Yoga and fitness studios have become increasingly common in Singapore, with each of them specialising in various forms of training such as Yoga, HIIT, Boxing and MMA. If you’re looking at setting up a yoga/gym/fitness studio, or are keen on expanding your current yoga/fitness studio to include more training courses, look no further! SBL Singapore has helped countless businesses grow and expand over the past years by providing them with the necessary funding, and we can do the same for you.
One of the yoga/fitness studio business owners that we’ve helped is Ms Joanne Cheung. A fitness junkie and health advocate herself, she believed in providing affordable and accessible fitness classes to everyone. Thus, she ploughed into her own savings and opened her first yoga studio: The Zen Movement. With her affordable rates and friendly instructors, her business started to amass a steady flow of customers within the next four years. However, there was one thing that her customers felt that she could improve on: the accessibility of her studio. This was when she decided to expand her business in order to accommodate to the needs of her customers. That said, she has her qualms with regards to the funding for the rental of her new studios along with an increase in manpower and equipment cost. That was when she sought the help of SBL and we provided her with the necessary funds requires to expand her business. Today, The Zen Movement has four outlets across Singapore.
With SBL Singapore’s financing, we can help you:
- Buy or lease equipment(s)
- Purchase inventory or supplies
- Rent space or remodel
- Create and execute a marketing campaign
- Hire and train staff
- Secure the licenses and other permits you may need
Launched in February 2018, SBL Singapore aims to provide financial assistance to all companies including those in the fitness industries. We also gather mentors in related fields through our Coach-and-Go programme for our clients to attain more information and knowledge on business management. Our objective is to help local Singapore brands grow and enter the overseas market.
With a Yoga/Gym/Fitness Studio Business Loan, you pay for an inexpensive and reasonable rate of interest on monthly repayments, ensuring that you have enough capital to remain competitive and grow your business. In addition to funding, you will also obtain the mentor-ship and operation assistance that you require.
- Max Loan Amount$1,000,000
- Min Years to Qualify0.5
- Min. Annual Turnover< $100,000