FINANCE OPTIONS
Get Growth Guarantee Scheme for Fitness and Gym Businesses
The Growth Guarantee Scheme helps small UK fitness and gym businesses get loans to invest and grow by giving lenders a 70% government-backed guarantee. This makes it easier and safer for gyms to borrow money to expand or improve their services. If you're running a gym and want to boost your growth, this scheme can support you in getting the funding you need.
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Growth Guarantee Scheme for Fitness and Gym Businesses?
The Growth Guarantee Scheme for Fitness and Gym Businesses is designed to support gyms and fitness studios by providing financial incentives and resources aimed at fostering business growth. This initiative helps gym owners enhance their services, attract new members, and retain existing clients, ultimately leading to a more sustainable operation. By offering guaranteed growth potential, the scheme aims to alleviate financial pressures and stimulate the fitness industry, making it more viable for entrepreneurs.
Increased customer retention
Enhanced revenue growth
Attracted new clients
SCALE YOUR BUSINESS TO NEW HEIGHTS
200+
Providers
Providers
What are the different types of Growth Guarantee Scheme for Fitness and Gym Businesses?
Government-backed Loan Guarantee Schemes
Schemes where the government guarantees a portion of loans for fitness/gym businesses.
Revenue-Based Financing Guarantees
Programs that guarantee repayments based on a share of future revenue, easing cash flow.
Private Investment Guarantee Programs
Insurance or guarantee products from private investors to reduce risk for fitness/gym businesses.
What is the Growth Guarantee Scheme for Fitness and Gym Businesses?
Government-Backed Loan Guarantee Scheme
The Growth Guarantee Scheme (GGS) is a UK government-backed program that supports gyms and fitness businesses by guaranteeing 70% of loan amounts to lenders. This gives gyms easier access to funding, while still requiring the business to repay the entire loan.
Flexible Finance Options and Uses
The scheme offers flexible financing, including loans, asset finance, and overdrafts, with amounts up to £2 million and repayment terms of up to six years. Gyms can use the funds for cash flow, equipment, marketing, staff wages, rent, and more.
Eligibility and Simple Application Process
Gyms must be UK-based, have a turnover of up to £45 million, and meet standard viability checks. Applying is straightforward, and support is available to help businesses determine eligibility and complete the process.
FAQ’S
Is my fitness or gym business eligible for the Growth Guarantee Scheme?
How can gyms use funds from the Growth Guarantee Scheme?
What types of finance are available under the Growth Guarantee Scheme for gyms?
Are start-up gyms eligible for the Growth Guarantee Scheme?
DIVE DEEPER
We Like To Keep Things Simple
Match with
150+
Lenders
Loans from
£1000
to
£500K
to
£500K
zero hidden fees
