Quoted amount
Ask whether any fees would be taken out before the funds reach your account.
Business financing referrals · Fitness businesses
Plan the equipment behind the classes you want to run.
A fitness business may need new training equipment, more usable floor space or resources for an additional location. Describe the actual purchase and the operating period around it.
Fitness businesses · funding preparation
The budget behind the request
Membership sign-ups, renewals and prepaid classes are not identical revenue streams. Review how cancellations and quieter periods would affect the cash available for financing payments.
Before you decide
When reviewing a provider offer
Total payable
Review the combined repayment obligation rather than judging the offer by one payment.
Conditions attached
Read the requirements for security, reporting and any permitted uses of funds.
Possible uses
Business expenses to describe
Training equipment
Machines, weights and training stations may require flooring or changes to the room layout. Include delivery, assembly and servicing arrangements alongside the purchase.
Facility improvements
Changing areas, ventilation and flooring can affect how the studio is used. Budget for the work and any classes displaced while it takes place.
Business expansion
An additional room or location brings deposits, fit-out and opening costs before membership revenue develops. Keep those setup expenses separate from the existing studio’s running costs.
How it works
The application process
Purchase or expense
Use a quote or a clearly marked estimate to work out the amount you are requesting.
Application questions
Provide industry, trading history, revenue and approximate personal credit information in the relevant fields.
Before sending
Check the contact information and disclosures, complete number verification and confirm the submission.
A few things to know
About this referral service
Information sharing and referral payments
Up to five funding partners may receive an application through a paid referral from us. We sell the application and contact information, receive compensation without a funding requirement, and do not collect an application fee from you.
Approval and available terms
Approval cannot be assumed from a successful form submission. Any offer depends on the funding partner’s assessment and the conditions attached to its product.
Provider timing
An equipment delivery date and a financing date may not line up. Ask the provider to confirm its timetable before making a commitment that relies on receiving funds.
Contact consent and mobile verification
Partner contact and information sharing are described in the form and linked policies. Read those details before verifying the number and submitting your business information.
Make a beginning
Start with your business funding request
Begin with the purchase or operating period you need funds to cover, then complete the business questions.