The Gym Funding Playbook

Term loan 

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 loan 

Interest 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

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