If you’re planning on upgrading your commercial gym facility to accommodate for particular clients and exercise options – you definitely won’t go wrong by purchasing a new set of gym equipment.
From the most advanced treadmill to a fully functional rowing machine; if your gym isn’t equipped with the right gear and accessories, you could soon find yourself struggling to reap the rewards!
Published On Date 06/12/2021 by Dana Boyd
If there’s one thing that we understand here at Equipment Loans Online, it’s that gym equipment can be expensive, with even a single machine costing several thousand dollars.
As a gym owner, you’ll be faced with one of two options.
The first? You could overlook your gym’s needs in favour of making do with what you have – but what business ever thrived by ‘making do’?
The second, and far more effective solution, would be to purchase a brand new set of gear, but what can you do to secure the money that you need, without affecting your own profits?
Equipment finance may provide you with the solution you are after!
Our team specialise in connecting our clients with reputable lenders; all of which are fully evaluated by our experts and then compared on your behalf.
Whether you need $5,000 or $105,000, we are always on hand to compare rates, source the most suitable deals and present them to you as our client – so that you can pick the offer that suits you.
The fitness equipment that your gym could so desperately do with could be funded by your lender and then you’ll be able to take advantage of it all as soon as it arrives.
If you’d like to get your application underway, or for a little extra advice, why not send our team of experts a quick email? If you’d prefer to have a chat with a friendly broker, you can reach us on the phone, too!
Getting finance to purchase fitness equipment means that you don’t need to pay for it upfront. You can receive the purchase price funds required from a lender and pay it back over a specified period while having use of the equipment for your business.
It is a convenient way to finance fitness equipment without having to make a large capital outlay that could impact your cash flow or balance sheet.
The main benefit of financing the purchase of fitness equipment is that you can invest in your business without tying up capital or impacting your cash flow. It means you can acquire the equipment without having to provide the funds yourself and then repay them over time. This helps to avoid the risks of having such a large capital expenditure on your balance sheet.
Both large and small businesses use equipment financing as a way to make large capital expenditures while managing their cash flow and the company’s balance sheet. It allows you to acquire fitness equipment for your business whilst also avoiding the uncertainties that are associated with large capital expenditures.
There are four main types of loans available for fitness equipment financing:
The type of financing you choose for your fitness equipment will depend on your specific business needs including the tax implications of payments and depreciation costs, whether you want it on your balance sheet and whether you want to have ownership of the fitness equipment the end of the finance term (and whether you have to make an additional payment).
Applying for a loan to finance the purchase of your fitness equipment couldn’t be easier. Simply complete the form at https://equipmentloansonline.com.au/application-for-finance and a broker will be in touch with you to discuss your fitness equipment finance needs.
You can speak to a finance broker immediately about your fitness equipment finance needs by clicking the button below.