Hotworx
488
SBA Loans
$180.7M
Total Financed
$370K
Avg Loan Size
-21%
YoY Loan Growth
How Hotworx Compares
- Ranks #1 of 302 Fitness & Recreation brands by SBA loan count (#2 of 3,543 overall).
- Its average loan of $370K is 6% above the Fitness & Recreation median of $350K.
- Its 0.4% charge-off rate compares to a 2.0% average across all Fitness & Recreation brands.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2020 | 35 | $11.5M |
| FY2021 | 73 | $24.5M |
| FY2022 | 81 | $24.9M |
| FY2023 | 116 | $39.9M |
| FY2024 | 71 | $30.0M |
| FY2025 | 56 | $24.6M |
| FY2026 | 56 | $25.3M |
FY2026 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Hotworx Is Getting SBA-Financed
Recent SBA-Financed Hotworx Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Hotworx growing or shrinking?
Hotworx's SBA loan count fell 21% year-over-year. A decline in SBA financing doesn't necessarily mean the brand is shrinking -- franchisees may be using other financing, or SBA lending patterns may have shifted broadly.
How much does it cost to open a Hotworx 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 $370K (6% above 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 Hotworx?
2 of 488 SBA loans to Hotworx franchisees (0.4%) have been charged off since FY2020, compared to 2.0% across all Fitness & Recreation brands.
Top SBA Lenders
- The Huntington National Bank123
- Citizens Bank87
- First Bank of the Lake19
- Newtek Small Business Finance, Inc.17
- Pinnacle Bank16
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset