F45 partners with Swoop Funding to help international franchisees secure their growth capital | News


AUSTIN, TX – (BUSINESS WIRE) – Dec. 10 2021–

F45 Training Holdings Inc. (“F45” or the “Company”) (NYSE: FXLV), the world’s fastest growing fitness franchisor according to Contractor, announced its partnership with Swoop Funding (“Swoop”), a platform that provides financing options to small and medium-sized businesses. Through this partnership, new and existing F45 franchise owners will have access to Swoop’s network of direct lenders who have been prequalified by F45 and Swoop to provide unique financing solutions to franchisees. The partnership will first be launched in Australia, Canada, Ireland and the UK.

“We are delighted to announce our partnership with Swoop, which will help franchisees secure the financing necessary to open their own F45 and FS8 studios, as well as existing franchisees to expand their franchise network with us,” said Adam J. Gilchrist, President, CEO and Chairman of F45. “Our mission is 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 manage successful fitness studio businesses. “

Partnering with Swoop alleviates the burden of securing attractive financing solutions for new and existing F45 franchisees, so they can focus on their business. Swoop has access to a large network of lenders – from traditional banks to specialist franchise finance lenders – who can provide offers that would not otherwise be available to franchisees. Additionally, F45 has worked closely with Swoop to develop the partnership to identify lenders who understand the goals of F45 franchisees and can serve as value added partners as they seek to grow their business.

“Taking care of the financial health of a business is a full-time job, and many small businesses do not have the bandwidth necessary to acquire and maintain specialist knowledge of the financial market,” said Andrea Reynolds, founder and CEO of Swoop. “This partnership with F45 will allow more people to enter the exciting world of running their own businesses without being held back by the inexperience of a complex market. Swoop makes financial institutions work for businesses, not the other way around.

About F45

F45 offers consumers 45-minute functional workouts that are effective, fun, and community-focused. F45 uses proprietary technologies: a fitness programming algorithm and a patented technology-based streaming platform that leverages a rich content database of over 3,900 unique functional workout movements to deliver new workouts every day and provide a standardized experience across the company’s global footprint. For more information www.f45training.com

About Swoop Funding

Swoop is a platform dedicated to giving small and medium-sized businesses clear visibility on grants, funding and equity investment options available to them. The free service shows customers what products they are eligible for, speeds up the application process, and makes it easier to find financing for a business.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211210005064/en/

CONTACT: F45 Media

Judy Lee

ICR, Inc.

[email protected] Media

Charlotte forsberg

Head of Marketing, Swoop

[email protected]

KEYWORD: TEXAS AUSTRALIA NORTH AMERICA CANADA EUROPE UNITED STATES IRELAND UNITED KINGDOM AUSTRALIA / OCEANIA

INDUSTRY KEYWORD: SOFTWARE FINANCE HEALTH SMALL BUSINESS PROFESSIONAL SERVICES TECHNOLOGY FITNESS AND NUTRITION OTHER TECHNOLOGY

SOURCE: F45 Training Holdings Inc.

Copyright Business Wire 2021.

PUB: 12/10/2021 9:01 am / DISC: 12/10/2021 9:02 am

http://www.businesswire.com/news/home/20211210005064/en

Copyright Business Wire 2021.


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