Funding Your Gym Equipment: Made Easy with Again Faster & Swoop

Why Choose Swoop for Your Funding Needs?

Swoop offers a range of benefits to help you access the right funding options:

One Application, Countless Opportunities: Complete one application and gain access to numerous funding opportunities.

Personalized Funding Matches: Get connected with funding options that are specifically tailored to your business needs.

Save Time & Maximize Opportunities: Streamline the funding process, saving you time and helping you seize new opportunities.

Expert Support: Receive expert guidance every step of the way. You'll have a dedicated funding manager assigned to your case.

No Fees for Customers: Swoop is typically paid by the lenders they work with, meaning they generally do not charge customers fees.

Again Faster, in partnership with Swoop, provides various funding scenarios to suit different needs:

Scenario 1: Funding up to $50,000 (Equipment Line of Credit)

Financed Amount: Up to $50,000.
Term: 5 years.
Average Monthly Repayment: Approximately $1241.
Application Process: Low documentation required (ID, 6 months bank statements).
Soft Costs: Unlimited soft costs included (e.g., flooring, signage, ceiling works).
Business Eligibility: Minimum age of business > 2 years, turnover => $200,000.
Product Features: No security required, no fees (annual or monthly), draw down any amount up to the limit and pay interest only on what you draw down.
Use: Any equipment with uncapped soft costs and no age restrictions on the equipment.

Scenario 2: Funding up to $100,000 (Equipment Line of Credit)

Financed Amount: Up to $100,000.
Term: 5 years.
Average Monthly Repayment: Approximately $2482.
Application Process: Low documentation required (ID, 6 months bank statements).
Soft Costs: Unlimited soft costs included (e.g., flooring, signage, ceiling works).
Business Eligibility: Minimum age of business > 2 years, turnover => $200,000.
Product Features: No security required, no fees (annual or monthly), draw down any amount up to the limit and pay interest only on what you draw down.
Use: Any equipment with uncapped soft costs and no age restrictions on the equipment.

Scenario 3: Funding for Serialized Equipment (e.g., Cardio Equipment) - $70,000

Financed Amount: $70,000.
Term: 5-year term per transaction on all equipment.
Monthly Payments: Approximately $1590 per month.
Establishment Fee: From $550 - $1400.
Special Requirements: Property backing may determine deposit needs. Minimum trading history and turnover apply (2 years ABN, GST or thereof with industry experience). Consider property ownership, credit score, and trading history/GST 2+ years as a condition.
Application Process: Low documentation (12 bank statements, invoice, and ID).

Note: All terms are indicative only and subject to credit assessment and trading history.

Again Faster Equipment full terms and conditions still apply.