Stepz Fitness Franchising Finance

  • Many Options are Available for Franchise Financing

    When you’re getting ready to open your very own Stepz Fitness franchise, you will want to understand all of the financing options available so you can choose the one that’s best for you. Here are three factors to consider:

    1. What is the least expensive expansion capital available to me?Money costs money, and the cost of money is interest. If you’re getting a loan to fund your business, understand all fees and interest rates.
    2. What is the easiest financing to attain?Stepz Fitness has an agreement with the Equipment Suppliers finance division so the loan process for the equipment normally proceeds smoothly. In addition, Stepz Fitness can help franchise candidates determine their best sources of financing.
    3. What financing strategy will tie up the least of my liquid assets?It’s important to have as much cash on hand as possible when you’re starting a new business. The reason for that is two-fold: First, you need a cushion for living expenses, etc., while you get the business up and running; second, you want to have cash available for quick expansion should the business take off quickly. Try to borrow as much as you can so that you can leave your assets as liquid as possible.