Financing for gym equipment.
"Empowering gym owners and fitness enthusiasts with flexible financing and leasing solutions for top-quality equipment—build your dream gym today!"
Minimum requirements for gym equipment loans.
Gym equipment loan essentials
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MONTHLY INCOME
$8,000+
TIME IN BUSINESS
1 YEAR+
CREDIT SCORE
600+
Founder Funding understands the needs of fitness industry .
Investing in high-quality fitness equipment is essential for running a successful gym, but the upfront costs can be overwhelming. That’s where Founder Funding comes in—offering flexible gym equipment financing to help you grow your business while maintaining cash flow. Here’s why financing your gym equipment is a smart move:
Access to the Best Equipment
Stay competitive by investing in state-of-the-art treadmills, weight machines, and specialty fitness gear without breaking the bank. Financing gives you the ability to afford higher-quality equipment that attracts and retains members.
Flexible Payment Options
Founder Funding offers customized financing plans tailored to your budget and business goals. Whether you prefer short-term or long-term repayment options, we provide solutions that work for you.
Quick & Easy Approval Process
Traditional bank loans can be slow and difficult to qualify for. With Founder Funding, our streamlined approval processgets you access to funds fast, often within 24 hours—so you can equip your gym without unnecessary delays.
Potential Tax Advantages
Financing your gym equipment may offer tax benefits under Section 179 of the IRS tax code, allowing you to deduct the full cost or depreciate your equipment over time. Always consult a tax professional to maximize your savings.
What are tax benefits of financing gym equipment ?
Yes, there are tax benefits for gyms purchasing equipment. Here are some key advantages:
1. Section 179 Deduction – Gyms can deduct the full cost of eligible equipment (such as treadmills, weight machines, and bikes) in the year it is purchased, rather than depreciating it over time.
2. Bonus Depreciation – Businesses can take an additional deduction for new or used equipment purchases, allowing them to write off a significant portion in the first year.
3. Standard Depreciation – If the full cost isn’t deducted under Section 179, gyms can still depreciate the equipment over several years, reducing taxable income annually.
4. Lease Payments as a Deduction – If the gym leases equipment, lease payments may be deductible as an operating expense, lowering taxable income.
5. Loan Interest Deduction – If financing is used to purchase gym equipment, the interest paid on the loan may be tax-deductible as a business expense.
Since tax laws vary, it’s best to consult with a tax professional to maximize deductions and ensure compliance with IRS regulations.
How to apply for fitness business loans.
1. Provide Business Information
Share a few details about your business by completing a quick and easy application in just minutes.
2. Submit Your Application
Submit your application. The process is free and won’t affect your credit score.
3. Review and Compare Offers
Explore funding options to find the terms that align with your business needs and goals.
4. Receive Your Funds
Once you accept an offer, the funds can be deposited into your bank account in as little as 24 hours.
Type of funding options for gym business ?
We offer a wide range of funding for gym equipment...
Equipment financing
With manageable monthly payments, you can upgrade your fleet, reduce downtime, and boost productivity. Choose financing to grow your gym business and tackle bigger opportunities.
Sba loan
An SBA (Small Business Administration) loan is a government-backed loan for small businesses. It usually has lower interest rates and longer repayment terms than traditional business loans. SBA loans can be used for various purposes, such as buying equipment, expanding, refinancing debt, or covering operational costs.
Line of credit
Keep your gym running smoothly with flexible equipment financing. A business line of credit provides access to funds up to a set limit, perfect for upgrading machines, handling unexpected repairs, or investing in new fitness equipment. You only pay interest on what you use, giving you cost-effective financial control while keeping your facility in peak condition.
Revenue-based financing
Revenue-based financing, also known as a business cash advance, offers funding based on your gym’s projected future revenue. Instead of fixed monthly payments, you repay the funder through manageable daily or weekly installments, making it a flexible and cash flow-friendly option for gym owners looking to invest in growth without straining their budget.
*The information contained in this page is Founder Funding’s opinion based on Founder Funding’s research, methodology, evaluation, and other factors. The information provided is accurate at the time of the initial publishing of the page (November 28, 2022). While Founder Funding strives to maintain this information to ensure that it is up to date, this information may be different than what you see in other contexts, including when visiting the financial information, a different service provider, or a specific product’s site. All information provided in this page is presented to you without warranty. When evaluating offers, please review the financial institution’s terms and conditions, relevant policies, contractual agreements, and other applicable information. Please note that the ranges provided here are not pre-qualified offers and may be greater or less than the ranges provided based on information contained in your business financing application. Founder Funding may receive compensation from the financial institutions evaluated on this page in the event that you receive business financing through that financial institution.*
