Funding your project
Thinking of revamping an existing space or building a PT studio or gym from scratch, whilst keeping as much cash in the bank? Financing your project might make good business sense.
What do you need?
Do you need dumbbells sets, benches, racks, storage, treadmills, watt bikes, fridges, reception seating or new flooring? Basically if the building was turned upside down, everything that falls out can be financed. It doesn’t matter if what you need is bespoke manufactured or a custom colour, it can be financed.
How much needs funding?
You can finance some or all of your project with lease finance. If you wish to keep a good portion of available cash in the bank, then financing your entire project, but putting a large initial deposit could work for you and your own business circumstances. The beauty of financing your project is its totally bespoke to you and your needs, you decide what works for you.
Typically repayment terms are 2/3/4/5 years and you normally pay a deposit of 3 months worth of payments, however its up to you. a longer term reduces the monthly repayments, but the finance will take longer to pay off, however you can repay early for a small fee.
We recommend Johnson Reed Business Finance
Do you want your gym or fitness centre to have modern and high-quality equipment to attract and retain your members? We know that retaining and growing your number of members is one of the biggest challenges that you face.
You might think that brand new equipment is costly, but it doesn’t have to be! Equipment leasing from Johnson Reed is a fantastic way of getting finance for brand new equipment on terms which are far more favourable to traditional bank lending. Whether you are an established gym or leisure facility, a new starter, or a personal trainer, we can help provide the gym equipment you need. Incredibly flexible, we finance everything from a single treadmill to a whole room of bikes. Technology is ever-evolving in the gym and fitness industry. Keep ahead of the competition by leasing the very latest equipment.We tend to finance equipment between £5,000 – £100,000 but we also support nationwide chains where each location might require £1,000,000 of investment.
Welcome to Johnson Reed
Where common sense lending makes your investment reality. No long-winded tick box exercises and no set criteria. Just solid, traditional lending the way it should be. Person-to-person, business-to-business.