
FITNESS CENTER SBA 7(a) LOANS
Running a fitness center means building a vibrant community focused on health and wellness. We understand the challenges you face in this competitive landscape. The SBA 7(a) loan is a top financing choice for fitness centers due to its flexibility and accessibility. Whether you’re looking to expand your space or upgrade your equipment, this program provides essential benefits tailored to support your business.
Longer Repayment Terms
SBA 7(a) loans offer repayment periods up to 10 years for business needs like working capital or equipment and up to 25 years for real estate. Loans with terms shorter than 15 years allow penalty-free early repayment. For terms over 15 years, prepayment penalties apply in the first three years: 5% in year one, 3% in year two, and 1% in year three. After this period, you can repay in full without penalties, offering financial flexibility.
Competitive Interest Rates
Take advantage of SBA 7(a) loans’ favorable interest rates to reduce the cost of financing for your business. The government guarantee minimizes our risk, allowing us to offer you more competitive terms than standard lenders.
Lower Down Payments
The government guaranty also enables small business owners to secure financing with lower down payments compared to traditional business loans, typically up to 20% of the total project cost but in some cases as low as 0%.
Flexible Use of Funds
The SBA 7(a) loan program is widely regarded as a top choice for small businesses due to its unmatched flexibility. Unlike many traditional loans that impose strict limitations, 7(a) loans empower businesses to meet a variety of financial needs, making them versatile for nearly any business purpose or stage of growth.
What Can SBA 7(a) Do for Your Fitness Center?
Our flexible financing solutions allow you to invest in the most critical aspects of your business, whether it's one specific area or several at once:
Business Expansion
Whether you’re adding new classes, expanding your facility, or upgrading your equipment, our loans provide the capital you need to successfully grow your fitness center.
Equipment & Technology
Invest in state-of-the-art equipment and innovative technology to elevate your fitness center's offerings and enhance member experience.
Real Estate Investments
Purchase, build, or refinance your gym to give your business a solid foundation for growth and success.
Working Capital
Ensure smooth day-to-day operations by covering essential expenses like payroll, equipment, and marketing.
Debt Refinancing
Simplify your financial management by consolidating multiple loans into one, often with better terms.
Solutions for Every Stage of Your Fitness Center
Our SBA 7(a) loans are designed to support fitness center owners throughout their careers, whether you’re just getting started, expanding your business, or preparing for retirement.