Fitness Center Feasibility Study in the Salt Lake City-Murray, UT Metro Area

Salt Lake City: fitness center

Salt Lake City approved fitness center loans: 78 in FY2017 to FY2026, worth $30.7 million. Salt Lake City ranks 37 of 608 for the class on 78 loans among metro areas; in Salt Lake City, the class ranks 5 of 39. Salt Lake City's location quotient reads 0.86x on 78 loans: a lighter concentration. In Salt Lake City, ranks and the 0.86x quotient, from 78 loans, distinguish the class; Salt Lake City size is 1.04x the national median.

$270,000 marks the median of 78 loans, close to the national figure (1.04x), and $89,025 to $497,675 bounds Salt Lake City's middle half. Salt Lake City program split: withheld, not zero. 64.1% is the franchise share of 78 loans; the rest are independents.

Salt Lake City's 7(a) table, 16 loans at The Huntington National Bank, $5.8 million; 6 at Central Bank (UT), $2.0 million; 5 at Zions Bancorporation, National Association, $720,800. Salt Lake City: holders under 5 loans go unnamed. Salt Lake City county counts, 78 loans: Salt Lake County, UT 78.

The Salt Lake City loans' fate

9.4% at minimum: Salt Lake City's cancelled share through FY2024. Salt Lake City's ceiling for undisbursed loans: withheld. Salt Lake City charge-offs: too few, not zero. Salt Lake City floors may rise with open loans. Salt Lake City approvals ran from 9 loans and $2.7 million in FY2019 to 12 loans and $4.5 million in FY2026, peaking at 13 in FY2025 and dipping to 6 in FY2020. Salt Lake City loans per year: FY2019 9, FY2020 6, FY2021 8, FY2023 9, FY2024 6, FY2025 13, FY2026 12. Yearly dollars: FY2019 $2.7 million, FY2020 $1.5 million, FY2021 $1.8 million, FY2023 $3.7 million, FY2024 $1.5 million, FY2025 $4.9 million, FY2026 $4.5 million. Withheld Salt Lake City years are not zero.

Salt Lake City: the study's tests

Across 78 loans, membership retention in Salt Lake City carries $270,000. Salt Lake City: facing weak signups, debt service holds with $30.7 million approved. For 78 loans in Salt Lake City, buildout costs outside $89,025 to $497,675 need cases. For 78 approvals in Salt Lake City, appraisers weigh lease and membership. Salt Lake City approvals ran from 6 in FY2020 to 13 in FY2025; for Salt Lake City, plan for slow signups. Salt Lake City's quotient, 0.86x: count rivals by price tier.

Salt Lake City's 78 loans are placed by project county. Salt Lake City follows the July 2023 delineation. Salt Lake City drops unplaceable counties from $30.7 million. Treat 78 loans as a guide to Salt Lake City, not a census.