How much do lenders finance for a Fitness Together franchise?

The median SBA loan approved for a Fitness Together franchise is $100,000, with the middle 80% of loans between $20,000 and $300,000. That is the financed portion only - it excludes the buyer's equity injection. SBA lenders typically want that injection at 10% or more of total project cost for a business acquisition or new franchise unit.

Which lenders finance Fitness Together franchises?

By dollars approved, the most active SBA lenders for Fitness Together have been Eastern Bank, Lake Forest Bank & Trust Company, Wells Fargo Bank, Truist Bank. Many franchise brands also maintain their own preferred-lender lists, and those may differ from who has historically approved the most volume.

How long are Fitness Together SBA loans?

The median term is 7 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Do Fitness Together SBA loans get charged off often?

15.1% of Fitness Together loans approved between FY2010 and FY2019 that have reached a terminal status were charged off, against 7.6% across all SBA lending. Franchise-level charge-off rates reflect the era a brand expanded in as much as the concept itself - brands that grew hardest into the 2010s carry more seasoned, and more resolved, loans.

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Franchise financing

Financing a Fitness Together franchise

SBA lenders have approved 75 loans against the Fitness Together brand since FY2010, totalling $9.9M. The median approval was $100,000, counted from loans lenders approved rather than projections in a disclosure document.

Rank by loan count

#294

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$100,000

Typical range

$20K-$300K

Middle 80% of loans

Median term

7 yr

Charge-off rate

15.1%

53 resolved FY10-19 loans

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Who financed Fitness Together

Lender	Loans	Approved
Eastern Bank	9	$812K
Lake Forest Bank & Trust Company	5	$731K
Wells Fargo Bank	3	$649K
Truist Bank	3	$591K
Thread Bank	2	$547K
Pinnacle Bank	2	$541K
Solera National Bank	1	$540K
Cambridge Savings Bank	4	$506K

Geography

Where Fitness Together units were financed

State	Loans	Share
Massachusetts	20
Rhode Island	10
Ohio	6
Virginia	6
Illinois	5
Minnesota	5
Idaho	3
South Carolina	3

The industry codes most often recorded on Fitness Together loans: Fitness and Recreational Sports Centers (713940), All Other Personal Services (812990), Diet and Weight Reducing Centers (812191). Each industry page lists the lenders and other brands in the same line of business.

Approvals by fiscal year

’10

’12

’14

’16

’18

’20

’23

’26

Loan count by fiscal year - a rough proxy for how fast the brand was opening units. Final bar is a partial year.

Loan sizes

Under $50K
24%
$50K - $150K
41%
$150K - $350K
28%
$350K - $1M
7%

Financing a franchise unit

Guidant Financial

Funds business and franchise buyers through 401(k) rollovers (ROBS), SBA loans, and portfolio lending, often combining them in one structure. Rollover structures are common among franchise buyers because they can supply the equity injection an SBA loan requires without taking on a second loan to do it.

Check options with Guidant Financial

Approved referral partner. We may be paid when a reader we refer starts an application. It changes nothing about the figures on this page. Those come from the SBA’s federal file.

An SBA 7(a) lender

An SBA 7(a) lender and marketplace for loans up to $500,000, plus bank term loans and custom financing. You apply on their site - we do not take applications and never see your information.

Check options with SmartBiz

We may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.

Financing a Fitness Together: common questions

How much do lenders finance for a Fitness Together franchise?: The median SBA loan approved for a Fitness Together franchise is $100,000, with the middle 80% of loans between $20,000 and $300,000. That is the financed portion only - it excludes the buyer's equity injection. SBA lenders typically want that injection at 10% or more of total project cost for a business acquisition or new franchise unit.
Which lenders finance Fitness Together franchises?: By dollars approved, the most active SBA lenders for Fitness Together have been Eastern Bank, Lake Forest Bank & Trust Company, Wells Fargo Bank, Truist Bank. Many franchise brands also maintain their own preferred-lender lists, and those may differ from who has historically approved the most volume.
How long are Fitness Together SBA loans?: The median term is 7 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.
Do Fitness Together SBA loans get charged off often?: 15.1% of Fitness Together loans approved between FY2010 and FY2019 that have reached a terminal status were charged off, against 7.6% across all SBA lending. Franchise-level charge-off rates reflect the era a brand expanded in as much as the concept itself - brands that grew hardest into the 2010s carry more seasoned, and more resolved, loans.

Compare other brands

Median loan size and charge-off rate across every franchise in the SBA record.

SBA lenders for franchises

Lenders ranked by franchise loans made, with the brands each one financed.

How SBA 7(a) works

The programme most franchise buyers use, explained end to end.

Buying a franchise with an SBA loan

Equity injection, the franchise directory, and what lenders check.

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