Business loan for Dance Studio

We have seen an upsurge in the fitness industry in the last decade at an exponential rate. The reason for that is that the people are becoming more aware of the benefits of a healthy lifestyle and how it can help to elongate the life span.

There are many types of physical activities which are gaining attention worldwide because just hitting the gym is considered to be boring nowadays. One such business that has evolved from just being a profession to becoming a lifestyle is dancing.

The increase in the number of dance studios all around the neighbourhood is simply because of the excellent demand for dance workouts and also for people who wish to practice and perfect their dance moves.

It was considered to be a single-dimensional profession a few years back. Still, today it has many real-life applications ranging from dance performances, practising, workout, weight loss programmes,  and many other fitness-related practices.

The types of dance forms which have become really popular in the last few years are Zumba, tap dance, breakdance, the traditional dance of the local ethnicity, and freestyle.

There is a need for creating more and more such academies and studios in different areas so that people could avail the benefits of this lifestyle. Also, this is an excellent source of combining business with pleasure as the fees these studios charge ranges from pretty high to moderately low depending on the type of facilities and trainers provided there.

Funding for Dance Studios

If you have ever thought of owning and operating such a studio, then you should look at this section. This will help you to understand what kind of resources and human power you will need to make a successful studio.

  1. Studio area- The first and foremost need is to have a proper space for people to be able to have long dancing sessions in groups or individually as they desire. The property rate of every area is different, and the localities should be selected accordingly.
  2. Trainers- If you want to make your studio famous and get it in the top list in the area, then you need to have experienced and enthusiastic trainers who are willing to give their 100% to the job and are able to impart a satisfying experience to the members. As you know, the talent comes at a cost, and you have to plan your budget according to the type of trainer you are willing to hire.
  3. Bills- The studio will need a continuous supply of water, electricity and other necessary facilities of washrooms, changing rooms and a proper reception with a full time working receptionist too. All these things will add more to the daily cost needs for operating the studio. These should be calculated well in advance to avoid any surprises in the future.
  4. Furniture and fixtures are the overhead cost of all fancy and essential items in the studio, depending on your plan. These include a sound music system, CCTV cameras, basic furniture for every room, large mirrors for the studio arena, and a proper air conditioning system. These are the basic needs for a regular studio, and the cost may vary from person to person as to how fancy they are trying to make their studio.
  5. Promotions- Dance studios are enough to sell themselves because of their popularity. But you still need to have the right amount of budget to promote it in various places so that you can reach more and more people. These promotions could include pamphlets, banners, hoardings, local magazine advertisements, and digital advertising as well, which could consist of websites and text messages listing the attractive benefits of joining the studio.

All these expenses are not that easy to be maintained by a small firm or an individual, and therefore a need for small business loans arise in these situations, and that is where we come into the picture as provide one of the best loan facilities in India.

Why choose Lendingkart for small business loans?

We provide the best hassle-free experience for all types of business loan needs. The reason why people choose us over other loan providers is that we have cut short the processing time of such loans to concise term than the traditional loan methods.

The rate of interest that we provide is unmatched and perfectly reasonable and will not feel heavy on your pocket.

We understand the need for customer support, and that is why we provide all types of real-time support services 24*7 to our customers.

The amount of loan and tenure can be quickly decided according to your needs and the type of business you want to run.

There is no need for your assets to be kept as collateral to apply for any loans with us.

The payment systems we have are super fast and very convenient, and you can make secure payments from any part of the world.

Loan for Dance Studio / Dance Academy FAQs:

1. What is the maximum amount of loan that I can procure from Lendingkart?

We provide a loan amount ranging from Rs. 50000 to Rs 2 Crore depending on the type of business you are investing in and the kind of investment you need.

2. How will the repayments will be made?

The repayments will be divided into convenient bi-weekly or monthly payments and can be easily made through automatic account deductions as well.

3. What kind of charges is needed to be paid? Are there any hidden charges involved?

There are no hidden charges that are included in our loans, and we only charge 2% of fixed processing fee on the sanctioned loan amount.

4. Do I need to pay any extra charges if the loan is paid earlier than decided time?

There are no pre-payment charges from our end, and we welcome customers who can repay their loan at an earlier stage.