How To Finance Your Fitness Equipment

The ways to finance your fitness equipment for your new gym are as flexible as your imagination. Each financing option has its pros and cons; your goal is to find the finance solution most compatible with your specific needs.

Generally, a new gym owner has 4 main ways to acquire the gym equipment to make their fitness centre whole. These options are: 

Having helped hundreds of start-ups find their financial footing for the past 30 years, First Capital Leasing Ltd. is uniquely positioned to walk you through your financing options. As a premier leasing and leaseback company in Canada, First Capital Leasing Ltd. also offers fitness equipment loans and leases at exceptionally flexible rates. Call us today 1-888-251-3644 or fill out the online contact form to experience how it feels to work with a leasing company boasting a 95% approval rate!  

4 Ways To Finance Your Fitness Equipment For Your Gym 

Your gym is not much of a gym if it lacks a fleet of treadmills and ellipticals, an assortment of arm and leg training machines, a couple of benches for bench presses, and a few pull-up bars. All these goodies do not come cheap. 

Given the high start up expenses of opening a gym, you are probably wondering about the most cost-efficient ways to acquire your fitness equipment. Your priority is to obtain the machines you need so you can start attracting customers right away. However, you should try to frontload your payments as little as possible so that you have sufficient working capital to fund other aspects of your gym operations, such as hiring fitness coaches and support staff. 

With that said, here are 4 of the most common ways new gym owners procure their fitness equipment: 

First, it frees up significant capital that you could put to other uses during the first years of your business. Second, lease terms are shorter than the lifecycle of the products, which allows you to regularly upgrade your gym equipment. Trotting out the latest technology every few years is a great way to retain customers and attract new ones. Lastly, a lease, depending on its structure, can grant various tax benefits. 

Should You Buy Or Lease Your Fitness Equipment?

At the end of the day, procuring your fitness equipment can be simplified in 2 approaches: buying or leasing. 

There are many financing options for buying, including using equity and taking out a loan, but the risk of being saddled with outdated equipment down the road is very real. A lease, on the other hand, actually allows you to improve your offerings. This is the reason 80% of Canadian businesses lease rather than buy their equipment. 

If you plan to upgrade your fitness equipment every few years, work with First Capital Leasing Ltd. to lease the latest products at competitive interest rates and terms. Our 95% approval rate means that you are almost sure to find a payment structure that fits your budget. Call us at 1-888-251-3644 or fill out the online contact form to kick-start your gym!


Why can’t I lease my gym equipment directly? Why work through First Capital Leasing Ltd.?
You certainly can lease your equipment by yourself, but your supplier may not be as flexible as we are. We offer tailored financing solutions at superior rates that perfectly align with your budget and timeline. 

What if I want to lease my equipment after having purchased it? 
First Capital Leasing Ltd. offers multiple sale-leaseback plans. You sell the equipment you own to us, and we lease it back to you at advantageous rates. This frees up significant working capital which can be invested in expanding your business. 

Does First Capital Leasing Ltd. offer financing or leasing solutions to start-ups? 
Yes. We have worked with start-ups and Fortune 500 companies (and everyone in-between) since our establishment almost 30 years ago. 

What Our Clients Are Saying

Experienced, Capable, Customized

We'd love to have the opportunity to understand your business and develop a strategy customized to your business' short-term needs and long-term goals.  We boast a 95% approval rate through our vast network of underwriters (including a robust private portfolio).   
Contact us at 1-888-251-3644 or complete the online contact form below. We look forward to connecting with you.

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