What is the maximum amount of unsecured financing a Basecamp Fitness franchisee can secure through Guidant Financial?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
arantee should Guidant not be able to secure your funding or if the loan amount is greater than $200,000, when the loan is completed.
You may use 401(k) business financing as the down payment for your SBA loan through Guidant. Guidant further offers unsecured financing. This program allows you to secure up to $125,000 in capital, depending on credit score, debt utilization among other factors. Minimum credit score of 680 is required. The fee for this service varies depending on the loan used.
Guidant can also secure equipment leasing for you. New locations require 10% down. Interest rates vary from 6.99 to 13.90% depending on credit score and other factors.
Source: Item 10 — FINANCING (FDD pages 33–35)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, franchisees may be able to obtain unsecured financing through Guidant Financial. The program allows franchisees to secure up to $125,000 in capital. However, the actual amount a franchisee can secure depends on factors such as their credit score and debt utilization. A minimum credit score of 680 is required to qualify for this unsecured financing. The FDD also states that the fee for this service varies depending on the loan used.
This unsecured financing option can be a valuable resource for prospective Basecamp Fitness franchisees who need additional capital to cover startup costs or other business expenses. However, it's important to note that the availability and terms of this financing are subject to the franchisee's individual financial situation and creditworthiness. The franchisee should carefully consider the fees associated with the loan and ensure they can meet the repayment obligations.
It is also important to note that Basecamp Fitness receives a referral fee of $1,000 from Guidant Financial for each client that engages in their retirement rollover program. However, the FDD states that there is no direct affiliation between Guidant Financial Group and Basecamp Fitness.