Member Article

Businesswoman lands funding to strengthen South Tyneside fitness club

A South Tyneside-based fitness club is gearing up for growth after securing a £10,000 loan from the Finance for Business North East Microloan Fund, a regional loan scheme managed by Rivers Capital Partners.

Kate’s Slimming Club, run by owner Kate Merchant, aims to provide a personal experience in a modern fitness environment with club specialising in high intensity and dynamic fitness classes.

The fitness club owner will use the money from the loan to grow her business in a variety of ways, purchasing more fitness equipment. A fully furnished beauty salon and a crèche will soon become part of the club in coming months, a selling point for people that see childcare as an obstacle.

Kate has built the company up over five years, with 10 years experience in the industry prior to founding the club. In 2009 she began to lead exercise classes in her local parish hall, only able to accommodate a few customers. By February 2014 she had bought her own premises and is now the owner of a highly successful fitness centre in the North East.

Rivers Capital Kristine Murane said, “It is great to see such a dynamic facility open in the area. The equipment Kate will buy enables the company to expand by increasing the number of members that can participate. This means plans that she has for the future are very achievable.”

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