Second Location Gym Equipment Financing in Maine
Updated equipment attracts new members. If you need to upgrade treadmills, racks, selectorized lines, free weights, turf & flooring, lockers, showers, HVAC, TVs and POS without choking cash flow, Second Location Gym Equipment Financing in Maine can be structured for you either financing or leases to fit seasonality, pre-sales, and growth. Membership retention is critical to keeping cashflow on point. Expansion capital must be looked at based on how long you want to align your amortization.
Compare Business Loans, MCA, and Equipment Financing vs Second Location Gym Equipment Financing in Maine
| Feature | Business Loans | Merchant Cash Advance | Equipment Financing |
|---|---|---|---|
| Ownership | 50% | 50% | 100% |
| Origination / Admin / Titling Fees | Low | Low to moderate | Varies |
| Payment Cadence | Monthly, Daily, Weekly | Daily / Weekly | Monthly |
| Credit Minimum | 600 | 500 | 650 |
| Disbursement | Client | Client | Vendor |
| New/Used Eligible | n/a | n/a | Yes |
| Maximum Term | 24 months | 12 months | 60 months |
| Time in Business | 2+ years | 6 months | Startup OK |
| Rates | Moderate | High | Low |
| Application-Only | $150K | $250K | $250K |
| Funding Time | Same day funding | Same day | 1–5 days |
Reality check: MCA is fast but expensive. If equipment is the driver, equipment financing or leases usually deliver the best total cost and fit.
Promotions & Flexible Programs – Second Location Gym Equipment Financing in Maine
- $99 for the first 12 months
- 90-Day Deferral (no payments first 3 months)
- Seasonally varied plans
- 0% for 24 months with 20% buyout (select equipment)
- Stepped-down leases that follow depreciation
- Fast online approvals to $150,000 (higher with financials)
Gym Equipment Financing vs. Leasing in Maine
Fitness Equipment Financing
Own your cardio and strength assets over time with fixed payments and terms up to 60 months.
- Build equity in treadmills, ellipticals, selectorized & plate-loaded lines
- Vendor paid directly; install/delivery often included
Fitness Equipment Leasing (FMV)
Off-balance-sheet style option with end-of-term flexibility.
- Lower monthly payment; 100% deductible payments (consult CPA)
- Options to purchase (e.g., 10% or FMV), return, or upgrade
Both paths preserve cash, avoid large upfront costs, and keep your facility competitive with consistent upgrades.
Explore Fitness, Gym & Wellness Financing Programs in Maine
- Up to 120% equipment cost (soft costs included)
- App-only up to $150,000
- Up to $5,000,000 with financials
- Next-day funding approval
- 12–60 month fixed terms
- No down payment for qualified borrowers
- Competitive rates for qualified credit
- New & used equipment eligible
- Does not report to personal credit
- No pre-payment penalties
Credit Requirements for New Gym Owners
- Active business license / entity
- Personal guarantees from all owners
- Minimum 600 credit score
- No bankruptcies in last 7 years
- No unresolved tax liens
What Is “Application-Only” Equipment Financing?
When you don’t have full financials (common in new gyms and boutiques), application-only lets you qualify based on time in business, credit history, and bank statements—without tax returns. Apply to $250,000 application-only in select programs.
Fitness & Gym Equipment We Finance
- Treadmills, ellipticals, rowers, bikes
- Racks, benches, barbells, dumbbells, kettlebells
- Selectorized & plate-loaded machines
- Cable stations, functional trainers, rigs
- Flooring, turf, mirrors, mats
- Lockers, showers, saunas, laundry
- POS, access control, TVs & AV
- HVAC and electrical upgrades (soft costs)
Why It’s Easier Than a Bank Loan
- Less paperwork
- Equipment is the collateral
- Faster processing & funding
- Flexible credit windows
Fitness, Gym & Wellness Equipment Financing — FAQ
How does equipment financing work for gyms?
We fund the purchase or lease of your equipment. You repay in monthly installments over a set term. With leasing, you may buy, return, or upgrade at term end.
What equipment can be financed?
Cardio, strength, flooring, lockers, AV, access control—new or used. We pay approved vendors directly.
What are the benefits vs. paying cash?
Preserve capital, match payments to memberships, potential tax benefits, and keep your facility modern with planned upgrades.
Is a down payment required?
Depends on credit, time in business, and program. Many qualified borrowers can access $0 down options.
Can I add construction or installation costs?
Yes, we can include soft costs such as delivery, install, flooring, HVAC, and electrical in many programs.
Can I finance upgrades or expansions?
Yes. Use financing for refreshes, new services (e.g., recovery zone), or additional locations. We can also structure seasonal and stepped payments.
What Do I Need to Apply?
- Online Application: Complete, upload, authorize. Soft inquiry up front; hard inquiry may occur upon approval for equipment financing.
- Equipment Invoice/Quote: Multiple vendors welcome. We can bundle into one monthly payment.
- 3–4 Months Bank Statements: To verify income, banking, and funds; align for ACH autopay.
Online Application — Fitness, Gym & Wellness Equipment Financing
Prefer to price it first? Get an instant quote.
Vendor & Dealer Financing Partnerships
Liberty Capital offers Vendor Financing Programs that empower fitness equipment manufacturers, dealers, and distributors to close more sales by offering in-house financing solutions. Our vendor financing partnership provides your customers access to flexible payment terms while you get paid upfront.
Benefits for Vendors
- Accelerate sales cycle with pre-approved financing offers
- Get paid in full within 24–48 hours after funding
- Co-branded applications and instant credit decisions
- Dedicated Liberty Capital account manager support
- Vendor dashboard for tracking applications & deals
Benefits for Customers
- Access to affordable monthly payments for new or used equipment
- Fast, simple application-only process up to $250,000
- Low or zero down payment programs
- Option to bundle installation, flooring, HVAC, and buildout costs
- Tax advantages via Section 179 deductions
Our Vendor Financing Program is designed to strengthen long-term relationships between equipment dealers and business owners, ensuring smooth transactions and repeat business opportunities.