Summer Big Season for Gym Memberships

The summer is one of the two busiest times of the year for gyms.

There are two times of the year that, more than any others, people flock to the gym in droves. The first is at the beginning of January, as people attack their New Year’s resolutions with a vengeance by trying to get back in shape. The second is during the summer, when the rapidly approaching beach season drives many to the gym in an effort to pack on some muscle and lose some waist inches. This means that right now we are at the busiest time of the year for one of the fastest growing industries. One study projects the growth rate gym and health club memberships in the United States at over 25 percent.

Not all gyms and health clubs are corporate giants. In fact, many of them are locally owned small businesses. Obviously, small gyms and health spas are at a disadvantage in terms of financing their expansions. Whether it’s buying new weights, advertising a new membership special or adding a new feature such as a sauna, it costs money for a small gym to offer the next level of fitness opportunities – money that small gyms often don’t have right away.

No small business should miss out on an opportunity just because they don’t have the money they need at the moment opportunity knocks. To help with that, there are small business loans companies like Silver Rock Funding. Our network of lenders can provide a merchant cash advance of up to $500,000, making sure that you have the tools you need to get the most out of your business.