This post is part of a new limited blog series whereby we will be posting actual real-world examples from past borrowers who utilized a contract loan for various purposes. As always, names are withheld for confidentiality purposes.
Hello, fellow baseball fans and players. I’m a major league baseball player and have been playing baseball professionally for over 10 years. It may surprise you to learn that the life of a professional athlete is not always easy, especially when it comes to finances. That’s why I decided to apply for a contract loan from Sure Sports, a company that provides tailored banking and financing options for professional athletes. In this post, I’ll share with you how I got a contract loan from Sure Sports, and why you should consider doing the same if you’re in a similar situation.
A contract loan was my perfect solution.
I needed financing because I wanted to invest in a business that I had been planning for a long time. I have a passion for fitness and wellness, and I wanted to open my own gym and spa in my hometown. My wife & I spoke with our CPA and did our own research and found a great location for the business. I’ve been pretty good about saving a portion of my earnings, but I wanted to borrow some capital to get the project off of the ground. I also wanted to have some working capital for the business so I don’t reduce my cashflow while the business builds up. Ultimately I wanted this business to secure my future and have a steady income after I retired from the game.
Even though I have focused on saving money, building my credit, and not having too much debt; my bank said I wasn’t a candidate for a small business loan since I lacked experience running a fitness center. I received the same feedback from other banks as well. That is when I turned to looking for more options.
A contract loan is a type of financing that is based on your current or future earnings as a professional athlete. All the reasons the bank didn’t want to lend me money didn’t seem to be as big of a deal with a contract loan.
I needed some financial flexibility and stability, and that’s what a contract loan offered me.
Applying for a contract loan was easier than I imagined.
I heard about Sure Sports from my agent who had also helped his other clients secure a contract loan from them. He told me that they were very professional, fast, confidential, and that they were very flexible with how they structure their loans. He also told me that they had a simple and straightforward application process, and that they could fund my loan within as little as 48 hours.
I decided to give them a try, and I was pleasantly surprised by how easy and convenient it was. I filled out an online form on their website, and I received a call from a friendly and knowledgeable representative. He asked me some basic questions about myself, my contract, and my loan request, and then he told me that I was eligible for a contract loan. The next morning I received a proposal with the preliminary terms, such as the amount of money I could receive, the interest rate, and the repayment schedule. He told me that the proposal was valid for 5 business days, and that I could accept it or decline it at any time. He followed up with me the very next day to answer any questions I had, which made me a lot more comfortable.
A straightforward process.
I was very happy with the proposal, and I decided to accept it. I signed the term sheet and submitted a credit and background authorization form. Sure Sports then sent me a secure link requesting some documents from me, such as my ID, bank statements, and tax returns as well as a copy of my contract. The whole process took less than a day. When they started reviewing my files, they asked me a couple of follow-up questions and then I received the final approval and the loan documents to review a few days later. They requested a time and place that was convenient for me for a closing. The day of the closing, a notary showed up at my CPA’s office (I wanted him to review the loan documents) and I signed the documents and was finished in less than 15 minutes. I received the money in my bank account the same afternoon. It was that simple.
I used the funds from Sure Sports’ contract loan immediately.
The contract loan from Sure Sports was a great decision for me. It helped me to launch my business and make it a success. I was able to secure the location, buy the equipment, hire the staff, and advertise the gym and spa. I also had some money left to cover any unexpected expenses. This made me feel more confident and secure, knowing that I had a backup plan and a source of income after my baseball career. I’m very satisfied with the results so far, and I’m excited about the future.
I now recommend Sure Sports to other players who need financing.
I recommend Sure Sports to other players who need financing because they are the best option out there. They have the experience and knowledge to offer the fastest and most affordable loans for athletes. The interest rates on their loans were lower than any other options I had and they were extremely flexible to make sure the loans terms worked for me. Sure Sports has the highest level of confidentiality and professionalism plus the best customer service and support I have experienced. They are not just a lender, they are a partner.
If you’re a professional athlete in the NFL, NBA, WNBA, MLB, NHL, or MLS and you need financing for whatever reason, you should definitely check out Sure Sports. They can help you achieve your goals, just like they helped me. You can visit their website or call them at (954) 620-7038. Tell them you read my blog, and they’ll take extra special care of you.
