Myrtle Beach, SC Gym Business Loans: Member Software, Rowing Machines and a Second Location

No single list of gym business loan requirements applies here: each funding partner sets its own. A partner may look at bank statements, time in business, revenue and credit, and for equipment it may ask for the paperwork in the table. The site funds gyms and studios that are already operating.

New circuits and other electrical work in the building are property work outside this site. Salons share this group on the industries page.

Illustration only, invented figures: a Myrtle Beach, SC gym prices two dual cable machines at $5,780 each, four power racks at $2,350 each and a dumbbell set with racks at $6,240, $27,200 in all. The table prices that $27,200 at 11.05% both ways: $703.66 a month on the four-year schedule and $592.07 on the five-year one (our arithmetic).

Moving from four years to five takes $111.59 off each payment in this invented example and costs $1,748.52 more in interest. Racks and dumbbells need no wiring, so the whole quote stays on the equipment side; bolting racks into a concrete floor is property work outside this site and is priced apart.

ZIP Code Business Patterns counted 5 fitness and recreational sports centers with paid staff at ZIP 29577 addresses in 2023, among 80 arts, entertainment and recreation establishments at those addresses.

Horry County, SC had 36 such centers with paid employees that year. Ten had fewer than five employees, so 26 had five or more (County Business Patterns; our arithmetic).

A wider no-payroll group, other amusement and recreation industries (NAICS 7139), listed 234 businesses with no paid employees in the county in 2024 (Nonemployer Statistics). That group is broader than gyms and is never added to the employer count. A studio run by its owner and a gym with a staffed front desk can request the same products.

Illustration only, invented figures: a Myrtle Beach, SC gym prepays a year of member-management software and buys four front-desk tablets with stands, $8,350 together. An 18-month loan at 12.6% turns that into $511.53 a month, and the gym pays $9,207.54 by the end, $857.54 more than the purchase price (our arithmetic).

In this invented example, the loan runs six months past the software year, so the next renewal comes due while payments on the first year continue. A 12-month term would raise the payment but end it with the year it pays for.

Door readers and card-access hardware wired into the building are property work outside this site; the software subscription and the tablets are not.

Illustration only, invented figures: an operating Horry County, SC gym signs a lease for a second location and prices eight rowing machines at $1,290 each, $10,320. Spread across 30 monthly payments at 11.3%, the rowers cost $396.48 a month; $1,574.40 of the $11,894.40 paid in total is interest (our arithmetic).

Because the second location has no history of its own, a funding partner may look at the first location’s bank statements and time in business. Any work on the new space is property work outside this site, so the request covers the machines and leaves the space to the landlord and contractors.

The equipment financing page has a calculator that takes price, down payment, rate and term, so the rower quote can be tested at other terms before the call. For other ZIP 29577 trades, see the Myrtle Beach, SC page.