SBA 7(a) Fitness Center Feasibility Study in North Dakota

North Dakota fitness center lending: dollars and loan size

SBA lists 31 SBA 7(a) loans to fitness centers in North Dakota between FY2017 and FY2026, with $6.4 million in gross dollars approved in North Dakota. Half the North Dakota loans sit at or below $145,000; the middle half of fitness centers spans $75,000 up to $322,000. Set beside the nationwide fitness centers median under SBA 7(a), North Dakota reads 0.59x, a lighter lean for fitness centers in North Dakota. A franchise listing appears on 32.3% of the loans in this fitness center cell for North Dakota.

On SBA 7(a) loan counts for fitness centers, rank 46 belongs to North Dakota; the class sits at 5 of 39 in North Dakota's own table. Volume crested in FY2019: 5 loans, $855,900; and FY2026 records 2 loans for $431,000. North Dakota sits near the bottom by count for 7(a) fitness lending, but inside the state the class takes 5 of 39, so the program matters more locally than the national table suggests.

Most North Dakota loans sit with Choice Financial Group, which holds 6 worth $2.1 million. Choice Financial Group opens SBA's list for North Dakota fitness centers; the 31 loans show holders past and present in North Dakota, not how any lends. Geographically, Cass stands first with 14, Burleigh second with 6, and Grand Forks third with 3. Smaller counts appear in Ward 2, Mercer 1 and Morton 1.

Reading the outcome floors for North Dakota fitness centers

Across 31 North Dakota loans, North Dakota cancellations after approval stay unprinted, and here North Dakota loss rates lack a funded cohort. Both gaps mean unknown. SBA-outside loans never appear in North Dakota's file.

Testing a North Dakota fitness center

Members supply the revenue, so estimate how many live within a short drive of Cass, where the market is small and the pool shallow. Churn is high, so test the forecast at conservative retention and sign-up rates. Most of a project goes to showers, flooring and ventilation, so a typical $145,000 loan deserves an itemized budget. Brand franchises change the cost of entry, though gym fit-out carries little appraised value and collateral rests on the lease. Peak hours crowd a small floor, and class income can lift margin only if someone delivers it.