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Can I get a business loan for my gym if I have bad credit?

Quick Answer: Yes, gyms and fitness studios easily qualify for funding with credit scores as low as 450 if they have consistent revenue deposits over $10k/mo.

Maybe you opened right before COVID hit and maxed out everything to survive the shutdowns. Perhaps a business partner situation went bad, or that second location hasn't paid off yet. Your personal credit took a hit, but your gym still has members paying every month. QuicLoans evaluates your business revenue, not your personal credit.

What QuicLoans looks at for gym funding:

  • Monthly revenue: Deposits of $10K+ monthly show predictable cash flow.
  • Time in operation: Just 3 months in business meets our requirements.
  • Banking patterns: Multiple deposits and minimal overdraft activity are the key factors we evaluate.

Traditional banks want 680+ credit scores along with extensive documentation and collateral. QuicLoans can approve gyms with FICO scores as low as 450, usually within hours of applying.

Our business loans stay off on your personal credit report. Your gym is the borrower, keeping your personal credit clear for your mortgage or car loan. We make decisions based on business deposits hitting your account, not your past personal setbacks.

If your monthly payments are processing, your credit score doesn't have to prevent you from getting the capital your gym needs.

Looking for more fitness funding information? Explore all fitness business loans →

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Business Loans Built for the Fitness World

Simple terms. Fast funding. An easy process built for gyms that need capital fast.

Get a Working Capital Loan

3 to 36 Month Terms · Rates of 1-3%/mo · Approved & Funded In Hours · No Prepayment Penalty

Funds deposited directly into your business checking account via ACH or wire. Loan amounts ranging from $10,000 to $2,000,000.

Minimums: 450+ credit · 3+ months in business · $10K/month revenue · No Startups

Get Working Capital Now
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These Fitness Businesses Got a Loan from QuicLoans

Here’s what quick funding looks like when it’s done right. This is how it’s supposed to work.

Boutique Strength Studio
Funded in 8 hours
  • Amount: $175,000
  • Term: 18 months
  • Revenue: $1,400,000/yr.
  • Time in Business: 6 years
  • Owner Credit: B+
  • Use Of Funds: Add new turf zone and expand floor space
CrossFit Franchise
Funded in 22 hours
  • Amount: $120,000
  • Term: 12 months
  • Revenue: $650,000/yr.
  • Time in Business: 4 years
  • Owner Credit: B-
  • Use Of Funds: Replace cardio equipment per franchise mandate
Neighborhood Yoga Studio
Funded in 10 hours
  • Amount: $40,000
  • Term: 8 months
  • Revenue: $450,000/yr.
  • Time in Business: 2 years
  • Owner Credit: C-
  • Use Of Funds: Upgrade mirrors, flooring, and audio system

Your Fitness Center's Next Move Starts Here

You’re ready to solve your problem. We’re ready to fund you.

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