FitCo Health Club
2
SBA Loans
$365K
Total Financed
$183K
Avg Loan Size
—
YoY Loan Growth
How FitCo Health Club Compares
- Ranks #205 of 302 Fitness & Recreation brands by SBA loan count (#2,219 of 3,543 overall).
- Its average loan of $183K is 48% 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 |
|---|---|---|
| FY2021 | 1 | $135K |
| FY2022 | 1 | $230K |
FY2022 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where FitCo Health Club Is Getting SBA-Financed
Recent SBA-Financed FitCo Health Club Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is FitCo Health Club growing or shrinking?
FitCo Health Club doesn't have enough SBA loan activity in both FY2021 and FY2022 to calculate a reliable year-over-year trend. For context, it ranks #205 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 FitCo Health Club 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 $183K (48% 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 FitCo Health Club?
FitCo Health Club 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
- PeoplesSouth Bank1
- The Huntington National Bank1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset