Fitness Center Feasibility Study in the Durham-Chapel Hill, NC Metro Area

A high quotient for fitness

Durham-Chapel Hill ranks at 73 of 608 on the national list of areas for fitness center loans, and the class holds 3 of 39 inside Durham-Chapel Hill. The 29 approvals, worth $15.0 million, include 17 in Durham County and were recorded between FY2017 and FY2026. By location quotient (1.94x), SBA lending in Durham-Chapel Hill gives fitness center loans a larger slice than the national one. The ratio of 1.94x is the biggest figure on the page, though this Durham-Chapel Hill page does not call it distinctive.

Half of the Durham-Chapel Hill loans exceed $346,000, which is 1.33x the national figure for fitness centers, and most ordinary loans sit between $132,000 and $523,800. A franchise brand attaches to 41.4% of the loans, so independents are the majority. The page does not print how the Durham-Chapel Hill loans are divided across the two SBA programs for Durham-Chapel Hill. Durham-Chapel Hill supplies only loans that SBA recorded for fitness center, so totals for Durham-Chapel Hill say nothing about plans financed in Durham-Chapel Hill another way.

Years and a holder

The Huntington National Bank holds 5 of the 7(a) loans, $1.8 million in SBA's records. Ownership of the paper is the just thing shown; it implies no practice is implied. The page shows five years: no loans worth $0 in FY2019, no loans worth $0 in FY2022, FY2024 at 7 loans and $2.6 million, FY2025: 5 loans and $3.0 million and 9 loans worth $5.1 million in FY2026. FY2026 is a complete fiscal year and the biggest of the five. Loan Analytics leaves out Durham-Chapel Hill's two outcome rates as the Durham-Chapel Hill FY2017 to FY2021 pool counts under 30 loans, a number Loan Analytics' own rule cannot publish for Durham-Chapel Hill. A missing rate in Durham-Chapel Hill does not mean none.

A reader can see in the printed rows that the three most recent years carry more loans and more dollars than the two empty years before them, and this Durham-Chapel Hill page prints no other years to complete the picture. That is a pattern in the printed rows, not a claim about demand or about why it occurred. A lender should treat it as a description of what SBA recorded.

The tests a study in Durham-Chapel Hill has to pass

A Durham fitness plan has to estimate attainable membership, compare buildout and equipment spending with a loan near $346,000, and show revenue big sufficient for rent or ownership. Test the payment with a gradual ramp-up and again with a franchise fee. The quotient is the highest figure on this Durham-Chapel Hill page, so the Durham-Chapel Hill study should show that the site does not duplicate capacity the 29 financed loans already provide. The federal county grouping defines Durham-Chapel Hill, so loans from counties Durham-Chapel Hill cannot place stay excluded from its totals.