Ready to unlock explosive growth for your gym? Funding is the fuel you need, and this playbook equips you with the knowledge to choose the right option and dominate the fitness game!
Financing Options: Your Personal Training Guide
- Term Loan: Unleash Flexibility (Availability: $50,000 – $400,000) Criteria: 680+ credit score, minimum $50,000 annual income (past 2 years) The Perks: Use it for ANYTHING! Tax-deductible interest, no prepayment penalties, flexible repayment options. USA Only. Imagine: Upgrading equipment, expanding marketing, renovation dream come true!
- SBA Loan: The Government’s Powerhouse Punch Built for Growth: Ideal for starting or expanding your gym. Eligibility: Industry experience may be required. The Deal: Fixed or variable rates, monthly payments, up to 25-year terms. Government-backed security (with strong paperwork) means approval in as little as 45 days. Dominate: Secure long-term funding for ambitious gym owners.
- Business Line of Credit: Your Financial Lifeline Flexibility is King: Access funds as needed, perfect for unforeseen expenses. Qualifications: 6+ months in business, $120,000+ annual gross sales. The Advantage: Pay interest only on what you use. Perfect for seasonal businesses or unexpected opportunities. Never Miss a Beat: Keep your gym running smoothly with a safety net of available funds.
- Equipment Financing: Conquer Without Cash Own Your Power: Purchase equipment through leasing or financing without a huge upfront cost. Preserve Capital: Free up working capital for other areas of your business. The Edge: Stay on the cutting edge with the latest fitness equipment.
- Franchise Financing: Fuel Your Franchise Dreams. Open the Doors: Launch a new franchise or meet franchise update requirements at a lower cost. Criteria: Similar to Term Loan requirements (credit score, income). The Advantage: Leverage proven business models for faster success.
Ready to Pump Up Your Gym’s Success?
These are just a few powerful options! Hit the button below for a free consultation and let our expert team craft the perfect financing strategy to propel your gym to the top!
Remember, the right funding is like the perfect workout plan – it fuels your potential and sets you on the path to achieving your fitness goals! Other options available.
Have a specific financing question? Message me here and let’s chat! Or call/text WhatsApp @ 214-629-7223. Contact Jim Here.
If your fitness business is in need of a turnaround, a boost in sales, or a fresh marketing approach, we’re here to help. We offer a free initial consultation to discuss your specific situation and explore how our expertise can make a difference. Don’t hesitate to reach out to Jim Thomas at 214-629-7223 or find valuable insights on YouTube. Follow me on LinkedIn
An Outsourced CEO, Turnaround Expert and Author, Jim Thomas is the founder and president of FMC USA Inc., a management consulting, turnaround, financing and brokerage firm specializing in the leisure services industry. With more than 25 years of experience owning, operating and managing facilities of all sizes, Thomas lectures and delivers seminars, webinars and workshops across the globe on the practical skills required to successfully overcome obscurity, improve gym sales, build teamwork and market fitness programs and products. Visit his Web site at: www.fmconsulting.net or www.youtube.com/gymconsultant.
