Gym Funding Now is a program that is designed to assist Gym Owners with the cash that is needed for day to day operations. This program is set up as an Accounts Receivable Advance/Factoring of Membership Agreements.
The Gym Funding Now program is a flexible and quick source of funds for your gym business. We simply advance funds against your future monthly receivables. The Gym Funding Now program allows you to grow proportionately with the growth of that receivables base.
Gym Funding Now – It’s a Simple Process
FICO score of 550+
Minimum of 10K monthly gross revenue
Been in business for a minimum of 6 months
No up-front fees
We have the ability to approve your funding request within one business day
Use the funds to:
Purchase new equipment
Pay taxes
Improve your club
Do a marketing campaign
Fund new location or whatever your needs may be
Gym Funding Now Versus Receiving a Bank Loan
Banks like to make their decisions based on your credit and therefore applying is slow, tedious and unpredictable. If your credit is not perfect, you may not qualify. If your balance sheet is not strong, you may not qualify. If you are not profitable, you may not qualify. If you are in an industry the bank finds too risky, you may not qualify. It takes time for banks to dig around and identify all the risks. In other words, be patient and don’t wait for the last minute to apply.
If you are experiencing cash flow shortages, cannot obtain traditional financing or just need money to expand your gym business without all the red tape, email us at jthomas@fmconsulting.net for a no obligation application to see if you qualify.
