Financing Your New Gym
Financing Options for your Gym Business and Commercial Gym Equipment
Our goal is to make your dreams of owning your own gym a reality.
We have the lending capacity, experience and knowledge to make this process simple and painless. Whether you are opening a new gym or expanding your current location, Southern Gym Supply can handle your financing needs.APPly online with amerifund
Five reasons why financing your gym can be a better alternative to a bank loan.
Convenience and Ease
For most financing requests, Amerifund can make a decision with just a completed application. Conversely, most lending institutions will require tax returns, financial statements, bank statements and projections. This can take hours to accumulate. Time that keeps you away from your business and being able to generate income. At Amerifund, most customers will have answers and financing options within 24 to 48 hours.
At Amerifund, the only collateral pledged is the equipment being financed. Banks usually require a lien on ALL major assets of the business.
Amerifund does not require a large down payment on the equipment you are financing. In fact, sometimes no money down at all is required. On the other hand, bank loans may require up to a 40% down payment.
Amerifund gives you more flexible options at the end of the financing. The equipment can be purchased at a pre-set price, fair market value or returned.
Many of our financing options offer you the ability to write off 100% your monthly equipment payments. Bank loans typically only allow you to deduct the interest portion. Ask your accountant about the tax advantages to leasing.