COLORADO · NAICS 713940
Colorado fitness center projects span franchised concepts, boutique studios, climbing gyms, and instruction facilities across the Front Range and mountain corridors. Studies translate membership pricing, penetration, attrition, and trade-area saturation into projections, and reconcile build-out costs and franchise terms against coverage under stress.
FEASIBILITY TRIGGER
Membership-model projections, franchise terms, and trade-area saturation drive study requirements.
From FY2010 through FY2026, Colorado recorded 393 SBA-disbursed fitness center loans across the 7(a) and 504 programs, representing $211.2 million in approved financing at an average loan size of $537,000. The state sits at rank #12 of 38 for fitness center SBA lending volume and holds 3.5% of the national fitness center dollar pool. 7(a) accounts for 91.9% of the count, 504 for the rest, with 78 fresh approvals dated FY2024 or later.
| Disbursed loans (FY2010–FY2026) | 393 |
| Approved volume | $211.2 million |
| Average loan size | $537,000 |
| 7(a) share | 91.9% |
| Approvals since FY2024 | 78 |
| State rank by loan count | #12 of 38 |
Among the 277 seasoned loans in this segment (approvals FY2010–FY2021), 7.9% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for fitness center is 10.9%, against 7.3% across all industries. That performance runs below the national benchmark for this asset class, a credit-positive signal for lenders.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 7.9% adverse-resolution rate below the national fitness center benchmark of 10.9% supports the credit story for well-underwritten Colorado projects in this class. Across 393 SBA loans averaging $537,000, that track record does not eliminate the need for a third-party feasibility study, but it means a rigorous study reinforces rather than defends the projections.
Every Colorado fitness centers project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
The national SBA gym feasibility study explains joins, attrition, opening-delay funding and eligibility. Its lending ledger benchmarks a Colorado fitness file against 14,056 disbursed SBA fitness loans.
Colorado projects most often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate, decisive in a state where Front Range land costs run high. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Fitness and recreation centers drew 59 calendar 2025 Colorado loans for $17.5 million in the country's perennially fittest state, and B:Side's book reaches the niche through the Silver Bear Swim School financing with Central Bank.
For a national view of this asset class, see our fitness center SBA feasibility overview, and read our related analysis in the fitness center lending research on our blog.
Compare neighboring markets: California, Connecticut, Texas.
Public SBA and CDC program records, cited as program evidence
SBA 504 through B:Side Capital with Central Bank
Swim instruction facility, national program evidence
Colorado
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