Fitness Center Feasibility Study in the Worcester, MA Metro Area

How Worcester ranks for fitness center

With 41 SBA approvals worth $20.9 million between FY2017 and FY2026, Worcester, MA stands 58 of 608 among metro and micro areas. Counting fitness center loans, Worcester stands at 1.04x the share seen nationally: Worcester tracks the national weighting. Ranked inside Worcester, the class sits 3 of 39, a leading line here. Each Worcester project county is in MA.

The median Worcester loan comes to $167,000, with its middle half between $71,000 and $500,000. Our median is 0.64x the median nationally for the class, so Worcester loans run smaller. For Worcester, SBA 504 accounts for 7 loans and SBA 7(a) for 34, shaping each request. For Worcester, 504 means property and heavy equipment. In Worcester, franchised loans make up 39.0% of the class, a read on branding. Worcester lenders will see it as background.

Worcester holders and counties for fitness center

On the 7(a) side in Worcester, the holders on record, by loans, are TD Bank, National Association, with 5 loans worth $703,900. No 504 holder is listed for Worcester. Each Worcester row is an SBA record. The Worcester lenders named hold or held them. Worcester rows speak to files, not policy. No Worcester row says what a lender requires. In Worcester, by county, Worcester County, MA records 41 loans.

Worcester's published years show FY2018: 6 loans, $2.7 million, FY2019: 8 loans, $1.3 million, FY2022: 5 loans, $2.7 million, FY2023: 0 loans, $0 and FY2024: 10 loans, $7.4 million. FY2017, FY2020, FY2021, FY2025 and FY2026 stay blank for Worcester on thin counts, so blank years in Worcester may hold loans. Loans approved from FY2017 to FY2024 in Worcester ended in cancellation after approval, at least 13.9%; treat it as a floor. For Worcester, no charge-off floor is printed. In Worcester, a thin cohort means unpublished. Every Worcester figure follows the July 2023 delineation, where Worcester loans are placed by county, while Worcester leaves out unplaced counties.

What a Worcester fitness center study must prove

Worcester: this fitness center record sets context; a study supplies proof. Lenders in Worcester will look for rent risk in large leased boxes. Worcester reviewers will check franchise fees where a brand applies. A Worcester study begins by testing lease or building value in appraisal. In Worcester, a study has to test amenities promised against fees charged. Each Worcester study must establish replacement cycles for equipment. For Worcester: demand, cost, coverage, value. No Worcester approval is promised here.