Fitness and Recreational Sports Centers acquisitions in Texas: SBA loan data
Since FY2018, SBA lenders have approved 58 7(a) loans to buy an existing business classified as Fitness and Recreational Sports Centers in Texas, totaling $37M. The median loan was $318,000. That is 1.4% of the 4,080 acquisition loans in Texas.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Fitness and Recreational Sports Centers loan in Texas is 63% lower than the $870,000 median for all Texas acquisitions, and 7% higher than the $298,450 median for Fitness and Recreational Sports Centers acquisitions nationwide (646 loans).
On losses, 11.1% of seasoned Fitness and Recreational Sports Centers loans in Texas were charged off, 132% higher than the 4.8% rate for all Texas acquisitions, and 14% higher than the 9.8% rate for the industry nationally.
Fitness and Recreational Sports Centers acquisition loans in Texas by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $9.5M | $602,050 | |
| FY2019 | 9 | $4.2M | $237,000 | |
| FY2020 | 7 | $2.7M | $295,000 | |
| FY2021 | 5 | $3.7M | $465,000 | |
| FY2022 | 2 | $804K | $401,750 | |
| FY2023 | 6 | $1.4M | $232,000 | |
| FY2024 | 7 | $4.3M | $400,000 | |
| FY2025 | 8 | $3.5M | $291,000 | |
| FY2026 | 8 | $6.9M | $472,400 |
How often do these acquisition loans fail?
Of the 27 Fitness and Recreational Sports Centers in Texas acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 11.1% by loan count and 5.3% by dollars. 11 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Fitness and Recreational Sports Centers in Texas is 216% higher than the acquisition-loan average. 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 | Frost Bank | 4 | 6.9% | $3.6M | |
| 2 | Live Oak Banking Company | 4 | 6.9% | $1.4M | |
| 3 | Midwest Regional Bank | 4 | 6.9% | $1.3M | |
| 4 | Truist Bank | 3 | 5.2% | $980K | |
| 5 | First Financial Bank | 2 | 3.4% | $1.2M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Anytime Fitness | 11 | 19.0% | $4.5M | |
| 2 | Hotworx | 6 | 10.3% | $2.2M | |
| 3 | Pure Barre | 4 | 6.9% | $1M | |
| 4 | Orange Theory Fitness | 2 | 3.4% | $4.9M | |
| 5 | The Bar Method | 2 | 3.4% | $727K |
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Questions buyers ask
How much do SBA loans for Fitness and Recreational Sports Centers acquisitions in Texas run?
The median SBA 7(a) loan was $318,000 across 58 loans (FY2018 to FY2026), with the middle half between $240,250 and $591,200. 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 Texas?
Frost Bank (4), Live Oak Banking Company (4), Midwest Regional Bank (4), Truist Bank (3), First Financial Bank (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 Texas?
11.1% of 27 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Fitness and Recreational Sports Centers acquisitions in Texas?
36 of the 58 loans (62%) involved a franchise brand, most often Anytime Fitness (11).
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Texas acquisitions
- Fitness and Recreational Sports Centers nationally
- Fitness and Recreational Sports Centers in Georgia
- Fitness and Recreational Sports Centers in New York
- 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 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.