Home Features Mastermind Videos About Advertise Blog Network Contact
   

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?

Sales Lessons From Starbucks And Dell

SPORTS FACILITY FINANCING IS EASIER THAN EVER



SPORTS FACILITY FINANCING IS EASIER THAN EVER
   

SPORTS FACILITY FINANCING IS EASIER THAN EVER DO YOU WANT TO START, OR BUY, A SPORTS FACILITY of some kind? Or do you have a client interested in doing so? If you do, the financing may be easier than you think for:

• Bowling alleys • Billiard rooms • Tennis courts • Golf courses • Marinas “WHY IS THIS?” you ask. For a number of good reasons that can help you, namely:

• Lenders know what income level to expect from each type of facility, based on the size of the complex.

• Loans can be based on expected cash flow and a known repayment schedule for the loan at a given interest rate.

• Collateral is available in the form of the equipment used in the facility—such as alleys, billiard tables, docks, etc.

• 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 is easier for lenders to make a loan decision because they’re not “operating in the dark.” This means that getting a sports-facility loan for yourself, or a client is easier if:

• Your business numbers are in line with the usual facility.

• You have a short Business Plan for your facility.

• You have some business experience in the field.

• Your competing facilities are not too close to yours.

• You have a reasonably good credit score.

• Your resume and business plan look professional.

EXAMPLE -- BOWLING ALLEY FINANCING In most cases, the best source for obtaining a loan for a bowling alley is a local bank that is familiar with the business's location and market, If the bank also wants to handle the bowling alley's bank deposits in the future, that's even better. Depending on the situation, the bank may choose to have part of the loan guaranteed by the Small Business Administration. This may require additional paperwork. Sometimes you may be able to find loan sources that are experienced in bowling alley financing. Occasionally, seller of the bowling alley might carry a small portion of the debt to help the borrower qualify for the loan.

SPORTS FACILITY FINANCING IS EASIER THAN EVER - To learn more about this author, visit Tyler Hicks's Website.

Like this article? Share it with your friends
[Get Copyright Permissions] E-Mail | Print | More  


Related Articles Related Articles
SPORTS FACILITY FINANCING IS EASIER THAN EVER
  Describes why loans for sporting facilities can be easier to get and what are some of the ways to get such loans.
Pollution Control Loans
  Pollution Control Loans are 7(a) loans with a special purpose of pollution control. The program is designed to provide financing to eligible small businesses for the planning, design, or installation of a pollution ...
How to Finance Your Franchise Business Opportunity
  You have found the best franchise for you and are really excited about its future and your new business. However, how are you going to pay for it? Many franchises require a significant investment and a large amount ...
Love Sports An Exciting Sport Franchise May Be For You
  Truth be told, starting your very own sports business may not be as hard as you may think. In fact, a franchise business opportunity might be just what you need to get your foot into the door of a lucrative career i...
What Most Business Owners Dont Know But Need to About Business Financing
  This article highlights that there are many more financing options available to businesses than most business owners realize.

Related Forum Posts Related Forum Posts

 
About the Author


Tyler Hicks
(Visit Tyler's Website)
Tyler G. Hicks is president of International Wealth Success, Inc. (IWS), and a director on the board of a large New York-based lender. A consultant to entrepreneurs and real-estate investors around the world, Tyler is author of many books on real estate and business, some of which have appeared on the best seller lists of Business Week, Walton Books, and other national publications. Several of Tyler's books have been ranked among "the top ten real estate books of the year" by columnists in the Washington Post and Los Angeles Times. Tyler's bestselling books include How to Acquire $1-million in Income Real Estate in One Year Using Borrowed Money in Your Free Time and 203 Home-Based Businesses That Will Make You Rich. On this site you'll find articles Tyler has written to help the "beginning wealth builder" start making money in income real estate or in a small business they can call their own. Tyler hopes that "experienced wealth builders", too, can get new money-making ideas and a more positive mental attitude from his contributions. You can visit Tyler's Web site to learn more at i wsmoney.com.
Have A Suggestion?

View Author's Blog
Become An Author

View Author's Video
Become An Author

Free Downloads


Tyler Hicks's

Complete
List Of
Small-Business-Loans
Articles

First Name
Last Name
Email
 
If you enjoyed this article, get Tyler Hicks's Complete List of Small-Business-Loans Articles For FREE!
Become An Author