Franchise financing
Financing a Fleet Feet Sports franchise
SBA lenders have approved 72 loans against the Fleet Feet Sports brand since FY2010, totalling $26.2M. The median approval was $215,250. These are loans that actually closed - not projections from a disclosure document.
Rank by loan count
#309
of 1,651 brands
Loans approved
72
FY2010 onward
Median loan
$215,250
Typical range
$50K-$798K
Middle 80% of loans
Median term
10 yr
Charge-off rate
6.1%
33 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 Fleet Feet Sports
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 11 | $5.4M | |
| CFBank | 3 | $3.3M | |
| Wells Fargo Bank | 14 | $2.8M | |
| First-Citizens Bank & Trust Company | 1 | $2.4M | |
| First National Bank of Pennsylvania | 1 | $1.4M | |
| Midwest Regional Bank | 1 | $1.2M | |
| Pinnacle Bank | 4 | $893K | |
| Fifth Third Bank | 1 | $798K |
Geography
Where Fleet Feet Sports units were financed
| State | Loans | Share |
|---|---|---|
| California | 10 | |
| Ohio | 10 | |
| South Carolina | 6 | |
| North Carolina | 5 | |
| Alabama | 4 | |
| Mississippi | 4 | |
| Illinois | 3 | |
| New York | 3 |
Approvals by fiscal year
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 $50K10%
- $50K - $150K21%
- $150K - $350K43%
- $350K - $1M17%
- $1M - $2M7%
- Over $2M3%
Financing a Fleet Feet Sports: common questions
- How much do lenders finance for a Fleet Feet Sports franchise?
- The median SBA loan approved for a Fleet Feet Sports franchise is $215,250, with the middle 80% of loans between $50,000 and $798,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.
- Which lenders finance Fleet Feet Sports franchises?
- By dollars approved, the most active SBA lenders for Fleet Feet Sports have been The Huntington National Bank, CFBank, Wells Fargo Bank, First-Citizens Bank & Trust Company. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.
- How long are Fleet Feet Sports SBA loans?
- The median term is 10 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 Fleet Feet Sports SBA loans get charged off often?
- 6.1% of Fleet Feet Sports 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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