Some states require that a fitness facility or health spa obtain a bond. The qualification process for the bond greatly depends on the risk. Some states require that this bond simply guarantees compliance with the local health laws. In that case the bond is rather easy to obtain. Only a simple credit check will be required up to $50,000. For some states the bond takes on the form of financial guarantee. The bond guarantees that any dues paid in advance will be returned if the gym does not open or close is before the membership term. In that case the principal applying for the bond will end or greater underwriting scrutiny. Financials would then be required. The premium for these bonds generally ranges from 1% to 2%.