Fitness Industry & Gym Equipment Finance

The UK has approx. 3,700 fitness centres, clubs, outdoor venues, contributing to an industry worth over £10 billion.

Many gyms & fitness centres have experienced financial difficulties with 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.

Union Business Finance understands the importance of movement on both people's physical & mental health. Clubs and gyms 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.

What finance options are available for the fitness industry?

Asset finance

Gym-goers are looking for both variety and an abundance of equipment when they’re looking for a gym. To optimise workouts and ensure clients' safety, equipment also needs to be in great condition.

Asset financing enables you to purchase the necessary equipment your business needs to retain and attract new members or expand your business with the purchase of new premises.

Business loans

Business loans enable you to grow your business when asset finance isn’t an option. For example, you might be apprehensive about outright buying expensive new equipment in the current economic climate. Therefore, you might want to consider financial support for the leasing of equipment. This type of business loan can also help you expand your team, pay for training, or and introduce new workout & fitness classes such as yoga, pilates, or boxercise to compliment your core offering.

However, if you feel a business loan could benefit you, our team of expert finance brokers can go through your options to support your fitness business in the best way.

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.

Get started

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 clients 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 - £5 million
5* service every time

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!

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Disclaimer

Aintu Ltd T/A Union Business Finance is an independent Asset finance broker not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Aintu Ltd T/A Union Business Finance will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. Aintu Ltd T/A Union Business Finance is an appointed representative of AFS Compliance Ltd which is authorised and regulated by the Financial Conduct Authority under number 625035. Aintu Ltd T/A Union Business Finance aims to provide our customers with the highest standards of service. If our service fails to meet your requirements and you would like to report a complaint; please click on the link below;

https://www.afsuk.com/asset-finance-solutions/contact/complaints-procedure/