Fitness Centre & Gym Equipment
Fit-out Loans!

Do you currently own a gym, or are you hoping to open up a leisure centre in the near future? If so, then a loan for a gym fit-out may just be the finance option for you.

Get Finance

    Published On Date 06/12/2021 by Dana Boyd

    In recent years, fitness centres have grown in popularity and providers no longer need to be part of a huge franchise to set up business. Whether you are looking to start up a brand-new gymnasium and want to provide the latest equipment to your customers, or if you currently own a gym and are hoping to gain finance to purchase new equipment an equipment loan may be the right solution.

    Equipment finance can be a more secure method of lending than an unsecured business loan, therefore business owners may have a better chance of obtaining the funding that they need to open their desired fitness centre.

    How Do Gym Equipment Loans Work?

    When a loan is secured against equipment, it is imperative that the amount financed does not exceed the collateral value of the equipment itself. At the same time, the agreed duration of loan repayments cannot exceed the period of time in which the equipment is deemed as being ‘economically useful’. What this means is, that using outdated or damaged equipment as collateral for financing will not ensure the success of your application – or the eligibility of your business.

    As health and fitness-related venues often have larger amounts of specialised and expensive equipment than many other establishments, they can really benefit from the loan options made available by equipment finance.

    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 gym 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 gym 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 gym 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 gym 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 gym equipment financing:


    • Finance Lease. In this type of financing the gym equipment is owned by you (the lessee) and is not on your balance sheet. Payments made in full for its financing are tax-deductible. At the end of the finance term, the gym equipment is returned to the finance provider (the lessor) or purchased by you for an agreed price.
    • Operating Lease. In this type of financing the gym equipment is owned by the lessor and is not on your balance sheet. Payments made in full for its financing are tax-deductible. At the end of the finance term, the gym equipment can be returned to the lessor or purchased by you for an agreed price.
    • Commercial Hire Purchase. In this type of financing the gym equipment is owned by you and is categorised as on your balance sheet. In this type of financing, only the interest portion of your payments is tax-deductible but you can claim depreciation costs for the gym equipment. At the end of the finance term you own the gym equipment (although in some cases a final, residual payment may be required).
    • Chattel Mortgage. This type of financing is like a traditional secured loan where the gym equipment acts as security for the loan. Like the previous financing method, the gym equipment is owned by you, the interest component is tax-deductible and you can claim for depreciation costs. At the end of the finance term, you own the gym equipment outright.


    The type of financing you choose for your gym 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 gym 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 gym equipment couldn’t be easier. Simply complete the form at and a broker will be in touch with you to discuss your gym equipment finance needs.

    Speak to a Finance Broker Now

    You can speak to a finance broker immediately about your gym equipment finance needs by clicking the button below.