FitBiz Loans: Tailored Financing Solutions for Fitness Businesses

FitBiz Loans is a company that provides small business loans. According to BestCompany.com, FitBiz discloses its loan pricing and terms for small business owners on its corporate website. The company charges interest rates as low as 6 percent, and there is no penalty for paying off a loan early. The origination fee is 2.5 percent. The company approves and transfers funds within 24 hours for loan amounts up to $5 million.
FitBiz Loans requires applicants to be in business for at least two years and have a minimum credit score of 680. Small business owners must be generating at least $75, per year, which is a lower amount than required by other similar marketplace competitors. Both personal and business collateral are required.