SBA 7(a) Fitness Center Feasibility Study in Delaware

Delaware fitness center loans under SBA 7(a): the full record

Across FY2017 and FY2026, SBA backed 38 loans in the 7(a) program to fitness center projects in Delaware, carrying $12.7 million in gross dollars. Delaware's fitness center book under SBA 7(a) stands 43 across the states on loan count, and fitness center is 3 of 39 among Delaware's asset classes. Midpoint size: $245,000. Compared with fitness center (SBA 7(a)) loans nationwide, Delaware runs at 1.00x on the median, a near-identical ticket size. Half of all Delaware approvals fall from $50,000 to $412,350. 39.5% of these Delaware loans went to franchised businesses. At $245,000, the Delaware median matches the national one, and none of the metrics across the 38 loans differs from the comparators by the required margin; the lender names and local spread carry the detail.

For Delaware fitness center: lender names, counties and the yearly pattern

At the top of the lenders list for Delaware: Manufacturers and Traders Trust Company, 14 loans at $2.1 million; Wilmington Savings Fund Society FSB, 7 loans at $4.1 million. SBA names each Delaware fitness center loan's holder today, so this list shows who holds the loans. Delaware's fitness center loans sort by county as follows: New Castle with 22, Sussex with 14 and Kent with 2. Year by year in Delaware, approvals peaked at 7 loans, worth $1.6 million, in FY2024, and the final year, FY2026, shows 7 loans and $4.1 million, while the first year, FY2017, began with 6.

Delaware: outcomes, read as minimums for fitness center

Loan Analytics holds back the Delaware fitness center cancellation rate, as only a few of the 38 loans sit in the cohort funded FY2017 to FY2024; treat the Delaware gap as withheld, not as zero fitness center cancellations. Among Delaware fitness center loans funded across FY2017 through FY2021, the sample behind a charge-off rate is thin, so Loan Analytics prints none, and readers should not take that as zero charge-offs. Lenders must treat these Delaware rates, drawn from 38 loans, as minimums, never as settled outcomes. SBA classifies the 38 Delaware borrowers by industry code, not by fitness center building or concept, so fitness center here follows the code groupings, not fitness center's physical use of a Delaware site.

What a Delaware fitness center study must test

Under 7(a), a Delaware fitness center request, one of 38, is judged by a lender, with the backed part of the loan resting on Delaware repayment capacity and collateral the Delaware study must document. Membership for a Delaware fitness center depends on nearby households, incomes and the gyms competing for them. Equipment, locker rooms and building height shape fitness center costs in Delaware, and every item gets a number. The coverage test runs at $245,000 and as well at $412,350, plus a slower case, so a Delaware lender can see where fitness center coverage thins. Valuation of fitness center property in Delaware turns on what a typical operator could pay. Manufacturers and Traders Trust Company holds 14 of the loans; that count tells us nothing about a lender's requirements for a Delaware fitness center borrower, which stays its own to state.

The 38 Delaware loans are history, and a fitness center study from Daniel Smith, MAI, for Delaware handles the project and site matters; these Delaware figures guarantee no approval.