Fitness and Recreational Sports Centers acquisitions in Kansas: SBA loan data
Since FY2018, SBA lenders have approved 13 7(a) loans to buy an existing business classified as Fitness and Recreational Sports Centers in Kansas, totaling $6.6M. The median loan was $250,000. That is 2.4% of the 531 acquisition loans in Kansas.
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How this compares
The median Fitness and Recreational Sports Centers loan in Kansas is 56% lower than the $565,500 median for all Kansas acquisitions, and 16% lower than the $298,450 median for Fitness and Recreational Sports Centers acquisitions nationwide (646 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 9.8% of seasoned Fitness and Recreational Sports Centers acquisition loans were charged off, and 4.9% of seasoned Kansas acquisition loans of any type.
Fitness and Recreational Sports Centers acquisition loans in Kansas by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $348K | $174,000 | |
| FY2019 | 3 | $1M | $180,900 | |
| FY2020 | 4 | $1.3M | $307,750 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $618K | $618,000 | |
| FY2024 | 1 | $2.8M | $2,793,000 | |
| FY2025 | 2 | $484K | $242,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Fitness and Recreational Sports Centers in Kansas acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 2 | 15.4% | $1.1M | |
| 2 | Emprise Bank | 2 | 15.4% | $993K | |
| 3 | Happen Bank | 1 | 7.7% | $2.8M | |
| 4 | First Merchants Bank | 1 | 7.7% | $618K | |
| 5 | Community National Bank & Trust | 1 | 7.7% | $268K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Orange Theory Fitness | 2 | 15.4% | $993K | |
| 2 | Anytime Fitness | 2 | 15.4% | $948K | |
| 3 | Burn Boot Camp Fitness | 1 | 7.7% | $181K | |
| 4 | barre3 | 1 | 7.7% | $60K |
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Questions buyers ask
How much do SBA loans for Fitness and Recreational Sports Centers acquisitions in Kansas run?
The median SBA 7(a) loan was $250,000 across 13 loans (FY2018 to FY2026). The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Fitness and Recreational Sports Centers acquisitions in Kansas?
Live Oak Banking Company (2), Emprise Bank (2), Happen Bank (1), First Merchants Bank (1), Community National Bank & Trust (1).
How often do Fitness and Recreational Sports Centers acquisition loans fail in Kansas?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Fitness and Recreational Sports Centers acquisitions in Kansas?
6 of the 13 loans (46%) involved a franchise brand, most often Orange Theory Fitness (2).
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Related
- All Kansas acquisitions
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- Fitness and Recreational Sports Centers in New Jersey
- Fitness and Recreational Sports Centers in Michigan
- Fitness and Recreational Sports Centers in Virginia
- Fitness and Recreational Sports Centers in Minnesota
- Fitness and Recreational Sports Centers in Washington
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Small samples move a lot: each loan in this combination is 8% of the count. Industry is the NAICS code the lender recorded. See the methodology.