Fitness and Recreational Sports Centers acquisitions in New York: SBA loan data
Since FY2018, SBA lenders have approved 27 7(a) loans to buy an existing business classified as Fitness and Recreational Sports Centers in New York, totaling $22.5M. The median loan was $500,000. That is 1.8% of the 1,530 acquisition loans in New York.
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How this compares
The median Fitness and Recreational Sports Centers loan in New York is 13% lower than the $577,500 median for all New York acquisitions, and 68% higher 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 2.7% of seasoned New York acquisition loans of any type.
Fitness and Recreational Sports Centers acquisition loans in New York by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $2.3M | $1,127,500 | |
| FY2019 | 4 | $3.9M | $878,000 | |
| FY2020 | 4 | $4.4M | $562,500 | |
| FY2021 | 3 | $244K | $68,000 | |
| FY2022 | 1 | $72K | $72,000 | |
| FY2023 | 1 | $180K | $180,000 | |
| FY2024 | 6 | $5M | $670,750 | |
| FY2025 | 2 | $853K | $426,300 | |
| FY2026 | 4 | $5.6M | $895,000 |
How often do these acquisition loans fail?
Fewer than 20 Fitness and Recreational Sports Centers in New York 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 | 5 | 18.5% | $8.4M | |
| 2 | Community Bank, National Association | 3 | 11.1% | $171K | |
| 3 | Manufacturers and Traders Trust Company | 2 | 7.4% | $565K | |
| 4 | First Heritage Federal Credit Union | 2 | 7.4% | $497K | |
| 5 | Chemung Canal Trust Company | 2 | 7.4% | $444K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Retrofitness | 3 | 11.1% | $4.2M | |
| 2 | Anytime Fitness | 3 | 11.1% | $3.8M | |
| 3 | The Bar Method | 2 | 7.4% | $1.5M | |
| 4 | Stretch Lab | 1 | 3.7% | $1.3M | |
| 5 | Burn Boot Camp Fitness | 1 | 3.7% | $540K |
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Questions buyers ask
How much do SBA loans for Fitness and Recreational Sports Centers acquisitions in New York run?
The median SBA 7(a) loan was $500,000 across 27 loans (FY2018 to FY2026), with the middle half between $116,500 and $1,107,500. 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 New York?
Live Oak Banking Company (5), Community Bank, National Association (3), Manufacturers and Traders Trust Company (2), First Heritage Federal Credit Union (2), Chemung Canal Trust Company (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Fitness and Recreational Sports Centers acquisition loans fail in New York?
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 New York?
14 of the 27 loans (52%) involved a franchise brand, most often Retrofitness (3).
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Related
- All New York acquisitions
- Fitness and Recreational Sports Centers nationally
- Fitness and Recreational Sports Centers in Texas
- Fitness and Recreational Sports Centers in Georgia
- 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 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.