Elite Home Fitness
2
SBA Loans
$580K
Total Financed
$290K
Avg Loan Size
—
YoY Loan Growth
How Elite Home Fitness Compares
- Ranks #211 of 302 Fitness & Recreation brands by SBA loan count (#2,296 of 3,543 overall).
- Its average loan of $290K is 17% below the Fitness & Recreation median of $350K.
- With only 2 loans on record, its own charge-off rate isn't statistically meaningful -- for context, Fitness & Recreation brands overall see a 2.0% charge-off rate across 5,280 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2023 | 2 | $580K |
FY2023 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Elite Home Fitness Is Getting SBA-Financed
Recent SBA-Financed Elite Home Fitness Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Elite Home Fitness growing or shrinking?
Elite Home Fitness doesn't have enough SBA loan activity in both FY2022 and FY2023 to calculate a reliable year-over-year trend. For context, it ranks #211 of 302 Fitness & Recreation brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a Elite Home Fitness franchise?
We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $290K (17% below the typical Fitness & Recreation brand's $350K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for Elite Home Fitness?
Elite Home Fitness only has 2 SBA loans on record -- too few to calculate a meaningful charge-off rate on its own. For context, Fitness & Recreation brands overall see a 2.0% charge-off rate across 5,280 loans.
Top SBA Lenders
- The Huntington National Bank2
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Source: SBA 7(a) FOIA loan dataset. View dataset