Get up to 800 000$

Gym Equipment Financing!

Fast & easy business loans…

100% secure process

Gym Equipment Financing

Get financing from $5,000 to $800,000 for your business gym equipment in just a few business days.

Just click on one of the big blue “Get Started” buttons to start the application process and get pre-approved in less than a minute.

How does it work?

3 easy steps:

5 minutes

1. Fill out the questionnaire

Answer a couple simple questions about your financing needs thanks to our secure and easy to navigate quiz.

1 business day

2. Choose a financing option

Receive a call from one of our agents to navigate the financing options available to your business.

Same day

3. Get the funds for your business

Once approved and the contract is signed, receive your funds on the same day directly to your bank account.

Get Started

How does gym equipment financing work?

Getting gym equipment financing for your business is easy, it’s a fixed term loan repaid by pre-determined fixed payments until the loan and interest are paid in full.

What are the eligibility criteria?

Here are the eligibility criteria to qualify for a fixed term business loan:

Annual income: 120 000$

The company has been operating for at least 6 months

No active bankruptcy

The company operates in Canada

Who can lend money to businesses to finance equipment?

There are several ways to finance gym equipment for a business in Canada.

Among them:

Bank and private loans: businesses can apply for a bank or private loan to finance the purchase of equipment.
Government grants: there are government grant programs to help businesses purchase equipment.
Leasing: businesses can rent equipment with purchase options at the end of the contract term.

What are you waiting for?

Get pre-approved in less than 5 minutes…

Get Started

100% secure process

FAQ

What is the business term loan rate for financing gym equipment?

Interest rates for fixed repayment business loans vary between 8% and 29% depending on the financial situation of your business and that of its owner.

What type of gym equipment can you finance?

Our equipment finance business e-loan will allow you to finance any type of gym equipment, including:
– Chin-up bars
– Weights and dumbbells
– Strength machines
– Cardio machines
– Treadmills
– and more.

What are the eligibility criteria?

To qualify for computer equipment financing for your business with us and our partners, you must meet the following criteria: a personal credit score of at least 550, a business credit score of at least 1300, be a Canadian company, have been in business in Canada for at least 6 months, and not be in active bankruptcy.

Which industries are not accepted?

Although we provide business loans to over 700 industries, we and our partners cannot provide financing for certain industries considered risky: firearms suppliers, government agencies, horoscope/divination, adult entertainment, public administration, NPOs, religious organizations, money service businesses and all activities related to lotteries/casinos/betting.

How does it work?

The application process for a business loan is simple. Click the “Get Started” button and answer quick questions for pre-approval. If you are qualified, one of our representatives will contact you to finalize the process with a few additional questions.

Example of repayment of a fixed-term loan

In the example of a loan of $35,000 at an interest rate of 9% repayable over 12 months, the monthly payments will be $3,060.80 for a total amount of $36,729.62. Interest on the loan will be $1729.62.

You can use the following loan calculator offered by calculator.net to reproduce and view other business loan repayment examples.