![]() Existing franchises are generally seen as a medium risk for the bank especially if they show evidence of current profitability.Evidence of prior experience in running a gym in a managerial capacity (usually 2-3 years).2 years personal financial or business statements depending on your previous experience.For an existing store, some lenders may require 1.5x earnings before interest, tax, depreciation and amortization (EBITDA).How do I get approved?Īs a general rule, you’ll need to provide the following for a new Anytime Fitness franchise: Please call us on 1300 889 743 or complete our free assessment form to find out if you’re eligible for Anytime Fitness finance. Refinance of an existing site: Accepted on a case by case basis.Loan term with property as security: 25 to 30 years (standard loan term).Loan term: Typically 10 years or the length of franchise agreement. ![]()
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