With one in every seven Brits now a card-carrying gym member and a 4.6% rise in UK fitness facilities over the past year alone*, it’s never been a more exciting time to run your own exercise emporium.
But as today’s gym buff becomes ever more discerning, gyms are starting to feel the burn when it comes to standing out from the competition. The problem is that providing up-to-date equipment and a top-of-the-range experience in order to attract and retain customers in this competitive marketplace doesn't come cheap.
Just as any business needs to adapt to changing market trends, your gym equipment and space will need to evolve regularly to keep you in the running.
However, while that new air-con system, locker room refurbishment or modern smart technology might be necessary to attract and retain your customers, your costs could go through the roof without the right level of financing in place.If the thought of parting with large volumes of cash upfront or battling with bank loan applications to help your business advance has you breaking out in a sweat, Love Finance might just be the tonic to your gym.
Solid financial offerings and flexible options that don’t require you to part with your hard-earned cash up front. Our ‘buy now, pay later’ options mean you can start clocking up earnings on those new running machines as soon as possible – you don’t need to pay for the equipment first – while spreading the repayment costs into manageable, monthly chunks.
No long-winded paperwork. While our team have a robust background in the financial sector, we like to think we’re a forward-thinking bunch. So all that tedious paperwork you might have expected to agonise over at your local bank can be kicked to the curb. This is the 21st century, after all.
Easier approval than you would get for a bank loan. We empower gyms to find out if they’re eligible for financial assistance in minutes, not weeks. There are fewer hoops to jump through for finance than there are for bank loans, and you don’t have to be a huge business either: finance has an average acceptance rate of 85% – so you could stand a better chance of being approved.No extra fees. What you see in our agreements is what you get – you won’t find any nasty little surprises waiting once you sign up.
We're automated but it's always nice to know there's a real person behind the scenes to support you, so if you have any questions or looking to enquire please don't hesitate to contact us.