Expanding or remodeling your gym is a powerful way to attract new members, retain loyal clients, and stay competitive in a crowded fitness market. But with renovation costs often running into the tens or hundreds of thousands, it’s natural to ask: how do I finance a gym expansion or remodel without draining my cash reserves?
This guide breaks down your best financing options—and how to choose the one that aligns with your business goals.
You can finance a gym remodel or expansion through equipment loans, business lines of credit, SBA loans, or leasing programs tailored to the fitness industry.
A gym refresh isn’t just about aesthetics—it’s about growth, retention, and revenue. Some of the most common reasons for remodeling or expanding include:
Adding new training zones (e.g., HIIT, yoga, recovery, spin)
Upgrading old or outdated equipment and flooring
Improving locker rooms, lighting, and HVAC systems
Rebranding or updating your gym’s visual identity
Expanding your square footage to increase membership capacity
Almost everything! Most business lenders allow you to finance:
Flooring, mirrors, walls, soundproofing
HVAC and electrical upgrades
Showers, bathrooms, and locker rooms
Painting, signage, and branding elements
Cardio and strength machines
Racks, benches, and functional rigs
Studio or class-specific gear (e.g., spin bikes, yoga mats)
Gym management software, access control, TVs, and audio systems
Reception desks, seating areas, décor
Massage tables, cryotherapy, recovery stations
Retail display units and POS systems
✅ Best for: Major renovations or complete build-outs
Long repayment terms (up to 25 years)
Low interest rates
Backed by the Small Business Administration
🔎 Requires strong financials and good credit
✅ Best for: Buying new machines or upgrading existing gear
Spread payments over 2–7 years
Own the equipment at the end
Easier qualification than traditional loans
✅ Best for: Flexible upgrades, especially for cardio or class gear
Lower monthly payments
No ownership required
Easier to upgrade and stay current
Related: Leasing Strength Training Equipment: Racks, Benches, and Machines
✅ Best for: Phased remodels or smaller improvement projects
Revolving access to funds
Great for ongoing needs or emergencies
✅ Best for: Fast funding with minimal documentation
Quick approval (often 24–72 hours)
Higher interest rates
Repay in 6–24 months
| Project Type | Estimated Cost |
|---|---|
| Basic refresh (paint, décor) | $10,000 – $30,000 |
| Equipment upgrade | $20,000 – $100,000+ |
| Full renovation (equipment + buildout) | $75,000 – $250,000+ |
| Studio addition (spin, yoga, etc.) | $40,000 – $150,000 |
Lenders typically request:
EIN or business license
Business bank statements
(3–6 months)
Equipment/vendor quotes
Business and/or personal credit score (600+ preferred)
Time in business (startups may need a guarantor or detailed plan)
Choose SBA loans, leasing, or credit lines based on your goals
Finance everything from equipment to flooring and tech
Preserve working capital and grow your gym sustainably
Don’t let limited capital keep you from growing your gym. With the right financing, you can create a space that inspires your members, supports your trainers, and drives long-term profitability.
Ready to refresh or expand your gym space?
Apply now for gym remodel financing and take advantage of flexible payment options, fast approvals, and programs built for fitness businesses.