Ponte Vedra Beach-based Power Tee recently announced a funding partnership with another local company, Navitas Credit Corp.
“We met with Dean Stolberg, senior vice president (of) national accounts, earlier this year and we are really excited to be working with Dean and his team at Navitas,” said Martin Wyeth, CEO of Power Tee. “This agreement allows for unhindered growth into clubs and ranges around the U.S.A, meaning golfers can enjoy improved grass and all of the benefits of Power Tee for just $1 per bucket at driving ranges or $1 per week at their golf club, with no capital outlay by the range or golf club. Combined with flexible term lengths and seasonal payment plans, we can now cater to any business that wants to offer its members and patrons a first-class practice experience.”
Power Tee, a designer and producer of automated golf teeing units, installed more than 200 machines around the United States in just four months after launching a campaign with the Golf Channel. According to the company, the recent installations expanded the business’ footprint by more than 50 percent, representing 200 percent in growth. Visit for more information.
Also located in Ponte Vedra, Navitas Credit Corp. is a non-bank finance firm that provides loans to small and medium-sized businesses to help them finance equipment and working capital. Visit for more information.