NEW YORK · NAICS 713940
New York fitness center projects, including boutique studios and franchised concepts, rank among the state's top SBA categories. Studies translate membership pricing, ancillary revenue, trade-area saturation, and franchise standards into defensible projections, and resolve real estate cost against the downstate or upstate rent structure.
FEASIBILITY TRIGGER
Membership-model projections, franchise terms, and trade-area saturation drive study requirements.
SBA 7(a) and 504 lenders funded 747 fitness center projects across New York between FY2010 and FY2026, moving $282.7 million in approved capital at an average ticket of $378,000. That volume places New York at #4 of 38 states measured for fitness center SBA activity, or 4.7% of national fitness center dollars. The 7(a) program carried 96.4% of the loan count, with 504 taking the balance, and 156 approvals have hit the pipeline since FY2024.
| Disbursed loans (FY2010–FY2026) | 747 |
| Approved volume | $282.7 million |
| Average loan size | $378,000 |
| 7(a) share | 96.4% |
| Approvals since FY2024 | 156 |
| State rank by loan count | #4 of 38 |
Among the 516 seasoned loans in this segment (approvals FY2010–FY2021), 12.4% 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 above the national benchmark for this asset class, which is a factor lenders weigh in their credit decision.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 12.4% adverse-resolution rate against the national fitness center benchmark of 10.9% tells credit committees to scrutinize revenue projections and coverage assumptions closely on New York deals in this class. A rigorous third-party feasibility study — built on documented demand, defensible pricing, and stressed coverage — carries meaningful weight in that underwriting conversation, particularly at an average loan size of $378,000 across 747 loans.
Every New York 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.
New York projects often fit SBA 504 where owner-occupied real estate anchors the deal, with the 50/40/10 structure delivering up to 90 percent financing at a fixed debenture rate, while SBA 7(a) covers acquisitions, working capital, and equipment. From July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Fitness and recreational sports centers rank among New York's top five SBA categories with 117 loans averaging $454,007 over the trailing year.
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: New Mexico, North Carolina, Texas.
Public SBA and CDC program records, cited as program evidence
$4M SBA 504 building purchase through TMC Financing with 10 percent down
Franchise building purchase, 2020, national program evidence
Watsonville, Santa Cruz County, California
Fifteen-minute scoping call, written proposal inside one business day, firm fixed fee before you sign.
Book a MeetingOur SBA feasibility study consultants prepare gym, boutique fitness and recreation studies for lenders, CDCs and sponsors. See pricing, methodology or request a fixed fee quote.
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