Home Run
Term Loan Home Run
Author: Stephanie Clarke
Date posted: 03.25.23

J.C. had always loved baseball, from that first day in T-ball all the way through to making all-state in high school and qualifying as a walk-on in college. He loved the game and decided after having successfully navigated a management career for years, he ran an outdoor batting cage facility for a number of years with success and now saw the opportunity to grow his business.

J.C. swiftly hit a Home Run by identifying the perfect location for expansion. An empty 15,000 square/ft. indoor space was ripe for transformation. He promptly leased the space, with an option to purchase upon the venture’s triumph. His innovative indoor facility encompassed not only batting cages tailored for baseball and softball aficionados but also pitching cages, team practice zones, and meeting areas. Moreover, he facilitated equipment rentals and conducted coaching clinics and personalized training, hitting a Home Run and further solidifying his winning strategy.

 

Anticipating the escalating demand for baseball and softball programs, J.C. envisioned his business as a Home Run. He recognized that the potential success hinged on offering a cutting-edge facility that was safe and pristine. In doing so, he laid the foundation for excellence in his venture.

 

The state-of-the-art venue offers youngsters a secure and enjoyable setting for refining skills through personalized coaching and year-round practice. Consequently, it provided a distinct advantage that outdoor batting cages simply couldn’t match. Moreover, this exceptional facility became a cornerstone of skill development in the community.

Home Run

With the facility already secured, J.C. swiftly went to work on estimating the cost of the equipment and necessary renovations. Notably, in order to stand out, the facility would need to be the best in the business. Incorporating a variety of elements like batting cages, pitching machines, and top-notch training turf, along with other essential equipment, the total costs amounted to a substantial $600,000.

 

J.C. began actively searching for a lender who could offer loan terms that aligned with his preferences. With his stellar credit score, impeccable history, and a comprehensive financial portfolio stemming from his well-established outdoor facility, he was undeniably well-prepared for this endeavor. Setting his sights on a desirable seven-year term, he held the belief that paying off the loan ahead of schedule was a realistic prospect, given the undeniable demand for his facility and the apparent absence of local competition.

J.C. found a lender who would agree to the seven-year term for the $600,000 needed to fund the expansion. Subsequently, with the loan secured, he initiated the purchase of the necessary resources to make the facility operational. In just three months, he was content with the new space and opened it to enthusiastic rave reviews. Notably, the community rallied around the idea. Moreover, within six months, the expanded indoor facility experienced a consistently growing stream of customers. Additionally, as the first year came to a close, J.C. introduced reserved one-on-one training classes and team coaching events.

 

At the five-year anniversary of the facility, J.C. is not only excited about his success but also thrilled by his ability to pay off his loan earlier than expected. Furthermore, he finds a deep sense of accomplishment in surpassing his ambitious financial goals.

Home Run
About The Author | Stephanie Clarke

Stephanie has a bachelor's degree in psychology and has been a professional writer for over 15 years. Her client list includes New York Times bestselling authors, publishing houses, prominent public figures and successful business owners. She resides with her family in Florida.

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