There was a recent profile in Fox Business about an

Small business loans for gym are growing

entrepreneur in the gym and health club industry and how he grew his business. Eric Casaburi’s story was great as it showed the dedication and passion needed to grow a gym in this business. One of the areas that caught our eye was how he got started;

“I took out a SBA loan from the bank,” said Casaburi. “It cost about $600,000-$700,000 to open the first gym.”

While anyone who grows a business should be lauded, it’s hard to imagine an entrepreneur getting that kind of money in today’s business economy. We’ve heard from hundreds of business owners who have told us about being rejected and turned down from the bank, credit union and even SBA because of their credit (or lack thereof). There is no doubt gym and fitness club business loans are hard to come by and luckily for Casaburi it worked out well. Today, Casaburi has 130 gyms in 14 states according to the article. Check out the video below to learn about the company.

There are a number of great sources today for gym and fitness club business owners to still get the funding they need. Specifically through the use of an MCA business loan. Silver Rock Funding has been helping gyms all over the country get the funding they need to help this industry, even when a merchant has less than perfect credit.