FAQs

Yes. Lease is one of the commercial credit facilities available to purchase fitness machines and equipment. The other options are Chattel Mortgage, CHP and Rent-to-Own.

Interest rates on gym loans are individually offered by lenders following an assessment of the individual application.

Sole traders with an ABN can be eligible for commercial finance.

Self-employed operators may consider a personal loan or business financing for gym equipment. Business finance would generally be considered preferable due to the lower rates and tax benefits.

All business financing products offer tax deductions. Lease and Rent-to-Own payments are deductible. CHP and Chattel Mortgage deliver a deduction when the equipment is depreciated.

Lenders can approve funding arrangements for multiple items of fitness equipment. This is subject to individual lender guidelines. Working through a broker may provide access to suitable lenders.

A wide range of fitness machines and apparatus may be acquired with financing. Approval is subject to lender guidelines.

Technology systems may be financed with commercial credit facilities. Depending on being accepted as suitable security may determine what type of loan is most appropriate.

Asset acquisition finance is typically arranged with fixed interest rates.

A balloon is an optional inclusion with Commercial Hire Purchase and Chattel Mortgage.