How much do lenders finance for a Snap Fitness franchise?

The median SBA loan approved for a Snap Fitness franchise is $150,000, with the middle 80% of loans between $38,000 and $381,600. 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 Snap Fitness franchises?

By dollars approved, the most active SBA lenders for Snap Fitness have been Wells Fargo Bank, Old National Bank, U.S. Bank, WBD, Inc.. 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 Snap Fitness 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 Snap Fitness SBA loans get charged off often?

11.0% of Snap Fitness 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.

Franchise financing

Financing a Snap Fitness franchise

SBA lenders have approved 243 loans against the Snap Fitness brand since FY2010, totalling $50.7M. The median approval was $150,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#60

of 1,651 brands

Loans approved

243

FY2010 onward

Median loan

$150,000

Typical range

$38K-$382K

Middle 80% of loans

Median term

10 yr

Charge-off rate

11.0%

154 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 Snap Fitness

Lender	Loans	Approved
Wells Fargo Bank	15	$4.3M
Old National Bank	13	$2.2M
U.S. Bank	10	$2.1M
WBD, Inc.	3	$1.9M
Midwest Business Finance Corporation	5	$1.9M
Zions Bank, A Division of	7	$1.6M
Pikes Peak Regional Development Corporation	2	$1.4M
JPMorgan Chase Bank	8	$1.3M

Geography

Where Snap Fitness units were financed

State	Loans	Share
Minnesota	60
Wisconsin	25
Michigan	17
Ohio	10
Louisiana	10
Texas	9
Washington	9
Missouri	8

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

’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
11%
$50K - $150K
33%
$150K - $350K
43%
$350K - $1M
11%
$1M - $2M
2%

Financing a Snap Fitness: common questions

How much do lenders finance for a Snap Fitness franchise?: The median SBA loan approved for a Snap Fitness franchise is $150,000, with the middle 80% of loans between $38,000 and $381,600. 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 Snap Fitness franchises?: By dollars approved, the most active SBA lenders for Snap Fitness have been Wells Fargo Bank, Old National Bank, U.S. Bank, WBD, Inc.. 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 Snap Fitness 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 Snap Fitness SBA loans get charged off often?: 11.0% of Snap Fitness 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.

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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