US$30m pro athlete lending platform
- Currently seeking US$3m equity investment to launch lending platform providing pro Athletes short term loans (<=12 months) backed by guaranteed portion of their playing/endorsement contract(s) at total cost of 10%-16%.
- Focus on US and NFL, NBA, MLB, NHL to start.
- Loan structure replaces egregiousness with pragmatism to provide investors higher secured loan and lower cost to qualified pro athletes.
- Investments protected by insurance: death, disability, dismemberment, loss of value (aka dishonor & disgrace).
- Loan investments protected by controlling flow of athlete’s salary from team via bank processing partner.
- Scale to >US$30m.