A Columbus, MS gym or studio can look for an equipment loan at a bank or credit union, through the equipment dealer, from an equipment finance company, or by calling Redpark Lenders at (662) 445-7556, whose funding partners review the request. Racks, cardio machines and rubber floor mats can be financed as equipment; work on the room itself falls outside this site.
A Columbus, MS gym can ask a bank or credit union, the equipment dealer, an equipment finance company or Redpark Lenders, whose funding partners decide on any offer. Racks, cardio units and loose rubber mats are equipment; work on the room itself is not. A partner can ask about membership reports and the years left on the lease.
Banks, credit unions and equipment lenders for a Columbus, MS gym
Gym loans in Columbus, MS can be found in four kinds of places, and each one weighs a gym's request in its own way:
- A bank or credit union that already holds the gym's accounts can see the deposit history at first hand.
- The equipment maker or dealer can offer financing or a lease on its own machines, tied to that one order.
- An equipment finance company can finance machines from many makers, secured by the machines.
- A call to Redpark Lenders, or its request form, puts the request in front of funding partners, and each partner makes its own decision.
Depository credit intermediation, the NAICS 5221 code where banks and credit unions are counted, had 31 employer establishments in Lowndes County, MS in 2023 (CBP). The ZIP Code Business Patterns file lists 14 establishments in that code at ZIP 39701.
Fitness and recreational sports centers (NAICS 713940) counted 9 employer establishments in the county for 2023, and 4 had fewer than five employees (CBP). Trainers and studio owners who work without staff appear in a broader group instead: 2024 Nonemployer Statistics show 14 businesses with no paid employees in NAICS 7139, other amusement and recreation industries, in the county.
Financing racks, cardio and rubber floor mats
Commercial treadmills, ellipticals, power racks, plates, dumbbells and rubber mats laid on the floor are movable equipment, and a partner can finance them as one package on the dealer's quote through equipment financing.
| Item | Units | Price each | Line total |
|---|---|---|---|
| Commercial treadmills | 4 | $8,250 | $33,000 |
| Ellipticals | 2 | $5,900 | $11,800 |
| Power racks with bars and plates | 3 | $3,600 | $10,800 |
| Dumbbell set with racks | 1 | $6,700 | $6,700 |
| Rubber floor mats, laid loose | 1 | $4,900 | $4,900 |
| Package total | $67,200 |
Illustration only, invented figures: financed in full over 48 months at a 10.75% annual rate, the $67,200 package takes 48 equal payments of $1,728.67, and $15,776.16 of the total is interest.
Used cardio machines can be financed when a partner can value them. The seller's invoice, the hour reading and any service record help it put a figure on each unit.
Equipping a larger Lowndes County, MS space
A gym with members and a record of deposits that moves into a bigger room can finance what goes into it: more racks, a second row of cardio, a functional training rig, a sound system, front-desk check-in hardware and freestanding lockers.
Building work stays outside this site: walls, showers, wiring and installed flooring in the new room, whichever party pays for them under the lease. Funding through this site is for gyms that already have members and deposits.
In ZIP 39701, the arts, entertainment and recreation sector, where gyms are counted, had 7 employer establishments in 2023, 71.4% with fewer than five employees (ZBP).
Membership revenue and the lease in the request
Membership drafts are the gym's running record of revenue. A partner can ask for the billing system's monthly report, with active members, drafts collected, cancellations and failed payments, and set it against the bank deposits.
The lease matters because the equipment has to stay somewhere. A partner can compare the years left on the lease with the loan term: a 48-month equipment loan in a space with 3 years left on its lease raises the question of a renewal option, so the lease belongs on the call.
Class studios, such as cycling or yoga rooms, sell class packs and drop-in visits in place of memberships, and the same reports work for them. A gym bought as a going business, members and name included, is a term loan question, and a line of credit can carry trainer payroll between draft dates.
Gyms do not have an industry page of their own; the industries page carries the fitness count with the other Lowndes County, MS trades, and the blog has related articles.
By Redpark Lenders · Updated
