Small Business Loans for Gyms and Health Clubs

There was a recent profile in Fox Business about an

Small business loans for gym are growing

entrepreneur in the gym and health club industry and how he grew his business. Eric Casaburi's story was great as it showed the dedication and passion needed to grow a gym in this business. One of the areas that caught our eye was how he got started;

“I took out a SBA loan from the bank,” said Casaburi. “It cost about $600,000-$700,000 to open the first gym.”

While anyone who grows a business should be lauded, it's hard to imagine an entrepreneur getting that kind of money in today's business economy. We've heard from hundreds of business owners who have told us about being rejected and turned down from the bank, credit union and even SBA because of their credit (or lack thereof). There is no doubt gym and fitness club business loans are hard to come by and luckily for Casaburi it worked out well. Today, Casaburi has 130 gyms in 14 states according to the article. Check out the video below to learn about the company.

There are a number of great sources today for gym and fitness club business owners to still get the funding they need. Specifically through the use of an MCA business loan. Silver Rock Funding has been helping gyms all over the country get the funding they need to help this industry, even when a merchant has less than perfect credit.

Jello Shot Making Machine? Yes Please.

It isn't everyday that a nightclub owner comes up with an idea that excites us as much as what Jeff Jetton came up in Portland, Oregon. According to a recent article, Jetton created a machine that does for "gelatin shots what the Keurig machine did for coffee making." Genius.

Jevo machine in action

The device is called Jevo, and automates the process of making Jello shots for a bar. Either alcoholic or non-alcoholic, the machine can churn out the shots in 10 minutes. So what does that tell us about Jetton? He likes innovation...and fun. With so many great nightclubs out there and so few genius ideas to monetize new concepts, business owners need to find other ways to help get business loans for nightclubs and lounges. Furthermore, with banks not lending as much in this industry category, you need the funding for a merchant cash advance only a private funding source can provide. Silver Rock Funding has been helping businesses get the funding they need in the nightclub industry and with up to $500,000 in funding, merchants can invest in their properties as the deem fit. Whether it's something for the nightclub, marketing for your lounge or just quick funding for personal use, Silver Rock Funding can help.

Get connected with a broker and get the funding you need for your establishment via a small business loan today.

Small Business Loans for Veterans (VIDEO)

The stats are impressive, but certainly don't tell the entire story:

Veteran Owned Businesses Are Growing

• Sales of $1.220 trillion
• 5.793 million employees
• Annual payroll of $210 billion.

Businesses owned by Veterans make up a huge part of the national economy and aside from representing just the Stars & Stripes, Silver Rock Funding is proud to be a part of the Veteran community. Businesses that are owned by Veterans have been a huge part of this nation's history and as more and more great companies emerge owned by these heroes the more opportunities there are for great returning veterans too. The finance and insurance industry appear to be large employers of Veterans and Silver Rock Funding has been helping those industries and more. The merchant cash advance option works well for many business owners--not just Veterans, as it allows a merchant to get the funding they need without liquidating assets or spending via a credit card.

One great story we found in Enterpreneur magazine was about Robert Dyer, a veteran who returned home from active duty and grew his company RuckPack and its parent company Noots Nutrition. According to the article, "he started out by selling a vitamin supplement through his website; now he employs 10 people and has launched a drinkable nutritional shot as his key product." Great stories like this illuminate how hard work and drive can lead to great opportunities for any entrepreneur.

The National Veteran Owned Business Association is also active in promoting this cause and put out a great video with Super Bowl winner Rocky Bleier about veterans and being an entrepreneur. 

Silver Rock Funding is proud to be able to help Veteran Owned Businesses with Small Business Loans and Merchant Cash Advances.

Video: Construction Companies Get Funding Fast

Construction companies were impacted by the rough weather

Construction companies are ready for the nice weather even more than just your average person. From Maine to Michigan to Mexico the Winter was rough for everyone, but especially our friends in the construction industry who were forced to deal with adverse weather conditions impacting their businesses. Ever tried to break ground on a home in the middle of Winter? Good luck! There are even entire businesses in the construction business that only rent groundbreaking tools and if the ground doesn’t break, what do you do? 

As the weather starts to heat up throughout the country, business will begin booming again and getting the money in your coffers to begin large products is necessary. With merchant cash advance products like the ones available through the Silver Rock Funding, construction companies can get the funding they need—sometimes within 72 hours.

The process works by our connecting our great network of lenders with your individual need. Our lenders look for merchants that have been in business for at least 3 months and make at least $8,000 a month. Regardless of the reason, a dedicated funding manager will work with you to get your construction company the funding it needs and deserves. From small business loans, to merchant cash advances, Silver Rock Funding is here to help! 

Learn more about how we operate with our business lending explanation below: