Snap Fitness secures Lloyds Bank funding support

Snap Fitness has announced Lloyds Bank as a newly approved finance provider for its UK & Ireland franchise network, reinforcing the brand’s position as a proven and investable franchise opportunity.

The agreement enables Lloyds Bank to support Snap Fitness franchisees with funding of up to 70% for new club openings, modernisations and further investment across the estate. The approval follows a comprehensive assessment of Snap Fitness’ operating model, financial performance and long-term growth strategy.

Lloyds Bank’s decision to partner with Snap Fitness reflects the strength and consistency of the franchise’s performance across the UK & Ireland. The brand has continued to deliver significant results and growth at club level, supported by a comprehensive support structure – key factors in securing the backing of a leading high street bank.

The partnership has been developed through close collaboration between Rene Swart, Director of Finance at Snap Fitness EMEA, and the Lloyds Bank franchising team, led by Suki Dehal, Head of Franchising at Lloyds Bank.

“As we continue to grow, access to experienced franchise lenders is essential. Lloyds Bank’s approval enhances our funding proposition and gives franchisees greater confidence as they plan future investments.”

Suki Dehal, Head of Franchising at Lloyds Bank, said: “Snap Fitness has demonstrated a resilient and well-structured franchise model, underpinned by a clear commitment to achieving franchisee success. We’re pleased to now be working with the team at Snap Fitnessand look forward to supporting its franchisees as the brand continues to expand.”

The UK fitness market continues to show strong long-term potential, with demand for accessible, community-based gyms remaining high. Snap Fitness currently operates 109 clubs across the UK & Ireland and plans to open up to 20 additional locations over the next 12 months.

Lloyds Bank now joins Snap Fitness’ panel of approved finance providers, alongside existing banking relationships, further strengthening funding access for franchisees and supporting the brand’s next phase of growth.

To find out more about franchising with Snap Fitness, visit their profile.