Bring on New Employees
Hire more personal trainers, nutritionists, and other staff members to expand your services.
How Gym & Fitness Center Business Loans Can Help You
The costs of running a successful gym are high. You’ve got expensive workout equipment to maintain, employees to pay, and costs like insurance to consider. While helping members reach their fitness goals, a business loan works to help you improve your financial health.
Upgrade Gym Equipment
Replace outdated and worn workout machines with newer models.
Cover Insurance Costs
Cover worker’s compensation and liability insurance for your gym or fitness center.
Provide New Services or Products
Introduce new services such as massage therapy or nutritional services.
How to Apply
How do small business loans for gyms work? Applying for a gym or fitness center industry loan has never been easier.
Apply
Submit your application securely in minutes.
Connect
We’ll discuss the right financing option for you.
Fund
Receive financing and start growing your business.
Why SpringFi
Securing a loan for gym business needs is easy with the help of SpringFi. Let our Funding Specialists get to know you and your gym to create a solution tailored to your needs. Whether you need funds quickly for immediate expenses or are looking to cover costs over the slow season, we’ll help you get the gym business financing you need.
Gym & Fitness Center Business Resources
An Gym & Fitness Center business loan is an investment in the growth of your company — but securing financing is only a fraction of what it takes to manage your finances. We’ve put together a list of resources to give you the whole story on loans, taxes, and managing the financial health of your company.
Quick solution with minimal documentation.
They are based off of your business cash flow without the needs of any asserts or collateral. having a low credit score or tax susses is not a deal breaker.
What Clients Say About Us
Frequently asked questions
If you have a query regarding a loan then we are here to your help you can arise your query also.
There are no restrictions on the usage of your funds. Once you’ve received funding, you can use it as you see fit.
The first step to receiving funding is filling out our online application. Once filled out, we’ll get in touch with you to discuss your financing options. Depending on your business needs, you may be eligible to receive funding with the documentation provided in your application. In the case a financing option requires additional documentation, we’ll let you know. Once you’re approved, you can expect financing in as little as 24-48 hours.
Bad credit isn’t normally a deal breaker. Your financing options are based on business cash flow. If your business receives over $5,000 in gross deposits, we encourage you to apply.
Once your application and bank statements are submitted, it only takes 4-10 hours to receive a decision from underwriting. If you accept the offer, we can have the funds in your account in as little as 24 hours.
We can typically finance anywhere from 100% to 200% of your average monthly gross deposits.
Once approved, you’ll receive funding in a few hours. Normally we can fund within 24 hours of receiving the application and banking statements.
There are no penalties for early payment. In some cases, we offer discounts for paying your loan off early.
Yes, we can consolidate existing loans into one note. And we can also fund advances while having existing ones without paying them off. There are options.
Fill out our online application or contact us directly, and one of our representatives will be happy to assist you. Feel free to call us at (347) -778-5195