Iron 24
8
SBA Loans
$1.9M
Total Financed
$240K
Avg Loan Size
-80%
YoY Loan Growth
How Iron 24 Compares
- Ranks #116 of 302 Fitness & Recreation brands by SBA loan count (#1,080 of 3,543 overall).
- Its average loan of $240K is 31% below the Fitness & Recreation median of $350K.
- With only 8 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 | $279K |
| FY2024 | 5 | $1.2M |
| FY2025 | 1 | $481K |
FY2025 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Iron 24 Is Getting SBA-Financed
Recent SBA-Financed Iron 24 Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Iron 24 growing or shrinking?
Iron 24's SBA loan count fell 80% 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 Iron 24 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 $240K (31% 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 Iron 24?
Iron 24 only has 8 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 Bank6
- Midland States Bank1
- Citizens 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