This paper by Jim Thomas explores financial options for independent gym owners, addressing the challenge of securing capital. It presents unsecured term loans as an option for pre-revenue startups that have strong credit and a business plan, highlighting their benefits like no collateral and flexible use of funds. Conversely, it discusses bank statement-based funding for established gyms with less-than-perfect credit but consistent revenue, emphasizing its accessibility based on financial flow. Ultimately, the document aims to inform gym entrepreneurs about suitable funding avenues to support their business's launch and expansion, suggesting consultation for personalized guidance.www.fmconsulting.netwww.linkedin.com/in/jimthomas

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