SBA 504 Fitness Center Feasibility Study in Massachusetts

The Massachusetts SBA 504 fitness center record at a glance

SBA's files show 49 approvals under 504 for fitness center projects in Massachusetts between FY2017 to FY2026, worth $70.0 million. Measured by approvals, Massachusetts takes position 4 for fitness center in this program, and inside Massachusetts the class is 6 of 39. The median fitness center loan in Massachusetts is $1.1 million; against the national centre for fitness center loans under SBA 504, 1.34x is the ratio, so Massachusetts projects take heavier amounts than comparable projects in other states. Approvals in the central band for Massachusetts run from $595,000 to $2.0 million. Franchised applicants account for 6.1% of the 49 loans. Across its 49 loans, Massachusetts fitness center lending does not separate from its parent classes: no Massachusetts measure clears the distinctness margin, so readers in Massachusetts are better served by the detail on lenders, counties and timing.

For Massachusetts fitness center: institutions and local spread

Among Massachusetts certified development companies, the leaders by loans authorized are Granite State Economic Development Corporation at $21.0 million across 16 loans, New England Certified Development Corporation at $23.7 million across 13 loans and Bay Colony Development Corporation at $15.0 million across 13 loans. The Massachusetts fitness center ranking tracks whoever owns each Massachusetts loan; the original lender of those 16 loans can differ. Within Massachusetts, the counties with the most loans are Middlesex with 11, Essex with 9, Worcester with 7 and Plymouth with 6. On the calendar for Massachusetts, approvals peaked at 12 loans, worth $13.3 million, in FY2022, with FY2026 at 2 loans and $1.3 million; the series opened in FY2017 at 3.

Massachusetts fitness center: how to read the outcome floors

Cancellations after approval run 14.3% at minimum for FY2017 to FY2024 Massachusetts fitness center approvals; add the loans yet undisbursed then the ceiling becomes 19.0%. Disbursements on the 49 Massachusetts fitness center loans, for FY2017 through FY2021, are too sparse to support a fitness center charge-off rate, which is why that rate is withheld and that blank is no claim of zero losses. Each Massachusetts fitness center rate above is a minimum, because open fitness center loans among the 49 can yet change. Nothing special in the coding affects fitness center totals for Massachusetts, though SBA sorts Massachusetts clients by industry code, so one fitness center operator among the 49 may sit in a neighbouring Massachusetts class.

The tests a fitness center (SBA 504) study in Massachusetts has to pass

In Massachusetts, two loans sit behind each of the 49 504 fitness center projects: one from a Massachusetts certified development company, one from a separate Massachusetts lender. The study must show that income from the club, on the owned site with its equipment, can service both, with Massachusetts equity from the borrower. A Massachusetts fitness center feasibility study measures membership capacity against competing clubs and the sign-ups could ramp. Open footprints and equipment lists keep Massachusetts fitness center costs exposed to the space rate. Test the Massachusetts fitness center cash flow at the $1.1 million median and at $2.0 million: the ratio that holds only in a best year will not be persuasive. An appraiser must read membership retention against rent, so the study gives both. Lenders such as Granite State Economic Development Corporation appear in this Massachusetts record; the record is history, and what Granite State Economic Development Corporation or any other Massachusetts lender wants from a fitness center study is its own to state.

The $70.0 million in approvals here come from SBA's own Massachusetts records and serve as context for a fitness center request; the local work belongs to the fitness center study, which Daniel Smith, MAI, signs for Massachusetts, and none of the figures printed on this page promises an approval.