LeaseQ Facilitates Financing to Support Expansion of Fitness Venture

LeaseQ announced support for the expansion of Steadfast Fitness & Performance (SF&P), a personal training facility developed by former NFL player and Super Bowl Champion Isaiah Stanback and former University of North Texas wide receiver Jared Harrison. By financing equipment through LeaseQ, Stanback and Harrison can now expand their facility by nine times the size to 14,000 square feet, to become one of the largest fitness training facilities in Dallas–Fort Worth.

LeaseQ identified multiple lenders that could help Stanback and Harrison finance the equipment they needed to expand their business. To get the best financing terms, LeaseQ split the financing into two separate leases and matched SF&P with American Capital. American Capital helped facilitate and structure both leases.

“Banks can love your idea and see your progress, but at the end of the day, they look at one or two factors,” Stanback said. “We started to expect to hear no and pray for yes. LeaseQ was the total opposite of what we’d been running into. It was a very clean process and every time we spoke with them, we’d ask, ‘Is this really happening?’”

“As a marketplace, we’re uniquely positioned to ensure Isaiah and Jared have options available to them and receive the best solution,” said David Trost, director of business development at LeaseQ. “We’re excited because this isn’t just a story about replacing an old piece of equipment. It’s a perfect example of helping a customer truly expand their business and take it to the next level.”

LeaseQ is an online marketplace that connects business owners, equipment sellers and lenders.

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Terry Mulreany
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