Business Description
A better option - Recognising fitness equipment as a hard asset and provide industry beating leasing rates.
How it works:
- Use private funding instead of traditional funders.
- Recognise gym equipment as a hard asset and provide a residual value.
- Use an existing broker partner to set up FCA approved leasing and to collect payments.
- Offer customers a 'balloon payment' to purchase the equipment at end of term or sell on to a trade partner.
As with all leasing of this type, we require personal guarantees against individuals with property to mitigate the risk of deafult.