SPORTS FACILITY LENDERS AWAITING BORROWERS AND SMART FINDERS
HAVE YOU EVER IMAGINED WHAT IT MIGHT BE LIKE TO START, OR BUY, A SPORTS
FACILITY of some kind? If a sports facility is not exactly in your (or your
client's) budget, don't let that slow you down. There are thousands of sports
and sports-related businesses that need financial help from lenders like the
ones in the report below. This report gives some of the biggest names in sports
lending.
SPORTS FACILITIES COME IN MANY TYPES. On one hand, there are indoor
sports like bowling, billiards, and Internet gaming. On another, there are
outdoor sports like rollerskating, putt-putt golf, tennis, swimming and
hangliding (to name a few). And there are sports franchises and professional
sports at the local, state or national level.
SWIRLING AROUND EVERY ONE OF THESE SPORTS are all kinds of sports-related
busineses—from baseball memorabilia sales to concession stand contracts.
WHY ARE THESE LOANS AVAILABLE? you ask. For a number of good reasons that can help you, namely:
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Lenders know what income level to expect from each type of facility, based on
the size of the complex.
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Loans can be based on expected cash flow and a known repayment schedule for the
loan at a given interest rate.
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Collateral is available in the form of the equipment used in the facility—such
as alleys, billiard tables, docks, etc.
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Actual income can be projected based on the location of the facility, the
population of the surrounding area, nearness of competition, etc.
WITH ALL THIS VALUABLE INFORMATION AVAILABLE, it's easier for lenders to
make a loan decision because they are not operating in the dark. This means that
getting a sports-facility loan for yourself, or a client is easier if:
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Your business numbers are in line with the usual facility.
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You have a short Business Plan for your facility.
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Your resume and business plan look professional.
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You have some business experience in the field.
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Competing facilities are not too close to yours.
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You have a reasonably good credit score.