Seeing that many traditional lenders, such as the bank, see much of the gym/fitness sector as high risk, funding can be hard to come by through these traditional methods.
Over the last few years and influx of alternative lenders have entered the market with a different approach to the way their underwriting process works. Instead of looking for business plans and a long established trading history, they are looking for businesses that have the ability to generate healthy revenues and maintain growth.
To qualify for funding you only have to be trading for a few months, and take a minimum of £2,500 in monthly sales.
Whether you are looking to;
- Purchase new equipment
- Employ new staff
- Open up a new location
- Marketing campaigns
- Ease cash flow
Aurora Capital can assist to identify the right funder for your business.
Due to funds being unrestricted, the capital can go towards any business expenditure, or even for working capital to ease cash flow problems over tricky periods.
The application process is very simple, and funding can be in your bank account within 2 weeks. Unlike traditional bank loans where bricks and mortar are used to secure the loan, there are no fixed charges put over assets, just a PG needing be to signed by shareholders.
If you believe an injection of capital could enable your business to grow in the next 6-12 months, why not give us a call on 01371 870 815 to see how we can help