Hi-Five
2
SBA Loans
$248K
Total Financed
$124K
Avg Loan Size
—
YoY Loan Growth
How Hi-Five Compares
- Ranks #193 of 302 Fitness & Recreation brands by SBA loan count (#1,997 of 3,543 overall).
- Its average loan of $124K is 65% 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 |
|---|---|---|
| FY2020 | 2 | $248K |
FY2020 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Hi-Five Is Getting SBA-Financed
Recent SBA-Financed Hi-Five Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Hi-Five growing or shrinking?
Hi-Five doesn't have enough SBA loan activity in both FY2019 and FY2020 to calculate a reliable year-over-year trend. For context, it ranks #193 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 Hi-Five 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 $124K (65% 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 Hi-Five?
Hi-Five 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
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset