Fitness Center Feasibility Study in the Virginia Beach-Chesapeake-Norfolk, VA-NC Metro Area
What SBA's own loan files show about fitness center lending in the Virginia Beach-Chesapeake-Norfolk, VA-NC Metro Area, and what a feasibility study for a project there has to test.
Fitness center in Virginia Beach-Chesapeake-Norfolk against the national picture
64 SBA loans worth $36.7 million were approved in Virginia Beach-Chesapeake-Norfolk, VA-NC from FY2017 to FY2026, a rank of 44 of 608 among metro and micro areas. Virginia Beach-Chesapeake-Norfolk's fitness center share of loans is 1.68x the national share: Virginia Beach-Chesapeake-Norfolk favors the class heavily. Ranked inside Virginia Beach-Chesapeake-Norfolk, the class sits 3 of 39, a big mix piece. The Virginia Beach-Chesapeake-Norfolk area crosses NC and VA, a multi-state market.
In Virginia Beach-Chesapeake-Norfolk, the median loan is $341,000, and the central loans span $150,000 to $583,075. The local median is 1.32x the national class median, so Virginia Beach-Chesapeake-Norfolk borrowers take larger loans. By program, Virginia Beach-Chesapeake-Norfolk shows 56 SBA 7(a) loans against 8 SBA 504 loans, shaping each request. Virginia Beach-Chesapeake-Norfolk 504 borrowers pledge property and capital equipment. In Virginia Beach-Chesapeake-Norfolk, franchised loans make up 50.0% of the class, a read on branding. For Virginia Beach-Chesapeake-Norfolk borrowers, that is context only.
Virginia Beach-Chesapeake-Norfolk lenders and counties behind the record
On the 7(a) side in Virginia Beach-Chesapeake-Norfolk, the largest holders listed are Truist Bank with 5 loans worth $1.5 million; and The Huntington National Bank with 5 loans worth $1.1 million. No 504 holder is listed for Virginia Beach-Chesapeake-Norfolk. Every Virginia Beach-Chesapeake-Norfolk row is an SBA record. These Virginia Beach-Chesapeake-Norfolk loans sit with the lenders named. Virginia Beach-Chesapeake-Norfolk rows speak to files, not policy. No Virginia Beach-Chesapeake-Norfolk row says what a lender requires. Virginia Beach-Chesapeake-Norfolk place by place: Virginia Beach city, VA holds 26 loans; next come Chesapeake city, VA (10), Newport News city, VA (9) and Norfolk city, VA (7).
The yearly record for Virginia Beach-Chesapeake-Norfolk lists FY2017: 12 loans, $9.2 million, FY2019: 8 loans, $1.5 million, FY2020: 5 loans, $3.0 million, FY2023: 5 loans, $4.5 million, FY2024: 9 loans, $3.2 million, FY2025: 10 loans, $4.4 million and FY2026: 7 loans, $7.0 million. The years left unprinted are held back for Virginia Beach-Chesapeake-Norfolk on thin counts, which makes Virginia Beach-Chesapeake-Norfolk's gaps silence, not nil. Virginia Beach-Chesapeake-Norfolk has no published cancellation floor. Virginia Beach-Chesapeake-Norfolk's approval cohort is too small to publish. Virginia Beach-Chesapeake-Norfolk carries no printed charge-off floor. In Virginia Beach-Chesapeake-Norfolk, a thin cohort means unpublished. Counts for Virginia Beach-Chesapeake-Norfolk use the 2023 federal list, with Virginia Beach-Chesapeake-Norfolk loans placed by project county, while Virginia Beach-Chesapeake-Norfolk leaves out unplaced counties.
Virginia Beach-Chesapeake-Norfolk: testing a fitness center project
The Virginia Beach-Chesapeake-Norfolk fitness center figures frame a project; only a study clears it. For Virginia Beach-Chesapeake-Norfolk, we would first examine lease or building value in appraisal. In Virginia Beach-Chesapeake-Norfolk, the study must show competing gyms and their price points. In Virginia Beach-Chesapeake-Norfolk, underwriters will ask the study to address membership volume against nearby households. Virginia Beach-Chesapeake-Norfolk analysis should establish rent risk in large leased boxes. Virginia Beach-Chesapeake-Norfolk borrowers should expect the study to document equipment, flooring and locker room cost. Virginia Beach-Chesapeake-Norfolk work runs demand, cost, coverage, value. A Virginia Beach-Chesapeake-Norfolk study guarantees nothing to lenders.
SBA fitness center loans in the Virginia Beach-Chesapeake-Norfolk, VA-NC Metro Area
| Loans approved, FY2017 to FY2026 | 64 |
|---|---|
| Gross dollars approved | $36.7 million |
| Median loan | $341,000 |
| Middle half of loans, from | $150,000 |
| Middle half of loans, to | $583,075 |
| SBA 7(a) loans | 56 |
| SBA 504 loans | 8 |
| Franchise share of loans | 50.0% |
| Rank among metro and micro areas for fitness center loans | 44 of 608 |
| Rank of fitness center among the classes in this area | 3 of 39 |
| Location quotient (share of loans against the national share) | 1.68x |
| Median loan against the national median for the class | 1.32x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | withheld |
|---|---|
| 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 Virginia Beach-Chesapeake-Norfolk, VA-NC Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 12 | $9.2 million |
| FY2018 | withheld | withheld |
| FY2019 | 8 | $1.5 million |
| FY2020 | 5 | $3.0 million |
| FY2021 | withheld | withheld |
| FY2022 | withheld | withheld |
| FY2023 | 5 | $4.5 million |
| FY2024 | 9 | $3.2 million |
| FY2025 | 10 | $4.4 million |
| FY2026 | 7 | $7.0 million |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Truist Bank | 5 | $1.5 million |
| The Huntington National Bank | 5 | $1.1 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
| County | Loans |
|---|---|
| Virginia Beach city, VA | 26 |
| Chesapeake city, VA | 10 |
| Newport News city, VA | 9 |
| Norfolk city, VA | 7 |
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-47260-C33.
Related feasibility study pages
- Fitness center feasibility study consultant
- Feasibility Study Data for the Virginia Beach-Chesapeake-Norfolk, VA-NC Metro Area
- Fitness Center Feasibility Study in North Carolina
- Fitness Center Feasibility Study in Virginia
- North Carolina feasibility studies for SBA and USDA loans
- Virginia feasibility study consultant
- Feasibility Study Data by Metro Area
- SBA feasibility study consultant
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