Sure Sports Lending provides loans to draft eligible players based on their draft prediction and projected salary. Our pre-draft loans provide off-season liquidity for training and living expenses. Pre-draft loans are available for the top 100 NFL draft prospects and the top 30 NBA draft prospects. We can lend up to 10% of the player’s projected rookie salary. We have been successful at originating unsecured loans between 10%- 12% for players with no credit history.
- Prior to the draft, Sure Sports Lending can lend roughly 10% of the player’s projected contract value, according to what that draft slot earned the previous year
- Once the player has been drafted, the loan amount can be increased to up to 30% of the player’s guaranteed salary
- Approval for players drafted in the later rounds are determined on a case-by-case basis
- 12% APR estimated (1% per month)
- Can close in as little as 72 hours
- Interest payments can be deferred until the season commences
- Auto loans and mortgages available