March 17, 2026
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Best Business Loan Lenders for Gyms and Fitness Studios

Discover the best business loan lenders tailored for gyms and fitness studios. Get expert advice, loan options, and tips to fund your fitness business growth.
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Best Business Loan Lenders for Gyms and Fitness Studios
Abdus-Samad Charles
Finance Writer

Head of Content at Funding Agent, with four years’ experience creating practical, easy-to-follow, SEO-informed guidance for UK small and medium-sized businesses.

Best Business Loan Lenders for Gyms and Fitness Studios

For UK franchise buyers and operators, this guide compares loan periods and amounts, APRs, and terms across leading providers, with a focus on eligibility and fit. Amounts that could not be verified are left blank, prices accurate as of 2026-03-16.

1. Funding Agent

Funding Agent focuses on helping UK SMEs quickly compare a variety of business finance options through a streamlined application. It suits franchise buyers and operators seeking working capital with clear eligibility and straightforward terms. The service offers fast decisions with flexible repayment options and unsecured loans without collateral demands.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £1,000,000
  • Min APR: 4%
  • Max APR: 20%
  • Loan Duration: 3–60 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans, MCA Loans, Working capital
  • Industries: UK SME's

Pros

  • fastest and easiest application process
  • No collateral required

Cons

  • lower track record, only trading 1 year

Sources: Funding Agent

2. Millbrook Business Finance

Millbrook Business Finance specialises in commercial financing with tailored options for gyms and other fitness businesses. It suits operators seeking asset-backed or unsecured loans for growth and equipment. Offers flexible repayment plans and moderately fast approvals with variable interest rates adapted to client needs.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 4.9%
  • Max APR: 14.9%
  • Loan Duration: 6–60 months ⌛

Services & Industries

  • Finance Types: Asset Finance, Business Loans
  • Industries: Gyms

Pros

  • Flexible finance options
  • Tailored solutions for fitness industry

Cons

  • Interest rate may vary widely

Sources: Source

3. Iwoca

Iwoca offers flexible business loans and credit lines primarily serving small to medium enterprises, including fitness studios. It supports a wide range of loan sizes with variable terms suited for working capital or expansion. Typically provides fast approval and adaptable repayment types but requires eligibility assessment.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 6%
  • Max APR: 49%
  • Loan Duration: Flexible based on needs ⌛

Services & Industries

  • Finance Types: Business Loans, Credit Lines
  • Industries: Gyms, Fitness Studios

Pros

  • High loan amount availability
  • Fast approval

Cons

  • High maximum APR reported

Sources: Source

4. Johnson Reed

Johnson Reed provides mainly equipment finance and business loans suitable for gyms and fitness operations. It targets businesses needing flexible loan durations with an emphasis on secured financing options. Approvals tend to be quick with varying APRs based on security and loan specifics.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £1,000,000
  • Min APR: 3%
  • Max APR: 0%
  • Loan Duration: Flexible ⌛

Services & Industries

  • Finance Types: Equipment Finance, Business Loans
  • Industries: Gyms, Fitness Studios

Pros

  • Low starting APR
  • Quick approval process

Cons

  • Potentially high APR for some loans

Sources: Source

5. Portman Finance Group

Portman Finance Group supplies loans and asset finance for gyms and fitness studios among other industries. It is suitable for borrowers seeking larger loan amounts with competitive APRs and flexible terms. Typically does not require a personal guarantee for eligible firms and offers various repayment structures.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £2,000,000
  • Min APR: 6.9%
  • Max APR: 0%
  • Loan Duration: 3 months to 6 years ⌛

Services & Industries

  • Finance Types: Business Loans, Asset Finance
  • Industries: Gyms, Fitness Studios

Pros

  • No personal guarantee required for eligible businesses
  • Competitive APR starting rates

Cons

  • Higher thresholds for unsecured loans

Sources: Source

6. SME Loans

SME Loans offers finance tailored to small and medium enterprises, including gyms. The provider is suited to businesses needing flexible loan amounts with relatively straightforward approval. Loans may have variable terms and rates with options for operational expenses or expansion.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £500,000
  • Min APR: 3.75%
  • Max APR: 0%
  • Loan Duration: Up to several years ⌛

Services & Industries

  • Finance Types: Business Loans, SME Loans
  • Industries: Gyms, Fitness Studios

Pros

  • Flexible loan amounts
  • Simple application process

Cons

  • APR may be high for smaller amounts

Sources: Source

7. Elite Business Funding

Elite Business Funding provides bespoke loans to gyms and fitness centres with personalised support and competitive fixed rates. This lender fits businesses seeking short to medium term finance with relatively low rates. The service offers brokered access to secured and unsecured loans emphasising tailored customer service.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 1.9%
  • Max APR: 6%
  • Loan Duration: Short to medium term ⌛

Services & Industries

  • Finance Types: Business Loans, Secured Loans
  • Industries: Gyms, Fitness Studios

Pros

  • Low fixed interest rate for start-ups
  • Fast funding

Cons

  • Lower maximum loan limits

Sources: Source

8. Union Business Finance

Union Business Finance targets SMEs needing commercial loans with a focus on flexibility and larger loan amounts. It suits gym and fitness centre owners requiring varied repayment structures and accessible qualifications. This provider offers brokered finance options with fast decision-making processes.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £5,000,000
  • Min APR: 7%
  • Max APR: 0%
  • Loan Duration: Flexible ⌛

Services & Industries

  • Finance Types: Business Loans, Commercial Loans
  • Industries: Gyms, Fitness Studios

Pros

  • Large loan amounts available
  • Simple qualification requirements

Cons

  • Higher starting interest rate

Sources: Source

9. Century Business Finance

Century Business Finance offers streamlined loan products suited for SMEs including gyms and fitness studios. It is ideal for businesses needing quick decisions with straightforward application processes. The lender provides flexible terms and various repayment plans, focusing on simplicity and speed.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £250,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible multi-year terms ⌛

Services & Industries

  • Finance Types: Business Loans, SME Loans
  • Industries: Gyms, Fitness Studios

Pros

  • Fast approval
  • Simple application process

Cons

  • APR information not readily available

Sources: Source

10. HHB Finance

HHB Finance provides customised loan solutions focusing on gyms and fitness centres’ specific financing needs. It suits businesses seeking flexible, tailored options for growth and equipment upgrades. While detailed loan terms are limited, the lender emphasises expert financial guidance to support clients.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown ⌛

Services & Industries

  • Finance Types: Business Loans, Asset Finance
  • Industries: Gyms, Fitness Studios

Pros

  • Tailored fitness industry solutions
  • Expert financial guidance

Cons

  • Limited financial information available

Sources: Source

How to choose

Choose a lender by matching loan size and APR with your business needs and budget. Assess eligibility criteria to ensure you qualify, and balance the speed of approval against flexibility of terms. Consider repayment schedules to fit your gym or fitness studio’s cash flow and seasonal variations. Look for transparency around fees and conditions like early repayment. Evaluate whether unsecured or asset-backed loans better suit your operation. Use brokered lenders for more options, but verify terms carefully before proceeding.

Conclusion

Choosing the right lender depends on your specific financing requirements. Bank-backed options may offer stability for larger loans or property-related finance, while brokers provide wider access to varied products. Specialist lenders often deliver tailored solutions for gyms and fitness studios. Funding Agent remains a solid choice for those wanting to quickly compare across multiple lenders. For loans in the region of 200 thousand pounds and above, consider carefully the lender’s terms and your business’s capacity to repay.

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FAQs

What types of business loans are available for gyms and fitness studios?
How can I qualify for a business loan for my fitness studio?
Which UK lenders specialise in loans for gyms and fitness studios?
What is the typical loan amount gyms can borrow?
How long does it take to get approved for a business loan?
What should I consider before choosing a business loan for my gym?

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1Funding AgentFunding Agent helps UK SMEs compare business finance options fast, with a simple application journey and quick eligibility matching.£10,000–£1,000,000; 4%–20% APR; 3–60 months
2Millbrook Business FinanceMillbrook Business Finance provides commercial financing solutions tailored for gyms and fitness businesses, supporting growth with flexible options.£10,000–£500,000; 4.9%–14.9% APR; 6–60 months
3IwocaIwoca offers business loans with flexible financing options for small to medium enterprises, including those in the fitness sector.£1,000–£1,000,000; 6%–49% APR; Flexible based on needs
4Johnson ReedJohnson Reed provides financial solutions for various equipment financing needs, specializing in gyms and other fitness operations.£5,000–£1,000,000; 3%–0% APR; Flexible
5Portman Finance GroupPortman Finance Group provides comprehensive financing solutions, offering loans to gyms and fitness centers among other industries.£10,000–£2,000,000; 6.9%–0% APR; 3 months to 6 years
6SME LoansSME Loans specializes in small to medium enterprise finance, providing loans designed to help businesses including gyms expand and maintain operations.£1,000–£500,000; 3.75%–0% APR; Up to several years
7Elite Business FundingElite Business Funding is a UK-based finance provider offering bespoke loans to gyms and fitness centers with competitive rates and personalized support.£1,000–£25,000; 1.9%–6% APR; Short to medium term
8Union Business FinanceUnion Business Finance specializes in commercial loans for SMEs, offering flexible financial solutions for fitness and gym businesses.£10,000–£5,000,000; 7%–0% APR; Flexible
9Century Business FinanceCentury Business Finance offers a range of loan products for SMEs, including gyms and fitness studios, with fast decisions and simple application processes.£10,000–£250,000; 0%–0% APR; Flexible multi-year terms
10HHB FinanceHHB Finance offers customised loan solutions to gyms and fitness centres, enhancing opportunities for growth and equipment upgrading.£0–£0; 0%–0% APR; Unknown
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