Franchise Failure Rates

SBA 7(a) loan outcomes · FY2010–FY2019 cohort · Statuses as of June 30, 2026 · Last updated August 17, 2026

F45 Training Franchise Failure Rate: 19.4% SBA Loan Defaults (2010–2019 Federal Data)

19.4%
charge-off rate on 72 SBA 7(a) loans to F45 Training franchisees, FY2010–2019
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019 — F45 Training against its industry and all franchises
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: F45 Training 19.4%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%F45 Training 19.4%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%0%5%10%15%20%F45 Training19.4%Fitness and RecreationalSports Centers11.4%All franchises10.2%
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: F45 Training 19.4%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%F45 Training 19.4%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%0%5%10%15%20%F45 Training19.4%Fitness and Recreational Sports Centers11.4%All franchises10.2%

Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026. Figures also in the comparison table below.

About 1 in 5 F45 Training SBA borrowers failed to repay — well above the Fitness and Recreational Sports Centers average of 11.4%.

Between 2010 and 2019, 72 F45 Training franchisees financed with SBA 7(a) loans. 14 defaulted — a 19.4% charge-off rate, 1.7x the Fitness and Recreational Sports Centers average of 11.4%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.

What is the F45 Training franchise failure rate on SBA loans?

F45 Training is a Fitness and Recreational Sports Centers franchise. This page reports the outcome of every SBA 7(a) loan the U.S. Small Business Administration's public FOIA file attributes to F45 Training franchisees: 72 loans approved between fiscal 2010 and 2019, of which 14 were charged off. Loan statuses are as of June 30, 2026, and the cohort has matured, so these are settled outcomes rather than projections.

How does F45 Training compare with other Fitness and Recreational Sports Centers franchises?

The table sets F45 Training's charge-off rate beside its Fitness and Recreational Sports Centers peers and the two economy-wide benchmarks. All figures use the same cohort — SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026 — and the same denominator of resolved loans, so they are directly comparable.

F45 Training versus benchmarks, SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026. Source: U.S. SBA FOIA dataset.
MeasureF45 TrainingFitness and Recreational Sports CentersAll franchisesAll SBA borrowers
Default (charge-off) rate19.4%11.4%10.2%8.0%
Loans in sample72———
Defaults14———
Average loan size$216,407———

What has F45 Training SBA lending looked like since 2020?

Since 2020, F45 Training franchisees have taken 149 new SBA 7(a) loans. 5 have already charged off. Early defaults on loans under six years old are notable — most SBA failures take longer to develop.

Charge-off rate by approval year — share of each fiscal year's F45 Training SBA 7(a) loans that later defaulted (FY2010–FY2019); years with fewer than 10 loans are outlined, not filled
Charge-off rate by approval year: FY2017 0% of 5 loans; FY2018 17% of 23 loans; FY2019 23% of 44 loansCharge-off rate by approval year: FY2017 0% of 5 loans; FY2018 17% of 23 loans; FY2019 23% of 44 loans0%12%25%0%2017n=517%2018n=2323%2019n=44
Charge-off rate by approval year: FY2017 0% of 5 loans; FY2018 17% of 23 loans; FY2019 23% of 44 loansCharge-off rate by approval year: FY2017 0% of 5 loans; FY2018 17% of 23 loans; FY2019 23% of 44 loans0%12%25%0%’17n=517%’18n=2323%’19n=44

Loans approved since 2020, by fiscal year — counts only: 5 have charged off to date and most are still outstanding, so no rate is drawn.

Loans approved since 2020: FY2020 53; FY2021 27; FY2022 15; FY2023 20; FY2024 14; FY2025 13; FY2026 7Loans approved since 2020: FY2020 53; FY2021 27; FY2022 15; FY2023 20; FY2024 14; FY2025 13; FY2026 753202027202115202220202314202413202572026
Loans approved since 2020: FY2020 53; FY2021 27; FY2022 15; FY2023 20; FY2024 14; FY2025 13; FY2026 7Loans approved since 2020: FY2020 53; FY2021 27; FY2022 15; FY2023 20; FY2024 14; FY2025 13; FY2026 753’2027’2115’2220’2314’2413’257’26

Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.

Show the numbers behind this chart
Fiscal yearLoansCharged offRate
FY2017500.0%
FY201823417.4%
FY2019441022.7%
FY202053—outstanding
FY202127—outstanding
FY202215—outstanding
FY202320—outstanding
FY202414—outstanding
FY202513—outstanding
FY20267—outstanding

How to read this

A charge-off means a franchisee borrowed, operated, and failed severely enough that the SBA wrote off the government-guaranteed loan. Unlike franchisor marketing or Item 19 disclosures, this is an observed outcome recorded by a federal agency. One caveat cuts the other way: SBA borrowers are typically less capitalized than all-cash buyers, so these rates can overstate risk for well-funded operators.

How reliable is this number?

F45 Training's figure rests on 72 resolved SBA 7(a) loans approved between fiscal 2010 and 2019 — a matured cohort, so the rate is a settled outcome, not a projection. With 72 resolved loans, one default moves the rate by about 1.4 percentage points. Loans approved since 2020 are excluded from the rate because most are still outstanding; they appear on this page as counts only. Every F45 Training figure is recomputed from the public SBA FOIA file on each rebuild.

Based on 72 resolved loans — directional, not precise.

Frequently asked

What is F45 Training's franchise failure rate on SBA loans?
Between 2010 and 2019, 72 F45 Training franchisees financed with SBA 7(a) loans. 14 defaulted — a 19.4% charge-off rate, 1.7x the Fitness and Recreational Sports Centers average of 11.4%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.
Is F45 Training a safe franchise investment?
Between 2010–2019, F45 Training franchisees defaulted on SBA loans at 19.4% versus a 11.4% industry average. This data is one input for due diligence; it is not investment advice.

Cite this page

Franchise Default Rates (2026). F45 Training franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 19.4% (14 of 72 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.

https://franchisefailurerates.com/franchise/f45-training/ · Data & methodology · Download the dataset (CSV)