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Gym Equipment Financing, fast.
Apply for financing today to build your business, upgrade your equipment, or fund your next project.
Applying is free and won't impact your credit*
Proven gym equipment lending expertise.
Get the answers and the funding you need with support all along the way.
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*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.
How much can I qualify for?
Not sure what you need or what funding options are best for you? Use our simple calculator to get a rough idea of your options with no commitment, and apply when you’re ready.
Lendio knows the gym equipment business.
Being in construction means having a lot of things to manage. With Lendio, you can explore different financing structures to find the one that fits your company’s next big move.
Bridge seasonal downturn
Purchase supplies and materials
Upgrade gym equipment
Expand service offerings
Invest in marketing
What type of commercial real estate funding is best for your business?
These are the most popular types of funding that other gym equipment-based businesses qualify for through Lendio.
Business Line of Credit
Access available funds whenever you need them, and only pay interest on what you draw.
Revenue-Based Financing
Access funding based on your future revenue and repay with regular payments.
Business Term Loan
Borrow a lump-sum with a set repayment schedule, and get funding quickly with online options.
What types of business loans are available to gym equipment businesses?
Revenue-based financing
Also called a business cash advance, revenue-based financing provides funding based on expected future revenue. The business then pays the funder back in daily or weekly payments.
Term Length
1-15 months
Max Loan Amount
$1 million
Debt financing
Debt financing offers a lump sum of money that is paid back with fixed monthly payments. Term loans and SBA loans, which are partially guaranteed by the U.S. Small Business Administration (SBA), are two examples of debt financing.
Term Length
6 months-25 years
Max Loan Amount
$5 million
Line of credit
A line of credit offers a flexible way to cover business-related expenses for your gym. Once you’re approved, you can withdraw funds as you need to, up to a set credit limit. You’ll pay interest only on the amount you borrow.
Term Length
6-24 months
Max Loan Amount
Up to $250,000
Equipment financing
Equipment financing makes it easy to purchase or lease equipment for your gym. The funder will approve the gym equipment you can purchase with the financing.
Term Length
1-5 years
Max Loan Amount
$5 million
FAQs
Find answers to some commonly asked questions in the gym equipment industry.
What is gym equipment financing?
While there are no loan products that are exclusively designed for gyms, there are multiple types of financing solutions available that can be used to purchase gym equipment. These include revenue-based financing, debt financing, line of credit, and equipment financing.
What are the requirements to get gym loans?
Requirements for financing gym equipment vary by lender and loan type. In general, however, minimum requirements start at:
- A credit score minimum of 600
- Monthly revenue of $8,000 or more
- A business history of least six months
What can I use gym loans for?
Gym loans can be used to cover a variety of business-related expenses for your gym, health club, or fitness center. These include equipment, such as treadmills, ellipticals, and squat racks, marketing, insurance, employees, and new products and services, like massage therapy or healthy post-workout snacks or smoothies. Equipment financing, however, can be used only for designated equipment.
What are the benefits of an online loan marketplace?
An online loan marketplace like Lendio lets you apply in just 15 minutes and get funded in as little as 24 hours. You’ll be able to compare loan offers from multiple lenders and work with a funding manager to lock in the best rates and terms for your gym, health club, or fitness center. Rest assured that your funding manager will provide expert, personalized support every step of the way.
What is an SBA loan?
SBA loans are partially guaranteed by the U.S. Small Business Administration (SBA). Compared to other types of loans, these products offer large amounts, lengthy repayment terms, and lower rates you may not be able to find elsewhere. You can get an SBA loan from an SBA-approved lender, which may be a bank, credit union, or online lender.
What are the different types of SBA loans?
There are a number of SBA loans available. Some of the most popular SBA programs include SBA 7(a) loans, SBA 504 loans, and SBA microloans. Depending on the loan you choose, what you intend to do with the funds, and your business finances, you may lock in up to $5 million in funding with repayment terms of up to 25 years.
Ready for funding?
See what you can qualify for on the Lendio Marketplace.