Frequently Asked Questions


1. What types of Athlete Loans does Sure Sports offer?

We have many financing products designed exclusively for professional athletes including, Contract Loans, Pre-Draft Loans, McKenzie Mortgage®, Automobile Financing, HELOCs, Agent Loans, Insurance Premium Financing, Free Agent Loans and Arbitration Loans. Typically, Sure Sports offers unsecured loans, which means they require no collateral.

2. Does Sure Sports Only Offer Loans to Professional Athletes?

Professional athletes under contract and sports agents with qualifying standard representation agreements are eligible for financing. We also offer Pre-Draft Agent Loans to Sports Agents.

3. Which athletes are eligible for a loan?

Professional athletes under contract with the National Football League (NFL), Major League Baseball (MLB), National Hockey League (NHL), National Basketball Association (NBA) or Major League Soccer (MLS). Additionally, players entering the current year’s NBA, NFL or NHL Draft.

4. How do Players get pre-qualified for a loan?

To apply for an athlete loan, contact us directly at 954-620-7038 and provide Sure Sports with the player's professional player contract.

5. Are Athletes required to have good credit to secure a loan?

We rely primarily on the athlete’s contract to determine the viability of the loan. We do check the borrower’s credit on all loans, but there is no credit score requirement.

6. What is the maximum loan amount Sure Sports offers?

We lend up to 30% of a guaranteed contract and 10% of a non-guaranteed contract. The largest contract loan we have secured to date is $10,500,000.

7. What is the minimum loan amount Sure Sports offers?

Our minimum loan amount is $25,000.

8. What are the typical interest rates on Sure Sports Loans?

Many factors, such as the product type, are considered in determining the interest rate for your credit request. We offer competitive interest rates, indexed to the prime rate. Additionally, the interest rates that Sure Sports has secured are the lowest in the industry.

9. Can Athletes Pay loans off early?

Borrowers have the option to pay the outstanding principal balance of a loan in advance of the due date at any time. There is no prepayment penalty.

10. What criteria do you use when approving a loan?

We rely primarily on the athlete’s contract to determine the viability of the loan. We take into consideration the borrower’s credit history, purpose of the loan and ability to repay the loan.

11. What documentation is needed to complete the loan process?

Professional player contract, paystubs, bank statements, tax returns, personal financial statement and driver’s license. Other documentation may be required. For rookie athletes, we understand that many of these documents are not available, and we can make an exception.

12. does sure sports offer loans to non-U.S. Citizens or players that live outside of the country?

Yes. As long as the player has a professional player contract with the NFL, MLB, NHL, MLS or NBA, the player will qualify for a loan.

13. How are the athletes' financing terms decided?

Our loans are catered to our clients’ needs based on a variety of factors. Some of these influences include how quickly you need the money, the length of your professional player contract, the amount of guaranteed money on your contract and the league you are in. We take great pride in offering flexible solutions specifically designed for each client’s needs.

14. Once approved, how are the funds accessed?

Once loan documents are signed, loan proceeds are wired within one business day to an account you designate.

15. Once the loan is repaid, can players receive another loan?

If you have repaid your loan in a timely manner, you are eligible to reapply for another loan.

16. are Sure Sports loans reported to a credit bureau?

It depends on the type of product. Generally, our contract-based loans are not reported to the credit reporting companies, but UCC-1 is filed.

17. Is all information confidential?

All information is strictly confidential and will only be used to determine your need for and ability to repay this loan.

18. What if the athlete has other outstanding debt?

We can consolidate your credit so you make one payment to one creditor. We can secure a rate that is lower than what you are paying, reducing your monthly payments and making it easier to repay the debts.

19. How does the loan closing process work?

Your Sure Sports Client Services Associate will schedule a time for you to sign the closing documents. We have mobile notaries nationwide who will meet at your designated location. The notary will bring all the necessary paperwork for signature, and you will be expected to bring a government issued photo identification. A Sure Sports Representative will be available via video conference to explain the documents you are signing. You can request your agent, attorney, financial advisor or trusted representative join the video closing or join in person. The entire process usually takes less than 15 minutes. Once the documents are executed, the funds will be wired to an account you designate. Sometimes the loan can be funded the same day and sometimes the following business day. An electronic copy of the fully executed documents will be emailed to you.

20. Is Sure Sports a broker?

No, we are a Private Banker for Professional Athletes. Your Client Services Associate will discuss your financing goal and then work with our Credit Analyst to create an individualized strategy to meet your objective. We will help you select the best banking service for your day to day borrowing and cash flow needs. We manage our clients’ financial circumstances with a focus on maintaining a strong relationship between the client and the bank.