Introduction
Health and fitness businesses depend on quality equipment, inviting spaces, and engaged staff to attract and retain clients. But upgrading facilities or expanding services often requires capital — and many small operators struggle to secure finance without formal tax returns.
That’s where low doc loans help, offering flexible funding using alternative documentation.
Who’s Eligible?
Health and fitness businesses that typically qualify include:
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✅ Gyms, personal training studios, yoga or Pilates centres, wellness clinics, and fitness franchises with an active ABN (6–12+ months)
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✅ Businesses using the loan at least 50% for commercial or operational purposes
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✅ Applicants providing alternative income proof (bank statements, BAS, accountant’s letter)
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✅ Borrowers with a deposit (usually 10–30%)
What Can You Finance?
Low doc loans help health and fitness businesses with:
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Purchasing Equipment → Gym machines, free weights, mats, or specialised wellness devices.
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Upgrading Facilities → Renovate spaces, improve changing rooms, or enhance customer experience.
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Expanding Services → Add group classes, wellness programs, or open new locations.
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Hiring Staff → Bring on personal trainers, instructors, or front-desk staff.
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Marketing and Promotions → Launch campaigns to attract new members or retain clients.
What Documents Should You Provide?
Even if you lack formal tax returns, prepare:
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✅ 12 months of business bank statements
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✅ BAS lodgements or membership summaries
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✅ Quotes or purchase orders for equipment or renovations
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✅ (Optional) Accountant’s letter confirming turnover or memberships
Case Example
FlexCore Fitness needed $100,000 to upgrade its equipment and launch a new group fitness program. With 18 months of ABN activity, steady memberships, and a 25% deposit, they secured a low doc loan — boosting enrolments and increasing revenue.
Tips for Fitness Loan Applicants
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✅ Maintain detailed membership, billing, and class attendance records.
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✅ Highlight how new investments will improve client experience or membership numbers.
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✅ Work with brokers familiar with fitness and wellness financing.
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✅ Ensure compliance with health, safety, and licensing requirements.
Final Call to Action
Ready to grow your health or fitness business?
👉 Check your eligibility today — no credit score impact
Visit our Business Lending Hub for expert advice.
DISCLAIMER
The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.
