On top of my fulltime, I own a nightlife biz where I rent out lighting and audio production equipment as well as produce clubbing events. 

All of our team(bankers, equipment rental, electricians, engineers, excavators, etc) a few months ago it was still hot.

You will spend a huge amount of money on equipment and qualified personnel.

They provide all the equipment as a rental, which we pay 50/ month for.

What type of equipment did the gym have?  

Contract- terms, make sure you get a list/pictures/inventory of Personal property (don't want all of the furniture and equipment to walk out the door your first day), F. 

The most significant downside to SBA financing without real estate is that you'll be limited to a 10 year amortization on the acquisition and any working capital or (new) equipment being financed.

What about feedback from Viking Equipment Finance or Commerical Credit Group?

Exterior work included roof repairs, termite clearance, septic tank repairs, new pool equipment, new artificial turf and lots of landscape cleanup.

Debt is a tool; when you can control the tool, don't fear the tool, your better equipped to use that tool and use it to maximum effect free of injury.