Quick answer: Gyms and fitness studios most often use equipment financing for cardio and strength equipment, a term loan for build-outs, renovations and new locations, and a line of credit to handle membership swings and seasonal dips. Established gyms with steady membership deposits can often be funded the same day by a non-bank lender.
Why gyms and fitness studios need financing
Commercial fitness equipment wears out and needs replacing, members expect updated facilities, and new locations require large build-outs. Membership revenue typically spikes in January and dips in summer, while rent and payroll stay the same.
Common uses for gym and fitness financing
- Cardio and strength equipment
- Studio build-outs and renovations
- Locker rooms, showers and HVAC upgrades
- Opening a new location
- Membership and booking software
- Marketing campaigns for new members
Financing options for gyms and fitness studios compared
| Option | Best for | Speed |
|---|---|---|
| Equipment financing | Cardio and strength equipment | A few days |
| Term loan | Build-outs, renovations, new locations | Same day to 2 days |
| Line of credit | Seasonal membership swings | 1–3 days |
| SBA loan | Buying a gym or building | Several weeks |
What lenders look at for gyms and fitness studios
Lenders look at recurring membership deposits, retention, rent and existing equipment payments, and time in business. Steady monthly membership revenue is a strong signal.
What you need to qualify with Brookestone Funding
- 2+ years in business
- $30,000+ in monthly revenue
- 600+ credit score
- Recent business bank statements
Qualified gyms and fitness studios can borrow $10,000 to $2,000,000 with terms up to 36 months and rates starting at 8%. Complete applications submitted early in the day can be funded the same day.
Tips before you apply
- Have bank statements showing recurring membership payments.
- Know your member count, churn and average revenue per member.
- Get equipment and contractor quotes before applying.
- Compare offers on the total amount you’ll repay, not just the rate, and size the payment to your slowest month.
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Frequently Asked Questions
Can a gym or fitness studio get a business loan with a 600 credit score?
Yes. Brookestone Funding works with gyms and fitness studios that have a 600+ credit score, 2+ years in business and $30,000+ in monthly revenue.
How fast can a gym or fitness studio get funded?
Qualified gyms and fitness studios can often be funded the same day with a business term loan, or within 1–3 days with a line of credit, once the application and recent bank statements are complete.
Can a gym finance new equipment?
Yes. Equipment financing is the most common way to buy commercial fitness equipment, and a term loan can cover equipment plus installation or renovations.
What do lenders look at for a fitness studio?
Mainly recurring membership deposits, time in business, existing debt and credit.
Ready to see what your gym or fitness studio qualifies for? Brookestone Funding offers business term loans, lines of credit and SBA loans from $10,000 to $2,000,000, with same-day funding available for qualified businesses. Apply in minutes, see our business loan options, or call 212-258-0602.
