What is Commercial Fitness Equipment Financing
Fitness Equipment Financing allows gym owners to pay for fitness equipment over time through monthly payments instead of a lump sum upfront, thus, conserving cashflow. Similar to a business loan or lease agreement, you make payment for the life of the term, then you have option to own it or return it depending on the type of lease you get. If you’re a gym, your subscribers will be paying for the lease payments of your equipment.
Types of Financing Options
Equipment Financing Loans:
- Secured loans specifically for purchasing equipment.
- Fixed interest rates and monthly payments.
- The equipment itself often serves as collateral.
Equipment Leasing:
- Rent equipment for a set period with the option to buy at the end.
- Lower monthly payments compared to loans.
- Suitable for businesses needing high-end equipment or looking to upgrade regularly.
Commercial Equipment Financing Companies:
- Specialized lenders focusing on commercial fitness equipment.
- Competitive rates and tailored repayment plans.
- Often provide financing for both new and used equipment.
SBA Loans:
- Small Business Administration (SBA) loans can be used for equipment purchases.
- Lower interest rates and longer repayment terms.
- Requires a thorough application process and good credit history.
SBA is probably the best route to use when acquiring a new practice office because it has the most affordable rate.
Ask About Our Financing Promotion:
Liberty Capital accommodates clients with to financing options that will yield very little working capital outlay.
Here’s our current promotion to save on cashflow.
- $99 for the first 6 months: Requires only $99 to start
- 90-day Deferred Payments
- $0 Down Equipment Financing
What you get when you finance your commercial equipment with Liberty Capital.
Fast simple online application. No financials up to $250,000. Corp-only (no personal guarantee).
Here are the benefits to financing your next used or used fitness equipment.
- Up to 120% equipment cost
- Up to $5,000,000 with financial statements
- Next-day funding approval
- 12 – 72-month fixed payment terms
- No down payment required for qualified borrowers.
- Lowest Rates in the industry for qualified borrowers
- Eligibility for all new and used equipment financing.
- Will not appear on personal credit reports.
- No pre-payment penalties
- Other off-balance sheet financing – Fair Market Value, 10%
- Lease – $1 buyouts.
- Equipment Finance Agreement (EFA)
Why Liberty Capital Group, Inc.?
At Liberty Capital Group, Inc., we understand the unique challenges startups face when seeking fitness equipment financing. Our expertise lies in structuring transactions to maximize approval chances.
Here’s how we can help:
- Tailored Solutions: We provide personalized financing solutions based on your specific needs, credit, time in business and commercial fitness industry.
- Expert Guidance: Our team has extensive experience in navigating the complexities of startup financing for fitness equipment.
- Flexible Terms: We work with you to find the most favorable terms possible, considering your credit and business situation when starting a new commercial fitness business.
What do I need to apply?
Ø ONLINE APPLICATION: You can fill out our application, upload and authorized us to process. We do soft-inquiry, and our lender will do hard inquiries once you are approved.
Ø Equipment Invoice or Quote for the equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you.
Ø Banks statements (3-4 months) – Once we have your application, your funding advisor will reach out to discuss the process, timeline, and expectations. We’ll then make an offer and if accepted, we’ll reach out to the vendor for payment instruction. We can pre-fund any vendor up to 100%. We can do used equipment up to 60 months.
