CrossFit has gained immense popularity in the United States over recent years. There are many CrossFit gyms across the country, with more and more opening constantly. Opening and maintaining a CrossFit gym can incur a number of costs. For example, the affiliate fee, equipment costs, rent, and more can add up quickly. Luckily, there are a number of options for CrossFit gym financing.
The affiliate fee, equipment costs, rent, utilities, marketing, and payroll can easily add up into the thousands each month. However, there are banks, credit unions, and alternative lenders that can help you afford these costs. Traditionally, banks have certain criteria for lending out money to borrowers. They will usually not lend less than $100,000, which is the minimum amount that will earn them a profit. They will not lend out money to businesses younger than three years, ones with bad credit scores, or ones that need money fast.
CrossFit gym financing from Small Business Funding can be a more attractive option for gym owners. We can connect your CrossFit gym business with lenders that have other criteria for loans, like the type of business that the industry is in and its current performance. Don’t waste your time jumping through hoops with conventional banks just to get denied for a loan. Look to apply for a CrossFit gym business loan through Small Business Funding.
Expansion, hiring, repairs, equipment, or just working capital can be a hassle for any gym owner. Let Small Business Funding do all the leg work for you to get you your fitness center business loans. We will work day and night to find the best type of loan for your business. It can be either an unsecured business loan, a merchant cash advance or even an asset based loan. To receive fitness center business loans within 5 days apply here.