Finding financing for a gym business is always a challenge. In our report, we will show you proven methods for success along with some creative ideas.
$100 Million dollars of funding approved annually (680+ credit score and 50K in income required).
82% of gym businesses that fail do so because of lack of funding. Qualify for up to $300,000 today — → Click here.
Apply for Gym Business Funding Up To $250,000 in Unsecured Lines of Credit — → Click here.
Are you seeking financing to open a new gym or expand your current gym business and wondering where to turn to for funding? As a gym owner, you now have more financing options than ever before — thanks to a number of creative web-based businesses offering new alternatives such as crowdfunding and peer-to-peer lendin…
Similar to traditional bank style financing. A Term Loan is a set amount that a borrower pays back at a fixed amount. The common uses for these types of loans are business expansion, working capital and equipment purchases.
Benefits of a Term loanInterest on loan is tax deductible No prepayment penalties Lower cost options Stable daily, weekly monthly payments Reported to the credit bureaus which can improve credit Flexible options
6+ Months Time in Business
$120,000 Annual Gross Sales
No Minimum FICO
Loan Amounts: $10,000 - $5 Million
Accessing sufficient capital is difficult for independent gym businesses because traditional lenders like banks consider them risky ventures.
Raising small business capital is also a drawn-out process, especially with poor credit. While many gym business loans do not have a minimum credit score, most lenders work with a range they consider acceptable for their small business loan requirements.
So, how do you navigate the financial world and figure out how to grow your small business and secure gym business financing?
How To Select the Right Funding for Your Gym Business
There are plenty of business loans available, but you should know how to get the best rates on financing to grow your small business.
You need to unde…