NFL Contract Financing

NFL Contract Financing – Fast, Easy, Financing for NFL Players

What is NFL Contract Financing?

NFL Contract Financing is a unique type of financing that uses a player’s NFL Contract as the basis for the financing. The amount a player can borrow is determined mostly by the size, type, and term of their NFL Contract. Personal Credit, bank statements, tax returns, and other information traditional lenders use to determine if a person is credit worthy play little role in NFL Contract Financing Approval.

There are a lot of reasons NFL Players use contract financing. Athletes often need financing just like the rest of us, and one popular financial instrument they use is called NFL contract financing.

Financing for NFL players have become increasingly common in recent years. This is largely because the average career length of an NFL player is only three and a half years. With such a short career span, many players don’t have enough time to save up enough money to cover their expenses, so they take out financing instead and pay them back over time.

NFL players who have a guaranteed contract will be paid regardless of circumstances. That guaranteed contract is excellent for finance companies who are familiar with NFL policies, contracts, and pay schedules (like Balanced Bridge).

If you are an NFL Player and want to learn more about taking out NFL Contract Financing, please continue reading – OR – Contact Our Athlete Financing Specialist right now

Call (267) 457-4540

Why do NFL Players Utilize Contract Advances?

To make an all-cash offer on a home or on an investment property
To capitalize on opportunities where the investment window precedes the cash flow from their contract or future contract
To invest in their own brand, business ventures, or to invest in their own training and nutrition during the off-season months in which they are not receiving regular cash flow from their contract
To consolidate/refinance higher-priced debt and align repayment with the expected future cash flow from their contract
To provide short-term advances for various other reasons

Why do Newer NFL Players Use Contract Financing?

When you are in your first few years on the team, you may not have much credit history, which banks often use to decide if they are going to loan you money. Plus, banks often want to see up to three years of tax returns proving you can repay your loan. But as a new player, you might not have three years of tax returns yet.

But these are just a few of the reasons new NFL Players use Contract Financing. When you are first starting out with your team there are a lot of expenses. You have to find somewhere to live in your new city. You might need a dependable car. Some rookies and draftees already have families and need to relocate them and get their kids in school. There is travel. All of these expenses add up.

In addition, it isn’t uncommon for new athletes to want to purchase a new home for their parents or other family members as a way of thanking them for being supportive. Lots of newer players use NFL Contract Financing to make these types of purchases.

Financing The Off-Season for NFL Players

Did you know that NFL players do not receive paychecks throughout the entire year? It’s true! They don’t receive any checks during the off-season, and they only a fraction of their salary during pre-season. Because of this financial strain, many NFL Players rely on using credit cards or NFL Contract financing to make it through the months without a paycheck coming in.

We think using NFL Contract finance during the off season has some benefits over trying to use credit cards. Credit cards can be a real challenge because they frequently have high interest rates, and fees, and offer insufficient credit limits for making major purchases like buying a home or purchasing businesses.

Figuring out how to finance the off season is a reality for every NFL Player. By making use of NFL Contract Financing, you can get the money you need now, and pay it back when the regular season starts up again. There is no reason to miss out on opportunities just because it is the off season.

NFL Contract Financing Companies

NFL Contract Financing Companies like Balanced Bridge understand how NFL players get paid, how contracts work, how signing bonuses are paid, etc. To us, a guaranteed NFL Contract is great for financing NFL Players. It isn’t that we are any better than a bank. We just have different standards.

Credit Not a Major Factor – With NFL Contract Financing, your credit is not a major determining factor for Athlete Finance Companies. They are going to check your credit of course, but often they are not looking for the same things a bank is looking for.
Speed – If you are an NFL Player and you need to get some of your money right away, NFL Contract Financing is a great way to do it. Compared to some traditional loans, getting NFL contract financing is fast and easy. This is doubly true when you are dealing with Balanced Bridge, who is a direct lender and underwrites themselves. Since they don’t have to deal with multiple layers of underwriting bureaucracy to get you approved, you can get your money fast when you need it.
Balanced Bridge Knows How the NFL Works – At Balanced Bridge, we have been providing financing for professional athletes for years. We know how the leagues work. We know how signing bonuses work. We know how off season and pre-season pay schedules work in all of the various professional sports leagues.

More Details About NFL Contract Financing from Balanced Bridge

How Much Money Can I Borrow Against My NFL Contract?

If you work with Balanced Bridge, we can generally finance up to five million dollars against your contract – or – as little as $25,000. The size of your contract plays a major role in how much of NFL Contract Financing you can get.

How Long Does It Take To Get Approved For NFL Contract Financing?

This is the best part. You can be approved and have your money from NFL Contract Financing in a matter of days. You simply provide the documentation we need, sign your agreement, and we send you the money right away. It is easier than you can imagine.

Why Wouldn’t I Just Borrow the Money from a Bank Instead of Using NFL Contract Financing?

One of the reasons you might work with Balanced Bridge is because we have different standards than banks as far as professional athletes go. We work with athletes, so we know how the payment system works. It isn’t that we are any different from a bank – we just have different standards that are favorable to professional athletes.

Is Balanced Bridge Just a “Middle Man” or a Broker?

No, Balanced Bridge is a direct lender. We are not a broker for some other company. This is important because if there are any issues with your approval or after the financing is made, you are dealing directly with the source instead of a broker who has no real say in any part of the process.

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To Apply for NFL Contract Financing – Click Here

CASE STUDY: Buying a New House With a Professional Athlete Contract Financing

We received a request to secure real estate financing on a multi-million-dollar home for a professional athlete who had just signed a $40 million contract.

The Challenge:
This Player had a limited credit history and limited cash reserves in relation to the purchase price but needed to make a significant down payment to qualify for the mortgage. However, they would not receive this money for several months (until camp started) and they didn’t want to miss the opportunity to purchase this specific home.

What We Did:
We were able to provide this client with a contract loan for one hundred and four percent of the purchase price which was enough to cover all of the fees and closing costs for the home. The client ultimately saved 8% by doing a cash purchase of the home. The Player was not required to use his own funds for a down payment, and he closed on the home loan in one week.

About Balanced Bridge

Balanced Bridge provides financing for professional athletes from the NFL, NBA, NHL, MLB, MLS, and even coaches from all of the major leagues. If you are an athlete with a guaranteed contract, chances are we can finance a contract advance for you, and have your money to you quickly.

Types of Athlete Financing Balanced Bridge Can Provide NFL Players

Guaranteed Contract Advances
Non-Guaranteed Contract Advances
Pre draft advances
NIL Advances
Free-Agent/Arbitration-Based Contract Advances
Real Estate Consolidation
Banking and Refinance Solution

To get started, please begin by Applying. Just Click Apply to Get Started.