Purchasing a fitness center can be a rewarding investment, but that buying process can also be complex. Live Oak is a proven small business lender with a long track record, having financed thousands of acquisitions nationwide. This experience, combined with our team’s intense focus on the fitness center industry, can work to your advantage when evaluating an acquisition opportunity.

After discussing the details of your target location with our fitness center lending experts, our team will explain your options and guide you through the entire process so you know what to expect at every step along the way. Below you can learn more about the three main phases of our acquisition loan process.


Once you’ve targeted a new fitness center to buy, reach out to us to get the application process started. Our fitness center lending team will discuss the details with you and help you apply. We will run a basic cash flow analysis and perform a standard credit review. You should also gather your business plan, projections and resume. Pre-approval of your loan request typically takes one to two business days after we’ve received your application. After you’re pre-approved, your fitness center lender will send you a loan proposal letter.

Underwriting & Closing

Once you receive, sign and return your proposal letter, you’ll be assigned an underwriter and a credit officer who will work with you to reach final loan approval. On average, our underwriting process takes 7-10 business days. If approved, you’ll receive your loan commitment letter and be assigned a fitness center loan closing specialist who will collect all remaining materials from you. These materials include your purchase agreement, proof of insurance and corporate documents. Depending on whether or not real estate is included in the acquisition, closing generally occurs within 45-90 days.


When your loan closes, you will be assigned a dedicated business analyst who will continue to assist you until your loan is fully paid off. Whether you have a question about your loan balance or need some business guidance as you consider future financial decisions, your business analyst is always just a call away, because at Live Oak, we are committed to your long-term success.

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From our Small Business Resource Center

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