Health & Fitness Club Funding
Challenges for Health and Fitness Clubs
As the owner of a health and fitness club, customers are always looking to extract more value from your business. To attract and retain customers you need to be on top of the latest trends, which can mean investing in new equipment, hiring and training the best staff and improving your facilities. At the same time, business can be hard to predict, and you need to be constantly refilling the “funnel” for new customers.
You need access to working capital to meet these challenges and capitalize on opportunities, but securing loans from banks can be difficult. If your business is smaller, or you’ve had credit issues in the past, you may be turned away. Even if you qualify, it can take up to several months to get the cash you need now.
Working Capital from iBusiness
Working capital from iBusiness is different. We evaluate your application based on your real-world business data, not on just personal FICO scores, and make a decision in less than 24 hours. If you are approved, you can get up to $250k deposited directly into your business account in 72 hours or less. How do you pay it back? We work with you to find the correct product that will be automatically deducted from your business bank account.
How do you pay it back? We work with you to pinpoint a small repayment amount – a percentage of your daily sales – that is automatically deducted from your merchant account. If sales slow temporarily, so will your repayments, so you can always operate your business comfortably.
Advancing Your Business
What can you use your funding for? It’s up to you, but health and fitness club owners have used their working capital for:
- Buying and renting equipment.
- Opening another location.
- Renovating your space.
- Advertising to get more customers.
- Hiring and training staff.
- Anything else you need.
How do you know if you qualify? Most businesses that have been around for at least six months and have a monthly revenue of $6,500 or more can get funding from iBusiness. Don’t wait any longer – click the “get started now” button or call us at 855-462-4249.