Fitness Center Feasibility Study in the Fort Collins-Loveland, CO Metro Area

What SBA's own loan files show about fitness center lending in the Fort Collins-Loveland, CO Metro Area, and what a feasibility study for a project there has to test.

Fitness center in Fort Collins: the loan record

Fort Collins gets 34 loans approved for fitness center, $21.7 million gross, from FY2017 to FY2026. On fitness center, Fort Collins stands 68 of 608 among ranked areas. Within Fort Collins, fitness center is 3 of 39. Fort Collins has a quotient of 1.65x, fitness center above the national share.

Fort Collins: loan size and franchise

Loan size in Fort Collins centres on $395,000, and its middle half runs between $227,250 and $653,675. Fort Collins stands at 1.52x against the national class median. Fort Collins loans run above the national middle. Fort Collins has 28 loans under 7(a). Fort Collins has 6 under 504. Fort Collins finances fixed assets through 504. In Fort Collins, 7(a) is the broader program. Fort Collins's split shows its financing mix. Fort Collins loans show a 47.1% franchise share. Fort Collins loans run bigger. In Fort Collins, a study must prove the payment.

Fort Collins holders and counties

Holder in Fort Collins: Wells Fargo Bank National Association, 5 loans, $3.3 million, SBA 7(a). Listed Fort Collins names are current holders, per SBA. Fort Collins rows speak to files, not requirements. Fort Collins borrowers read the list as holders. Fort Collins fitness center lenders get first tests. Fort Collins has one county, Larimer County, CO, with all 34 loans.

Fort Collins years and fitness center coding limits

Fort Collins prints only these fiscal years. In FY2018, Fort Collins had 5 loans worth $2.6 million. In FY2019, Fort Collins had 7 loans worth $5.4 million. Other Fort Collins years are withheld. Thin counts leave Fort Collins totals unknown. In Fort Collins, no blank is a zero, and Fort Collins treats FY2026 as complete. Fort Collins floors follow Loan Analytics' own rule. That Fort Collins cohort holds fewer than 30 loans. The Fort Collins cohort covers FY2017 to FY2021 disbursements. So Fort Collins prints no cancellation floor. So Fort Collins prints no charge-off floor. Fort Collins's blank floor is no zero. Fort Collins borrowers learn little from it. Any Fort Collins rate that prints is a floor. Fort Collins borders come from the July 2023 list. Fort Collins places each loan by project county. Fort Collins drops loans with unplaceable counties.

Fort Collins: testing a fitness center project

Fort Collins modelling starts from the $395,000 median, against the project in Fort Collins. We would test class schedules and staffing at the Fort Collins site, since instructor hours are a fixed cost that members do not feel. The appraisal in Fort Collins separates leasehold improvements and equipment from the membership base, which a buyer may not inherit. A Fort Collins study should hold the concept against the gyms already open nearby and test whether its price point is defensible. Daniel Smith, MAI, signs each Fort Collins study. Fort Collins demand and cost come first. In Fort Collins, coverage follows, then the appraisal. Fort Collins borrowers are promised no approval here.

SBA fitness center loans in the Fort Collins-Loveland, CO Metro Area

Loans approved, FY2017 to FY202634
Gross dollars approved$21.7 million
Median loan$395,000
Middle half of loans, from$227,250
Middle half of loans, to$653,675
SBA 7(a) loans28
SBA 504 loans6
Franchise share of loans47.1%
Rank among metro and micro areas for fitness center loans68 of 608
Rank of fitness center among the classes in this area3 of 39
Location quotient (share of loans against the national share)1.65x
Median loan against the national median for the class1.52x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)not reported: fewer than 30 loans in the cohort
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA fitness center loans approved in the Fort Collins-Loveland, CO Metro Area, by fiscal year

02468FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Loans, FY2018: 5Loans, FY2019: 7
Fiscal yearLoansDollars
FY2017withheldwithheld
FY20185$2.6 million
FY20197$5.4 million
FY2020withheldwithheld
FY2021withheldwithheld
FY2022withheldwithheld
FY2023withheldwithheld
FY2024withheldwithheld
FY2025withheldwithheld
FY2026withheldwithheld

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
LenderLoansDollars
Wells Fargo Bank National Association5$3.3 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

CountyLoans
Larimer County, CO34

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-22660-C33.

Loan Analytics prepares the feasibility study a lender reads before it commits: for a fitness center project in the Fort Collins-Loveland, CO Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

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