Franchise brands › F45 Training
Franchise brand277 approvals since FY2017
SBA loans to F45 Training franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Since FY2017, 277 SBA loan approvals worth $77.9M carry the F45 Training franchise code, 102 of them in FY2021 to FY2025.
In FY2025 there were 14, about level with FY2024. The average approval in the five-year window was $346K, and 4 of the approvals were 504 loans.
28 lenders made the FY2021 to FY2025 loans across 27 states; the most active were The Huntington National Bank (13), Citizens Bank (7) and FWBank (6).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 9.7% as charged off, above the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 10 | $2.4M | $238K | 0 | 59 |
| FY2025 | 14 | $6.2M | $443K | 1 | 141 |
| FY2024 | 15 | $4.9M | $328K | 1 | 134 |
| FY2023 | 23 | $9.9M | $430K | 1 | 210 |
| FY2022 | 20 | $6.0M | $301K | 1 | 166 |
| FY2021 | 30 | $8.2M | $274K | 0 | 255 |
| FY2020 | 63 | $17.3M | $274K | 0 | 568 |
| FY2019 | 64 | $15.5M | $242K | 0 | 465 |
| FY2018 | 33 | $7.1M | $215K | 0 | 200 |
| FY2017 | 5 | $394K | $79K | 0 | 13 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "F45 Training". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | F45 Training | All SBA loans |
|---|---|---|
| Approvals in these years | 195 | 725,496 |
| Cancelled or never disbursed | 19 | 91,827 |
| Disbursed loans | 176 | 633,669 |
| Paid in full | 106 | 471,304 |
| Charged off | 17 | 37,796 |
| Still outstanding (status exempt from disclosure) | 53 | 124,569 |
| Charged off, share of disbursed loans | 9.7% | 6.0% |
| Dollars charged off, share of disbursed dollars | 6.2% | 2.2% |
| Dollars charged off | $2.8M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 13 | $2.8M | 12.7% | |
| 2 | Citizens BankElizabethton, TN | 7 | $2.4M | 6.9% | |
| 3 | FWBankChicago, IL | 6 | $3.4M | 5.9% | |
| 4 | Happen BankLehi, UT | 6 | $3.3M | 5.9% | |
| 5 | Gulf Coast Bank and Trust CompanyNew Orleans, LA | 5 | $1.9M | 4.9% | |
| 6 | Mountain America FCUSandy, UT | 4 | $233K | 3.9% | |
| 7 | The Bancorp Bank National AssociationSioux Falls, SD | 3 | $814K | 2.9% | |
| 8 | American Bank of CommerceWolfforth, TX | 3 | $596K | 2.9% | |
| 9 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $355K | 2.9% | |
| 10 | Bank of America, National AssociationCharlotte, NC | 2 | — | 2.0% | |
| 11 | B:Side CapitalDenver, CO · CDC | 2 | — | 2.0% | |
| 12 | St. Louis BankSt. Louis, MO | 2 | — | 2.0% | |
| 13 | Mission BankBakersfield, CA | 2 | — | 2.0% | |
| 14 | Oxford BankOxford, MI | 2 | — | 2.0% | |
| 15 | Five Star BankRancho Cordova, CA | 2 | — | 2.0% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 12 | 11.8% | |
| 2 | California | 9 | 8.8% | |
| 3 | Colorado | 8 | 7.8% | |
| 4 | New Jersey | 6 | 5.9% | |
| 5 | Arizona | 6 | 5.9% | |
| 6 | Florida | 5 | 4.9% | |
| 7 | Utah | 5 | 4.9% | |
| 8 | Washington | 4 | 3.9% | |
| 9 | Minnesota | 4 | 3.9% | |
| 10 | Missouri | 4 | 3.9% | |
| 11 | Indiana | 4 | 3.9% | |
| 12 | Illinois | 4 | 3.9% | |
| 13 | New York | 4 | 3.9% | |
| 14 | Virginia | 3 | 2.9% | |
| 15 | Massachusetts | 3 | 2.9% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Amusement and Recreation IndustriesNAICS 7139 | 100 | 98.0% | |
| 2 | Other Personal ServicesNAICS 8129 | 2 | 2.0% |
Approval sizes
- $50,000 or less8.8%9
- $50,001 to $150,00014.7%15
- $150,001 to $350,00038.2%39
- $350,001 to $1 million35.3%36
- $1 million to $2 million2.9%3
Age of the businesses
- Existing, more than 2 years old13.7%14
- New business, 2 years or less17.6%18
- Startup, loan funds will open the business61.8%63
- Change of ownership6.9%7
Questions and answers
How many SBA loans go to F45 Training franchises?
277 approvals since FY2017, worth $77.9M; 102 in FY2021 to FY2025.
Which lenders make SBA loans for F45 Training franchises?
By approvals in FY2021 to FY2025: The Huntington National Bank (13), Citizens Bank (7), FWBank (6), Happen Bank (6), Gulf Coast Bank and Trust Company (5).
How large is a typical SBA loan for a F45 Training franchise?
The average approval in FY2021 to FY2025 was $346K.
What share of F45 Training SBA loans are charged off?
Of 176 disbursed loans approved in FY2010 to FY2021, 17 (9.7%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to F45 Training franchises rising?
Approvals in the three latest complete fiscal years total 52, against 113 in the three before: falling (-54%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error