This gym equipment finance calculator estimates the monthly payment and total cost, including the down payment, of financing fitness equipment from its price, down payment, rate and term. Skybank Business Loans, a small-business funding service in Wausau, Wisconsin, offers it to Marathon County fitness studios as a math check only; it is not an offer or a prediction of terms.
At a glance
- Fitness and recreational sports centers, Marathon County, WI
11 employers (CBP 2023)
- With fewer than five employees
3 (CBP 2023)
- Calculator output
Illustrative arithmetic only
Four numbers the gym calculator needs
- Equipment price: the quoted price of the treadmills, racks, bikes or other gear, with delivery and installation if they are on the quote.
- Down payment: cash or trade-in you put in.
- Interest rate: the yearly rate from a lender's written offer, or a rate you want to try out.
- Term: the number of monthly payments.
Illustration only, invented figures: $60,000 of equipment with $6,000 down, over 48 months at an assumed annual rate of 10%, gives a payment of about $1,370 and a total cost of about $71,740 including the down payment.
How to get a business loan for a gym
A gym business loan starts with the purpose: equipment, a build-out, or working capital while memberships grow. Equipment can be financed on its own with the gear as security; a build-out suits a term loan. The gym loan article walks through the records and steps.
A bank loan for a gym business: how it works in Wausau, WI
A bank reviewing a gym loan reads membership revenue, retention, the lease and the owner's experience. It may ask for collateral and a personal guarantee. Equipment finance companies may review the equipment quote with less emphasis on real estate collateral; compare offers on total cost.
A small business loan for a gym in Wausau, WI
Marathon County had 11 fitness and recreational sports centers with employees in 2023, 3 with fewer than five (CBP). A small business loan for a gym is read on that studio's own deposits, membership numbers and lease; county counts are context, not part of the review.
How to get financing for a gym in Wausau, WI
- Price the equipment and any build-out.
- Run the payment through the calculator at a few rates and terms.
- Compare the payment with monthly membership revenue.
- Gather bank statements, the latest return and the lease.
- Phone (715) 408-8962 or send the form with the quote total.
See equipment financing for loans compared with leases, or start a request.
How to get a loan to build a gym
Building a gym from scratch means land or a lease, construction, equipment and months of payroll before memberships cover costs. That is a larger, riskier request than equipping an existing space, and partners will want a detailed budget, pre-sale memberships if any, and the owner's experience. This site covers funding for operating businesses; ask partners directly about new construction.
Gym equipment that can go on one quote
- Treadmills, ellipticals, bikes and rowers
- Power racks, benches, plates and dumbbells
- Cable machines and selectorized strength equipment
- Rubber flooring and mirrors, if the vendor finances them
- Audio, check-in and access control systems
Marathon County's 11 fitness centers with employees paid $6.8 million in wages in 2023 (CBP); payroll and rent come before any equipment payment, so test the payment against what is left over each month.
Reading the three results: payment, interest, total cost
The monthly payment is principal and interest on the amount financed. Total interest is the sum of all payments minus the amount financed. Total cost adds the down payment. The calculator does not include fees, taxes, insurance or end-of-lease terms, which an actual offer will state.
By Skybank Business Loans · Updated
