Spenga
38
SBA Loans
$23.9M
Total Financed
$628K
Avg Loan Size
—
YoY Loan Growth
How Spenga Compares
- Ranks #33 of 302 Fitness & Recreation brands by SBA loan count (#302 of 3,543 overall).
- Its average loan of $628K is 79% above the Fitness & Recreation median of $350K.
- Its 13.2% 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 | 17 | $10.2M |
| FY2021 | 10 | $6.2M |
| FY2022 | 6 | $4.3M |
| FY2023 | 3 | $2.7M |
| FY2025 | 1 | $350K |
| FY2026 | 1 | $108K |
FY2026 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Spenga Is Getting SBA-Financed
Recent SBA-Financed Spenga Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Spenga growing or shrinking?
Spenga doesn't have enough SBA loan activity in both FY2025 and FY2026 to calculate a reliable year-over-year trend. For context, it ranks #33 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 Spenga 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 $628K (79% 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 Spenga?
5 of 38 SBA loans to Spenga franchisees (13.2%) have been charged off since FY2020, compared to 2.0% across all Fitness & Recreation brands.
Top SBA Lenders
- Beacon Bank and Trust7
- TowneBank7
- Wells Fargo Bank National Association4
- Celtic Bank Corporation3
- Simmons 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