[EXAMPLE] GoFan Capital For Teams

Problem Statement

Booster clubs are challenged with how to fund improvements for the team or program they represent. This often causes a delay in when they need something for a team and when they can provide it (this season vs next) – especially if the team booster program (vs the school) is tasked with providing a significant portion of the funds.

Proposed Solution

Introducing GoFan Capital for teams. With GoFan Capital, approved teams can access the necessary money up front for a necessary improvement (up to $10,000) and pay it back over time using a combination of fundraising, advertising, and ticketing fees. GoFan will loan booster clubs the money up front and then automatically deduct the money to repay the loan using money raised or collected on the platform.

Unique Value Proposition

By using a school and booster club’s prior selling history, GoFan proactively loans program the money and allows them to purchase needed items immediately vs having to wait weeks or months to collect the money. GoFan will help the club establish and collect the funds through their fundraising feature. GoFan collects and extra fee for loaning the money as well as the standard fees that apply to fundraising activities. Because of GoFan’s unique ability to reach a team’s fans across multiple digital channels, this service is uniquely available on our platform