Frequently Asked Questions


1. What kind of products do you offer?

We have many products including, Contract Loans, Pre-Draft Loans, McKenzie Mortgage®, Automobile Financing, HELOCs, Agent Loans, Insurance Premium Financing, Free Agent Loans and Arbitration Loans.

2. Do I have to be an athlete to secure a loan?

Professional athletes under contract and sports agents with qualifying standard representation agreements are eligible for our products.

3. What type of athletes are eligible for a loan?

Professional athletes under contract with the NFL, MLB, NHL, MLS or NBA. Additionally, players entering the current year’s NBA or NFL Draft.

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

Provide your professional player contract.

5. Am I 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 you allow?

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 you require?

Our minimum loan amount is $25,000.

8. What will my interest rate be?

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.

9. Can I prepay my loan?

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 will I need 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. Can I get a loan if I’m not a U.S. Citizen or if I live outside the country?

Yes. As long as you as you have a professional player contract with the NFL, MLB, NHL, MLS or NBA.

13. How are my loan 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 do I access my funds?

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

15. Once my loan is repaid, can I get another loan?

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

16. Will my loan be 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 I have other outstanding unsecured 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 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.