Commercial Gym Equipment Leasing and Finance
Helping you to access finance solutions to help you equip your commercial gym
/ FCA Registered
Reference: 729876
Who Are Mill Wood Finance?
Since 1999 we have been helping businesses to access bespoke borrowing solutions.
Our Ethos:
At Mill Wood Finance, we provide our customers with the professionalism, courtesy and service that is expected in all parts of our everyday lives.
Our Services
We work for our clients and not the banks that we have relationships with. We take the time to understand our customer's financial requirements and situation, before helping to advise and broker financial products best suited to them.
Flexible financing for commercial gym equipment
For over 25 years, we have been helping UK gyms to access finance solutions they wouldn’t be able to find on the high street.
We believe in valuable, honest, and straightforward business. By working with us, you’ll have your own broker on the end of the phone rather than going through endless call centres.
If you are looking to fit out a new gym, replace old equipment or expand with new machines, we will take the time to understand your business case for requiring gym equipment finance.
Lenders trust us our judgement and commitment to sensible, responsible finance. This reputation provides us with favourable access to competitive repayment terms and potentially wider affordability multipliers compared to the high street lenders.
If you want to speak to a broker who understands business, get in touch.
Our Application Process
If you are looking to finance the purchase of commercial gym equipment, Mill Wood Finance are here to help.
Decide on a provisional list of gym equipment you would like to finance. Try to be as specific as possible, especially with the prices of the equipment. As part of the later process, you will be asked to justify the business case for the financial outlay, so be realistic.
Once you have found the commercial gym equipment you would like to finance, let's talk! You can either book a discovery call, or give us a ring with the details on our contact page.
This initial meeting is your chance to explain the plans you have for the new commercial gym equipment. We will introduce ourselves, and explain the different financing or leasing routes you have available to you.
There is quite a lot of paperwork involved in a commercial loan application. Luckily, our team are well-versed in exactly what you'll need to make sure you are well-prepared and there are no surprises.
You will likely need:
- Details of the directors, including names and addresses
- How long your business has been trading
- Financial and tax returns
- Details of assets available as security (if applicable)
We are trusted by lenders because of the lengths we go to to ensure we satisfy the lender's "Know Your Customer" requirements. Whilst these steps might seem tedious, it is this high-level of trust built up through over 25 years of trading that gives us the access to commercial gym financing solutions not necessarily on the high street.
The lenders will want to understand the business case for your commercial loan application. This will review why you are requesting the funds, as well as showing that you have the necessary means and intentions to keep up with the repayments.
Over our 25 years of trading, we have honed our craft in writing these business cases. We understand what the lenders are looking for, and how they will be judging your application. This step is where we earn our stripes, and where you benefit from using an expert finance broker such as ourselves.
With your documents in order and a compelling business case, we will submit your commercial gym finance request on your behalf.
The lender will review your application and let you know whether you are successful with your request. If they are unwilling to provide your full finance requests, they might make you a counter offer. This offer might include a lower amount loaned, different repayment schedule or a higher interest rate.
We will remain at the end of the phone to answer any questions you might have throughout your repayment schedule. Even if you have a basic admin request, like you have changed address and need to let your lender know, we will remain committed to helping your finance experience be as straightforward as possible.
What is gym equipment leasing?
Put simply, gym equipment leasing is a type of finance that lets you purchase the workout equipment you need, without having to pay upfront in one sum.
What are the benefits of financing gym equipment?
A lease or finance product enables you to spread the repayments of a period of time, freeing up your cashflow for other purposes, such as marketing, wages, rent or further investment.
It can also present tax benefits, although it is important to consult independent financial advice for this.
What security is needed for a commercial gym lease?
Historically, commercial finance lenders have always expected the company owner to be a property owner. This property would be used as the collateral for a loan. Whilst this is still preferable, we can help you to explore other possible assets you could use as a security for the loan. Don't be put off if you are not a homeowner.
Answering the questions you might have about leasing commercial gym equipment
We understand that it can be daunting to apply for commercial finance of any kind.
At Mill Wood Finance, we pride ourselves on offering a down-to-earth service. We’re a small company looking to do sensible business with other companies in a similar boat.
We’ve built up an enviable relationship with commercial finance lenders over 25 years of trading. They trust our judgement with applications, and know that we do a thorough job with your application preparation.
Whatever stage of your finance journey, whether you are exploring your options, comparing offers or are ready to put your application in, we’re here to help.