Franchise brands › Perspire Sauna Studio
Franchise brand79 approvals since FY2018
SBA loans to Perspire Sauna Studio 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 FY2018, 79 SBA loan approvals worth $29.2M carry the Perspire Sauna Studio franchise code, 62 of them in FY2021 to FY2025.
In FY2025 there were 15, down 17% on FY2024. The average approval in the five-year window was $354K.
14 lenders made the FY2021 to FY2025 loans across 19 states; the most active were The Huntington National Bank (36), First Bank of the Lake (8) and Lincoln Savings Bank (4).
These are loans to independent franchise owners, not to 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* | 12 | $6.1M | $510K | 0 | 83 |
| FY2025 | 15 | $6.0M | $403K | 0 | 114 |
| FY2024 | 18 | $6.4M | $357K | 0 | 225 |
| FY2023 | 15 | $5.0M | $335K | 0 | 213 |
| FY2022 | 4 | $2.0M | $503K | 0 | 39 |
| FY2021 | 10 | $2.4M | $243K | 0 | 103 |
| FY2020 | 1 | — | — | 0 | 5 |
| FY2019 | 2 | — | — | 0 | 4 |
| FY2018 | 2 | — | — | 0 | 8 |
| FY2017 | 0 | — | — | 0 | 0 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Perspire Sauna Studio". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Perspire Sauna Studio | All SBA loans |
|---|---|---|
| Approvals in these years | 15 | 725,496 |
| Cancelled or never disbursed | 1 | 91,827 |
| Disbursed loans | 14 | 633,669 |
| Paid in full | 9 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 5 | 124,569 |
| Charged off, share of disbursed loans | too few loans | 6.0% |
| Dollars charged off, share of disbursed dollars | too few loans | 2.2% |
| Dollars charged off | — | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 36 | $11.4M | 58.1% | |
| 2 | First Bank of the LakeOsage Beach, MO | 8 | $3.4M | 12.9% | |
| 3 | Lincoln Savings BankReinbeck, IA | 4 | $1.9M | 6.5% | |
| 4 | Alerus Financial, National AssociationGrand Forks, ND | 2 | — | 3.2% | |
| 5 | Old National BankEvansville, IN | 2 | — | 3.2% | |
| 6 | Idaho First BankMcCall, ID | 2 | — | 3.2% | |
| 7 | Milestone BankSalt Lake City, UT | 1 | — | 1.6% | |
| 8 | First Merchants BankIndianapolis, IN | 1 | — | 1.6% | |
| 9 | HomeTrust BankAsheville, NC | 1 | — | 1.6% | |
| 10 | First Business BankMadison, WI | 1 | — | 1.6% | |
| 11 | Zions Bank, A Division ofSalt Lake City, UT | 1 | — | 1.6% | |
| 12 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 1.6% | |
| 13 | Ameris BankAtlanta, GA | 1 | — | 1.6% | |
| 14 | Wells Fargo Bank National AssociationSioux Falls, SD | 1 | — | 1.6% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | California | 10 | 16.1% | |
| 2 | New Jersey | 6 | 9.7% | |
| 3 | Colorado | 6 | 9.7% | |
| 4 | Florida | 4 | 6.5% | |
| 5 | Texas | 4 | 6.5% | |
| 6 | Kansas | 4 | 6.5% | |
| 7 | New York | 3 | 4.8% | |
| 8 | Iowa | 3 | 4.8% | |
| 9 | Minnesota | 3 | 4.8% | |
| 10 | North Carolina | 3 | 4.8% | |
| 11 | Idaho | 3 | 4.8% | |
| 12 | Nevada | 2 | 3.2% | |
| 13 | Virginia | 2 | 3.2% | |
| 14 | Arizona | 2 | 3.2% | |
| 15 | Wisconsin | 2 | 3.2% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Personal Care ServicesNAICS 8121 | 53 | 85.5% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 9.7% | |
| 3 | Other Personal ServicesNAICS 8129 | 3 | 4.8% |
Approval sizes
- $50,000 or less35.5%22
- $50,001 to $150,0001.6%1
- $150,001 to $350,0006.5%4
- $350,001 to $1 million56.5%35
Age of the businesses
- Existing, more than 2 years old1.6%1
- New business, 2 years or less9.7%6
- Startup, loan funds will open the business88.7%55
Questions and answers
How many SBA loans go to Perspire Sauna Studio franchises?
79 approvals since FY2018, worth $29.2M; 62 in FY2021 to FY2025.
Which lenders make SBA loans for Perspire Sauna Studio franchises?
By approvals in FY2021 to FY2025: The Huntington National Bank (36), First Bank of the Lake (8), Lincoln Savings Bank (4), Alerus Financial, National Association (2), Old National Bank (2).
How large is a typical SBA loan for a Perspire Sauna Studio franchise?
The average approval in FY2021 to FY2025 was $354K.
What share of Perspire Sauna Studio SBA loans are charged off?
There are fewer than 30 disbursed loans from the matured approval years, too few for a rate.
Are SBA loans to Perspire Sauna Studio franchises rising?
Approvals in the three latest complete fiscal years total 48, against 15 in the three before: rising (+220%).
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