Business Loans for Gyms & Fitness Centres

Borrow

from

£10,000

£5m.

Rates from

7%
£0 Deposit
Same Day Finance Available

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As of 2024, the UK has approx. 5,278 gyms, fitness centres, clubs, outdoor venues, contributing to an industry worth an estimated £1.8 billion.

Many gyms & fitness centres experienced financial difficulties during the global pandemic, resulting in some even closing completely. Post-pandemic, home gyms and online classes remain high, and the fitness industry is still struggling.

We also know that “Pay as you go” (PAYG) membership also adds a degree of uncertainty to the income of fitness establishments which can make it challenging to secure finance from some lenders.

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Please note this is not a quotation for finance, this is for illustrative purposes only. The figures are available to UK incorporated businesses only. The value provided is intended as a guide only. For an accurate quotation please contact us.

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Union Business Finance understands the importance of movement on both people's physical & mental health. Gyms and fitness centres are a great way of socialising with others and getting your heart racing, both of which are essential to overall well being. Our experience in helping clients within the fitness industry means our brokers are knowledgeable & passionate about supporting your business with the financial support they need.

Unlock Your Gym's Potential With Our Range of Loans and Finance Options

Asset finance

Gym-goers are looking for both variety and an abundance of equipment, coupled with the latest fitness technology. Asset financing enables you to purchase any new equipment which your business needs to retain and attract new members.

Asset finance can be used to purchase a range gym equipment or machines such as:

Commercial treadmills
Cross trainers
Rowing machines
Cycling machines and elliptical trainers
Strength training equipment
Dumbbells
Floor mats
Saunas and spas
Massage or treatment equipment
Entertainment systems such as TVs, monitors or sound systems

Asset Finance Solutions

Business loans

Available to existing businesses, our specialist secured and unsecured loans for gyms, spas, and health & fitness centres are perfect for improving the financial health of your business, enabling you to grow faster and stronger than your competition. These loans can be used for a range of purposes such as:

Improvements to customer facilities
Funding of leased gym equipment
Building improvements and maintenance
Health & safety equipment
Upgrading booking & payment systems and back-office hardware
Staff salaries or training
Marketing & advertising

Our team of expert finance brokers can go through your options to support your fitness business in the best way.

Business Loans

Fit-Out Finance

Planning a new business within the health and fitness industry is an exciting time, but the initial outlay for equipment is expensive. There are no short-cuts; you need the very latest and best equipment to stand out, attract new clientele, and retain customers in this very competitor sector. Thankfully we have access to a wide range of fit-out finance solutions and loans tailored for gyms, health clubs, and other businesses within the health & fitness industry. From state-of-the-art gym equipment to vibrant interiors, fully equipped changing rooms and cafe’s, we fuel your vision with flexible funding options and competitive rates.

With quick approvals and competitive rates, contact our team to discuss your requirements and discover how we can help you today.

Fit-Out Finance

Cash Flow Loans

Cash flow loans can be used to:

Help cover unexpected or emergency expenses
Consolidate debts
Pay staff wages
Pay utility bills

Cash flow loans can often be arranged the same day, so if you are in urgent need of support, contact our friendly team today.

Business Acquisition Loans

Thinking of buying a gym or fitness business? Then you’ll be needing our specialist business acquisition finance for health and fitness industry businesses. You can utilise this type of finance for:

Purchasing a franchise opportunity
Buying an existing gym, spa, fitness centre, etc
Management buyouts / buy-ins

If you would like to know more about the available funding options for purchasing an existing gym or fitness business, speak with our friendly team who will be happy to help.

Business Acquisition Finance

How it works

Consulting

Let’s talk about where your business is, and where you want it to be.

Pre-underwriting

Send us your supporting financials for us to review, and we’ll get a proposal sent for credit approval.

Paid out

72 hours later, once approved, and signed on the dotted line, funds will be released.

Eligibility requirements

Our experienced team of account managers enable us to offer not only competitive but flexible loans tailored for your business. We take the membership-focused approach of the fitness industry into consideration, along with your individual business history & ambitions to tailor our service to you.

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What can you get funding for?

Here are just a few examples of what you might be able to access with business finance from us:

New & updated equipment, such as rowing machines, treadmills, Artis climbing machine, weighted machines
Premises for new gym locations, gym expansion or refurbishment.
Building works partitioning flooring etc
Investing into marketing & branding to attract new members

What are the benefits of fitness business finance?

In an industry that relies so much on recurring income from members, but one that has experienced such a recent decline, the need for a financial loan to support your business is ever-growing. Union Business Finance can help you choose and secure the right financial loan for your fitness business.

This allows you to:

Sign new contracts, both with new centres & members
Keep members already happy to reduce moving to competitors
Secure a steady cash flow during unstable times

Why Union Business Finance?

Union Business Finance is able to offer our gym owners industry-specific finance options. We work with you to understand your own business's brand, its values and future goals. The importance of the fitness industry is huge on people’s physical & mental health and that is why Union Business Finance wants to support you if you’re in need of financial support. Whatever your goal, we’re here to work with you and value the importance of establishing a good relationship with all clients.

We offer:

Access to a portfolio of funding options from 100+ lenders
More than 10 years of experience
Loans from

£10,000

-

£5m.
5* service every time
Interest rates from as low as

7%

We offer a service that is:

Transparent - Understanding your businesses values & providing you with the knowledge you need to make the right decision for you
Ethical - We always have the client's best interests in mind
Personable - We focus on building relationships with our clients that are reliable & honest

Our team brings a wide range of experience, thorough knowledge & understanding of the financial climate in order to help you find the best funding solutions.

Ready to get started? Let’s do it!

Contact us using the form below

At Union Business Finance, we believe that every business within the fitness industry is unique, and therefore the best funding soluton is one which is tailored to your specific needs.

Contact our friendly team today for a no obligation chat on 01442 617 799 or contact us using the form below and we will call you back.

UK Phone Number... *

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