A fitness facility is a subscription business in a leasehold or an owned shell, and lenders read the membership file before the building. Retention, dues per member and the age of the equipment tell you more about next year’s revenue than the square footage does.
What the file turns on
Member count and churn over at least twenty-four months, dues per member, the remaining life of the equipment, and whether personal training or classes carry real margin.
Where deals fail
Membership built on heavily discounted promotions, equipment at the end of its life with no reserve to replace it, and a boutique concept with one instructor the members actually follow.
Owned versus leased
An owner-occupied building changes the file substantially — real estate collateral and an SBA structure are often available where a pure leasehold business is not.
Our minimum loan is $200,000. We are a direct commercial lender working across the 43 states we serve, in business since 1998. We do not publish a rate for this product because the number depends on the file — call and we will quote the deal in front of us.
SBA loans · Retail & Strip Center Loans in Texas · Commercial lending · All loan types · All property types