& Industry Loans
$2 Million - $25 Million
50,000 or Fewer
By its very definition, one could proclaim the sports and entertainment sector nothing but fun and games. Yet the ripple effects of the $83 billion category are anything but trivial. The twin industries together employ millions of people, stimulate economies both rural and urban, and support an array of related businesses, including restaurants, hotels, travel, and transportation.
Thanks to their sizable land requirement, many of the stadiums, amusement parks, and other sports and entertainment properties occupy rural territory. That seemingly inconsequential factor has a notable benefit: it can unlock competitively priced funding through the USDA’s Business & Industry Loan Program. Translation: play can be profitable, too.
In 2019, NAC had the privilege of serving a fellow resident of St. Johns County, Planet Swim, LLC, with a $5 million USDA Business & Industry Loan through the USDA Rural Development Program. A swim school for all ages, Planet Swim used the funds to build a state-of-the-art aquatic and tennis facility in the thriving Nocatee community of Ponte Vedra. NAC’s loan was used to construct Planet Swim’s primary location, which now includes a 50-meter Olympic-size outdoor pool, an indoor teaching pool, seven clay tennis courts, spectator seating, locker room accommodations, and more.
The NAC team is comprised of savvy investors, experienced bankers, and creative marketers. Each brings a unique perspective to the table, empowering NAC to view each loan from multiple angles. We operate as a united front, working in tandem to offer our customers true partnership from engagement to close. For a true partner in securing funding for a sports and entertainment project, Look North.
Commercial Real Estate
Our customers are often surprised to hear that we only lend to rural businesses — and even more surprised to discover they’ve actually been operating one. 97% of the geographic U.S. is considered rural. Find out if your address qualifies in 10 seconds.