F45 Training Holdings Inc. has partnered with Swoop Funding, a platform that offers small- and medium-sized businesses financing options. Through this partnership, new and existing F45 franchise owners will have access to Swoop’s network of direct lenders to provide financing to franchisees. The partnership will first launch in Australia, Canada, Ireland, and the United Kingdom.
“We are excited to announce our partnership with Swoop, which will help franchisees obtain the necessary funding to open their own F45 and FS8 studios, as well as allow existing franchisees to expand their franchise network with us,” said Adam J. Gilchrist, president, CEO and Chairman, F45. “It is our mission to ensure the long-term success of our franchisees, and we are constantly looking for solutions that make it easier for our franchise partners to start and run successful fitness studio businesses.”
“Looking after the financial health of a business is a full-time job, and many small enterprises do not have the bandwidth necessary to gain and retain expert knowledge in the finance market,” said Andrea Reynolds, founder and CEO, Swoop. “This partnership with F45 will enable more people to enter the exciting world of owning their own business without being held back by inexperience in a complex market. Swoop makes financial institutions work for businesses, not the other way around.”
