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Equipment finance [Archive] - Personal Trainer Forum | Personal Training Forum
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goahead
07-18-2008, 10:56 AM
I'm considering opening a personal training studio
has anyone here already done this or planning on doing it?
any good advice welcomed!
also i would need to finance the equipment, who would you recommend
Portman Asset Finance
08-13-2009, 01:16 PM
Hi,

It's pretty difficult at the moment for a new gym business owner to get gym equipment leasing.

You would have to have good credit and be a home owner to get things started. You would also need a deposit to put towards the equipment maybe circa 10 - 20%.

A solid business plan and financial projections would also be mandatory. Leasing is widely considered the best method of financing gym equipment. The tax benefits are significant and it keeps your bank funding lines clear.

hope this helps