It began in 2003 as a joint venture with a much bigger chain, Fitness First. Eventually, though, he went solo. Within a decade he had a four or five gyms scattered across London. It was going well, despite the hiccup of the financial crisis, and he wanted to push the accelerator.
But he had a problem, one that many Australian SMEs will recognise. “You get to a point where the banks will only lend you a finite amount – they’re very conservative,” he says.
Read the full article at the Financial Review.
