wrap and mobile setup
The franchise page describes a branded, wrapped mobile truck and says a new owner may bring a suitable vehicle or have one included. That choice changes the financing picture: a buyer with an eligible vehicle may need only the wrap and build-out, while others must finance the vehicle too.
Tools and starter inventory
Each owner receives a professional regrip tool kit and an initial grip inventory package, according to the franchisor. Grips are the product the business resells and installs, so inventory is both an opening cost and a recurring working capital need.
Launch expenses and working capital
The franchisor’s total also covers launch expenses. Beyond the disclosure document’s additional funds, plan for fuel, insurance, local marketing and personal living expenses during the first months.
Questions to ask about Item 7
The franchisor has not published Item 7 line ranges on its website, so confirm these lines when you receive the disclosure document:
- Initial franchise fee
- Vehicle purchase, lease or allowance if you bring your own
- Truck wrap and mobile workstation build-out
- Regrip tool kit and initial grip inventory
- Training travel, insurance and licenses
- Additional funds for the stated opening period
Make sure the lines add up to the total you are financing.
Ongoing Fees and How They Affect Your Loan
The franchise page lists a royalty of 10% of gross revenue and says that payment funds brand development, marketing and franchisee support. No separate marketing fund contribution is listed on that page, but read Item 6 of the disclosure document for technology fees, transfer fees, renewal fees and any local advertising requirements.
A lender builds the royalty into projections before calculating whether the business can carry its loan payment. Because a 10% royalty comes off the top of every job, pricing and job volume must leave enough cash flow after royalties for debt service and your own pay.
Franchisor Requirements for New Owners
The franchise page does not publish a minimum net worth or liquid capital requirement. The franchisor describes a process that includes a call, a review of the Franchise Disclosure Document and a commitment step, followed by hands-on training in operations, customer experience and sales, a 90-day launch playbook, ongoing support and marketing assets.
Without published thresholds, expect the franchisor and any lender to look at your liquidity, credit, golf knowledge and sales ability.
Ways to Own a Hold Fast Golf Grips Franchise
A new territory. Most buyers will start fresh in an open territory. This is a startup loan: the lender is underwriting projections, the franchise model and your personal strength rather than a track record. Our page on franchise start-up financing covers how those requests are typically structured.
Buying an existing territory. Mobile golf service franchises do come up for resale. A buyer of an existing territory inherits a customer list, course relationships, a vehicle and inventory, and a lender can look at actual revenue history. The franchisor must approve the transfer. See our article on buying a franchise resale for what to review before you make an offer.
Hold Fast Golf Grips Franchise Loan Options
Because the brand is newer and smaller than many franchise systems, read our article on financing an emerging franchise for how lenders approach systems with limited operating history.
SBA 7(a) loans. An SBA 7(a) loan can combine the franchise fee, vehicle and build-out, tools, inventory and working capital in one loan, subject to program rules and lender approval. That makes 7(a) a natural fit for a small, all-in-one startup budget.
SBA 504 loans. The 504 program targets owner-occupied real estate and long-lived fixed assets, so it rarely fits a mobile business with no building to buy.
Conventional term loans. Borrowers with strong credit, collateral and liquidity may qualify for conventional business loans, particularly when adding a second territory or refinancing after the business has a track record.
Vehicle and equipment financing. The truck is the largest physical asset. Some owners finance the vehicle, mobile workstation, grip vises, solvents, tape and storage racks through franchise equipment financing and leasing, keeping more cash available for launch. Any separate vehicle note becomes part of the debt a primary lender reviews.
Working capital and lines of credit. Golf demand rises and falls with the weather, so a modest line of credit can fund inventory before peak season and cover slower months. Our page on working capital lines of credit for retail businesses explains how these facilities work.
Seller financing on resales. On the purchase of an existing territory, a seller may sometimes carry part of the price. A seller note is typically subordinate to the primary loan, and SBA rules may limit how it is structured.
SBA Loans for Hold Fast Golf Grips Franchisees
SBA-backed loans are made by participating lenders with an SBA guarantee on part of the loan, and the SBA Franchise Directory simplifies the lender’s review of the franchise agreement. The SBA 7(a) program maximum is currently $5 million, and program rules can change; a budget the size of this one sits far below that limit.
The directory listing. Hold Fast Golf Grips appears on the SBA Franchise Directory under code S8207. A listing makes the lender’s eligibility review of the franchise documents more straightforward, but it does not approve any borrower or guarantee any loan.
What the directory note means. The listing carries this note: when the real estate where the franchise business is located will secure the SBA-guaranteed loan, the lease rider and collateral assignment of lease may not be executed. In plain English, the franchise system has a lease rider and a collateral assignment of lease that apply when the business operates from leased space. If the property the business operates from is owned and pledged as collateral for the SBA loan, those lease documents are not used. For a mobile business that may be based at the owner’s home or a small storage space, ask your lender early which documents apply to your situation.
Application tips. Bring the franchise agreement, the disclosure document, a sources and uses statement, vehicle quotes, financial statements, tax returns and a résumé.
How Lenders Evaluate a Hold Fast Golf Grips Deal
Personal credit and financial history. With limited hard collateral, your credit history and personal guarantee carry more weight.
Net worth and liquidity. Lenders want to see your cash injection and the reserves left after closing.
Industry and management experience. Golf knowledge, club repair background and sales experience all help, because the business depends on winning accounts with courses, leagues and events.
Business plan and projections. Build projections on realistic jobs per week, average ticket, grip costs, fuel, insurance and the 10% royalty. Show how many working months your local climate allows and how you plan to fill slower periods. Our SBA loan calculator can help with early payment estimates for planning only.
The disclosure document and franchise agreement. Lenders review the term, renewal, territory rights and transfer rules. Our article on reading the FDD for financing shows which items matter most.
Historical financials on resales. For an existing territory, expect to provide the seller’s tax returns and job records.
The Mobile Workstation
The vehicle is both the shop and the billboard. A lender will ask whether it is new or used, who holds title and how it is insured. Plan for maintenance and eventual replacement, because downtime for the truck is downtime for revenue.
Multi-Unit Growth and Development Agreements
Growth in a mobile brand usually means a second vehicle, a hired technician and a neighboring territory. Lenders look at the first territory’s results, remaining liquidity and whether the business can carry a second payroll while the new route fills. Our article on multi-unit franchise financing explains how lenders evaluate expansion.
Real-World Scenarios
A golf professional going independent. A former club employee uses an SBA 7(a) loan for the franchise fee, truck and inventory, and includes letters of interest from local courses.
A resale buyer. A buyer purchases an existing territory; the lender reviews the seller’s records, and the seller carries a small subordinate note.
An owner adding a second truck. An owner hires a technician and finances a second vehicle and tool kit with an equipment loan backed by the first territory’s results.
Common Mistakes to Avoid
- Financing the franchise fee and truck but leaving too little cash for the first slow season
- Building projections without the 10% royalty, fuel and insurance
- Assuming every vehicle qualifies before the franchisor confirms it
- Signing the franchise agreement before the loan is lined up
- Ignoring how the SBA directory note applies to a home-based or storage-based operation
For more, read the loan mistakes retail business owners should avoid.
Next Steps to Finance Your Hold Fast Golf Grips Franchise
Step 1: Request the disclosure document. Review Items 5, 6, 7, 10, 17 and 19 with a franchise attorney.
Step 2: Map your territory. List the courses, ranges and golf events within reach.
Step 3: Decide on the vehicle. Confirm whether you will bring a vehicle or have one included, and get firm quotes.
Step 4: Build projections. Include every Item 7 line, the royalty and a seasonal cushion.
Step 5: Talk with a financing specialist. Compare SBA 7(a), conventional and equipment financing before you sign.
Step 6: Apply. Gather your documents and coordinate franchisor and lender approvals.
Hold Fast Golf Grips Franchise Loan FAQs
How much does a Hold Fast Golf Grips franchise cost?
The franchisor’s franchise page estimates the total investment at about $125,000, covering the mobile setup, truck wrap, tools, starter inventory and launch expenses. The disclosure document contains the exact figures.
What is the Hold Fast Golf Grips franchise fee?
The franchise page lists a $50,000 franchise fee for the rights to an exclusive territory plus brand and training support.
What is the royalty?
The franchisor lists a royalty of 10% of gross revenue, which it says funds brand development, marketing and franchisee support.
How much liquid capital or net worth do I need?
The franchise page does not publish a minimum. Lenders will expect a meaningful cash injection and reserves after closing, so ask the franchisor about its requirements during discovery.
Is Hold Fast Golf Grips eligible for SBA loans?
The brand is listed on the SBA Franchise Directory under code S8207, which simplifies the eligibility review of the franchise documents. Approval still depends on the borrower, the project and lender review.
Can I finance the truck separately?
Often, yes, through an equipment loan or lease, or as part of a broader SBA 7(a) loan. Any separate payment counts in your debt load.
Can I buy an existing Hold Fast Golf Grips territory?
Resales can occur, subject to franchisor approval, and may be financed with an SBA 7(a) or conventional loan.
Does the franchisor offer financing?
The franchise page does not describe franchisor financing. Item 10 of the disclosure document states whether any financing is offered.
How long is the franchise agreement?
See the franchise agreement and Item 17 of the disclosure document. Lenders generally want the franchise term to run at least as long as the loan.
Final Thoughts
A Hold Fast Golf Grips franchise loan is modest by franchise standards, but a mobile business still needs the right vehicle, enough inventory, a plan for the royalty and a cash cushion for the off-season. Buyers who verify every figure in the disclosure document and line up financing before signing are in the strongest position.
US Professional Funding helps franchise buyers finance startups, resales, vehicles, equipment and working capital. Learn more about our franchise business financing and retail business financing.
