Gym Equipment Financing

Faster, easier small business financing with one simple application—no bank needed.

Applying is free and won’t impact your credit.

Reviews from gym owners.

Keith Yungel

AUGUST 6, 2023

Gym Expansion

I needed funding for the expansion of my gym. Taylor DeNatalie took the time to walk me through all of my options, and allowed me to take the time to consider each one. She made things happen quickly once we came to a decision. Huge thank you to Taylor and Lendio!


MARCH 13, 2022

Equipment loan and unsecured loan process went smoothly and fast

The process went smoothly and fast. They checked in with us on a daily basis to make sure that we didn’t need any assistance.
They made a transition process painless.

Cristina Posada

SEPTEMBER 29, 2022

Craig Burton exceeded my expectations…

Craig Burton exceeded my expectations on how easy he made the process to get an equipment loan for my business. From the moment I started the inquiry he reached out and took care of business! I can’t believe the whole process took just two days! I’m extremely happy with the great customer service Lendio has always provided and in this case Craig Burton! Thank you so so much!

Lendio knows gym small businesses.

Whether you’re looking to purchase new equipment or replace outdated, worn equipment with newer models, we have you covered.

Your gym, health club, or fitness center depends on quality equipment each and every day. That’s why financing gym equipment makes sense. This strategy can ensure you have the funds to lease or purchase essential gym equipment, such as treadmills, ellipticals, bikes, rowing machines, and squat racks.

To connect to gym loans that are right for your unique gym, fill out one short application. We take the time and hassle of financing gym equipment, so you can get the equipment you need quickly and meet—or even exceed—your business goals.

Why Lendio?

Quick & easy

Apply in just 15 minutes and get funded in as little as 24 hours

Your partner in business financing

Get personalized support throughout the funding process. Your funding manager will be with you every step of the way to answer your questions and advocate for you.

Offers tailored to your business

Compare loan offers from multiple lenders. With over 75+ lenders in our network, your funding manager will work with you to ensure you get the best rates and terms for your business.

How our loan matching process works.


Fill out our simple application.

Answer just a few questions about your business to see which lending products you qualify for. We’ve partnered with over 75 lenders, allowing us to find the best option or your business.


We’ll connect you with a funding specialist.

One of our funding specialists will reach out to you to get to know your business better. Since every business is unique, we want to make sure we find the loan type that’s perfect for your needs.


Compare loan offers.

Compare different offers curated for your business. Select the capital amount and rate that will help take your business to the next level.


Get funded.

We work with lenders that can fund you fast. Once you’re approved, you’ll be able to access your capital in as little as 24 hours.

Types of business loans for the gym industry.

Revenue-based financing

Also called a business cash advance, revenue-based financing provides funding based on expected future revenue. The business then pays the funder back in daily or weekly payments. 


1-15 months

$1 million

Debt financing

Debt financing offers a lump sum of money that is paid back with fixed monthly payments. Term loans and SBA loans, which are partially guaranteed by the U.S. Small Business Administration (SBA), are two examples of debt financing. 


6 months-25 years

$5 million

Line of credit

A line of credit offers a flexible way to cover business-related expenses for your gym. Once you’re approved, you can withdraw funds as you need to, up to a set credit limit. You’ll pay interest only on the amount you borrow. 


6-24 months

Up to $250,000

Equipment financing

Equipment financing makes it easy to purchase or lease equipment for your gym. The funder will approve the gym equipment you can purchase with the financing.


1-5 years

$5 million


While there are no loan products that are exclusively designed for gyms, there are multiple types of financing solutions available that can be used to purchase gym equipment. These include revenue-based financing, debt financing, line of credit, and equipment financing. 


Requirements for financing gym equipment vary by lender and loan type. In general, however, minimum requirements start at: 

  • A credit score minimum of 600 
  • Monthly revenue of $8,000 or more
  • A business history of least six months


Gym loans can be used to cover a variety of business-related expenses for your gym, health club, or fitness center. These include equipment, such as treadmills, ellipticals, and squat racks, marketing, insurance, employees, and new products and services, like massage therapy or healthy post-workout snacks or smoothies. Equipment financing, however, can be used only for designated equipment.

An online loan marketplace like Lendio lets you apply in just 15 minutes and get funded in as little as 24 hours. You’ll be able to compare loan offers from multiple lenders and work with a funding manager to lock in the best rates and terms for your gym, health club, or fitness center. Rest assured that your funding manager will provide expert, personalized support every step of the way. 

SBA loans are partially guaranteed by the U.S. Small Business Administration (SBA). Compared to other types of loans, these products offer large amounts, lengthy repayment terms, and lower rates you may not be able to find elsewhere. You can get an SBA loan from an SBA-approved lender, which may be a bank, credit union, or online lender.

There are a number of SBA loans available. Some of the most popular SBA programs include  SBA 7(a) loans, SBA 504 loans, and SBA microloans. Depending on the loan you choose, what you intend to do with the funds, and your business finances, you may lock in up to $5 million in funding with repayment terms of up to 25 years.

8 out 10 Lendio employees* or their families own a small business.

*based on 136 Lendio employees who responded to an internal poll

Quickly compare financing options from multiple funders.

Applying is free and won’t impact your credit

Talk to a rep at (855) 853-6346
Mon-Fri 7:30am-5pm MST