One of the myths that persist is that athletes, who seem to make more money than they can ever spend, should never need to borrow money. This misconception often forgets that many athletes, particularly those early in their careers, may not have the credit history or asset accumulation that a regular bank requires for a loan.
Thanks to increased education and awareness, more sophisticated financial planning resources, and a greater emphasis on long-term financial stability, athletes are taking steps to ensure their financial security beyond their playing careers.
Contract loans can be a great way to fund passion projects and businesses, especially for athletes who may not have the traditional credit history required for other types of loans.
Get in touch with one of our representatives to kick off your loan approval process.