Direct Answer: How do gyms finance equipment?
Gyms can use equipment financing to lease or buy machines, using the equipment itself as collateral. Alternatively, working capital loans based on membership dues (recurring revenue) can fund expansion or marketing.
New equipment brings new members, but it costs a fortune. Additionally, the January rush requires marketing spend in December, when cash might be tight.
The Solution: Cash Flow Funding
Leverage your recurring membership revenue. We prefer businesses with steady subscription models like gyms because the revenue is predictable.
How We Help Gym & Fitness Center Funding
Fairly Funded connects you with partners who understand your industry. We look past the FICO score and focus on the health of your business.
Key Use Cases:
- Equipment: Buy treadmills, squat racks, or pilates reformers.
- Expansion: Knock down a wall to add a yoga studio.
- Marketing: New Year's resolution ad campaigns.
Frequently Asked Questions
I have a lot of small transactions. Is that okay? Yes! High transaction volume is actually preferred by our automated underwriting systems.
Ready to Move Forward?
Don't let a lack of capital slow you down. Apply today and see your options in 24 hours.