Fitness Center Feasibility Study in the Oxnard-Thousand Oaks-Ventura, CA Metro Area

Fitness center lending in Oxnard-Thousand Oaks-Ventura: where the area stands

With 38 SBA approvals worth $16.0 million between FY2017 and FY2026, Oxnard-Thousand Oaks-Ventura, CA stands 61 of 608 among metro and micro areas for fitness center loans. The fitness center share of loans is 1.04x the national share, so the area tracks the national weighting. Within the area's own mix the class ranks 4 of 39, a top-tier line. All of the loans sit in CA, and all 38 are in Ventura County.

The median loan is $316,150, with the middle half running $154,250 to $504,075. That median is 1.22x the class median nationally, so borrowers here take larger loans. The split by program is left out of print by Loan Analytics for want of larger counts. Blank cells are never zeros. The franchise share of loans is 50.0%, which is context for any single project and no more.

Fitness center lenders in Oxnard-Thousand Oaks-Ventura

Among 7(a) loans, the largest holder listed is Wells Fargo Bank National Association, with 5 loans for $1.3 million. No 504 holder is listed, and each row is SBA’s record of the holder of a loan; they speak to files, not policy, and no row says what a lender requires.

The published years show 6 loans and $2.5 million in FY2017, 6 loans and $2.7 million in FY2019, 0 loans and $0 in FY2021 and 6 loans and $1.4 million in FY2022. FY2018, FY2020 and FY2023 through FY2026 stay blank because the counts are too thin, so blank years may hold loans. Cancellation and charge-off floors are both absent for this area, because the cohorts sit under 30 loans. Every total rests on the 2023 federal list: a loan is placed through its project county and is dropped when that county finds no match.

Oxnard-Thousand Oaks-Ventura: testing a fitness center project

Fitness center lending here is a backdrop, not a forecast. A study should establish membership volume against nearby households and test the amenities promised against the fees charged. Coverage should hold in the slow months, not only in a strong season. It should test replacement cycles for equipment, and address franchise fees where a brand applies, since half of the loans carry a franchise flag. Demand, cost, coverage and value each need evidence of their own for the project in question.