Club Insider

About Paul Bosley

Paul BosleyPaul Bosley

Paul Bosley has worked in the fitness industry for 42 years. For 30 years, Paul was an owner operator of fitness center chains including Holiday Health, Gold's Gyms and Q The Sports Clubs. Paul launched Healthclubexperts.com twelve years ago, and it specializes in providing financing to new and existing business owners. Paul is working on his Master's Degree in Accountancy with a concentration in Business Valuation at Florida Atlantic University. Paul has also served as a volunteer SCORE Counselor, a Division of the Small Business Administration, designed to counsel new business owners nationwide.

Phone: N/A
Email: paul@businessfinancedepot.com


Previous Articles

Showing 1 - 11 of 11 Articles


A Perfect Financing Combination
May 2016 - When an entrepreneur is first considering a new project, various financing options are usually considered and the most appropriate financing product is chosen. For example, an equipment lease is often chosen for financing new fitness equipment. Another example is when an entire new club is financed using a bank loan or an SBA 7(a) loan. It is very unusual when two financing products are complementary and can be selected to finance the same project. With the introduction of the SBA Express Loan, this is no longer the case when renovating or expanding an existing fitness center or when launching a new fitness center. An SBA Express Loan works very well with an equipment lease for financing a new project or an expansion. Read Article...

Club Financing During the COVID-19 Pandemic
May 2020 - I started working in the fitness industry 46 years ago, and I became the operating partner of my first fitness center at the age of 27. Among the many lessons that my senior partner and mentor taught me, the one that applies to our current situation the most is "Cash is King!" Fast forward 46 years, and I am still an entrepreneur specializing in providing financing to the fitness, franchise and RV and campground industries. Over this time, I have witnessed many changes in the fitness industry. The main equipment manufacturers back then were Universal and Nautilus, and now, they are Life Fitness, Precor and Matrix. The growth in our industry changed from racquetball clubs and big box gyms to franchises and group fitness studios. Read Article...

Equipment Leasing
October 2016 - A lease is an agreement that the lessee, or business owner(s), agree to pay the lessor, the leasing company or manufacturer, to have use of the equipment for a specified period of time. A lease payment is recorded on the center's books as a rental payment similar to a rent payment on a building lease. Leasing enables center owners to preserve their working capital as an alternative to purchasing the equipment since a typical lease requires a relatively small upfront deposit. Centers profit from a lease transaction if the center generates revenue in excess of the monthly lease payment, thus generating positive cash flow from the use of the equipment. Lease repayment terms range from 12 to 60 months. Consequently, items that do not have a useful life of at least 12 months, such as inventory, should never be included in a lease agreement. Read Article...

First Steps to Prepare to Finance Your Business
March 2020 - Publisher's Note: Our friend and Club Insider Advertiser and Contributing Author, Paul Bosley, Managing Member of Health Club Experts dba Business Finance Depot has produced a new video series covering various topics that may help you in your health and fitness club business. Each month, over the next few months, we will be sharing each video and Paul's accompanying writing. To get maximum value, we recommend you to Tune In to both his written and spoken words. Read Article...

Fitness Financing Available in Today's Market
December 2017 - Today's fitness centers come in all sizes with a wide variety of fitness equipment. Consequently, the appropriate financing for the diverse fitness centers varies considerably based upon the dollar amount of capital required. This article offers an overview of the best financing available based upon the amount of money required to properly capitalize any given fitness center. Read Article...

Franchising: The New Expansion Wave in the Fitness Industry
November 2018 - As an industry veteran of 45 years, I have witnessed profound changes in the health and fitness club industry. I started working in sales in a privately held chain that merged in with Health & Tennis Corporation of America, owned by names that have become famous in our industry, Jerry Kahn and Donahue Wildman. When our companies were acquired by Bally, the total number of clubs stood over 600 nationally and the second largest chain was Gold's Gym. The only other franchises, which really operated as licenses, were World Gym and Powerhouse Gym, and remained the same for many years. Read Article...

Starting a New Business
February 2020 - Publisher's Note: Our friend and Club Insider Advertiser and Contributing Author, Paul Bosley, Managing Member of Health Club Experts dba Business Finance Depot has produced a new video series covering various topics that may help you in your health and fitness club business. Each month, over the next few months, we will be sharing each video and Paul's accompanying writing. To get maximum value, we recommend you to Tune In to both his written and spoken words. Read Article...

The Best Financing Available Today
May 2018 - Are you considering expanding your business or opening your first location? If so, often the biggest fears are, "How do I pay for this?" or "Can I afford to purchase equipment and rent a space?" This article describes two complementary financing products that can be used by a business owner to provide the financing needed to finance your business so read on... Read Article...

The Best Uses of the SBA Loan Types
February 2016 - Business owners have a time-sensitive incentive to secure long-term financing because interest rates are near an all-time low, and it is predicted that rates will slowly rise over time. The Small Business Administration (SBA), a division of the Federal Government, guarantees a percentage of all SBA loans to reduce the lender's risk to the portion of the SBA loan that the SBA does not guarantee. The SBA assumes between 75% up to 90% of the SBA loan obligation, which varies depending upon the SBA loan type. Read Article...

The Most Versatile Commercial Loan Product
January 2017 - Do you own a fitness center and want to expand your business or open a new location? Do you want to refinance your existing debt to lower your monthly overhead? Are you tired of paying rent to a landlord and would rather own the real estate you operate your business? Do you want to open your first fitness center or personal training studio, but you need financing to do it? Read Article...

Your Public Relations Campaign Requires A Large Commitment And A Small Budget
July 1999 - Read Article...

About Our Authors

Showing 1 - 11 of 11 Articles


JLR Associates