Franchise Failure Rates

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

Fitness Together Franchise Failure Rate: 15.1% SBA Loan Defaults (2010–2019 Federal Data)

15.1%
charge-off rate on 53 SBA 7(a) loans to Fitness Together franchisees, FY2010–2019
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019 — Fitness Together against its industry and all franchises
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Fitness Together 15.1%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%Fitness Together 15.1%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%0%5%10%15%Fitness Together15.1%Fitness and RecreationalSports Centers11.4%All franchises10.2%
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Fitness Together 15.1%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%Fitness Together 15.1%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%0%5%10%15%Fitness Together15.1%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 7 Fitness Together SBA borrowers failed to repay — above the Fitness and Recreational Sports Centers average of 11.4%.

Between 2010 and 2019, 53 Fitness Together franchisees financed with SBA 7(a) loans. 8 defaulted — a 15.1% charge-off rate, 1.3x 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 Fitness Together franchise failure rate on SBA loans?

Fitness Together 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 Fitness Together franchisees: 53 loans approved between fiscal 2010 and 2019, of which 8 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 Fitness Together compare with other Fitness and Recreational Sports Centers franchises?

The table sets Fitness Together'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.

Fitness Together versus benchmarks, SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026. Source: U.S. SBA FOIA dataset.
MeasureFitness TogetherFitness and Recreational Sports CentersAll franchisesAll SBA borrowers
Default (charge-off) rate15.1%11.4%10.2%8.0%
Loans in sample53———
Defaults8———
Average loan size$130,075———

What has Fitness Together SBA lending looked like since 2020?

Since 2020, Fitness Together franchisees have taken 7 new SBA 7(a) loans. None have charged off to date, though most remain outstanding and unresolved.

Charge-off rate by approval year — share of each fiscal year's Fitness Together 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: FY2010 14% of 7 loans; FY2011 0% of 1 loans; FY2012 0% of 8 loans; FY2013 0% of 1 loans; FY2014 11% of 9 loans; FY2015 11% of 9 loans; FY2016 0% of 2 loans; FY2017 50% of 6 loans; FY2018 0% of 2 loans; FY2019 25% of 8 loansCharge-off rate by approval year: FY2010 14% of 7 loans; FY2011 0% of 1 loans; FY2012 0% of 8 loans; FY2013 0% of 1 loans; FY2014 11% of 9 loans; FY2015 11% of 9 loans; FY2016 0% of 2 loans; FY2017 50% of 6 loans; FY2018 0% of 2 loans; FY2019 25% of 8 loans0%5%10%14%2010n=70%2011n=10%2012n=80%2013n=111%2014n=911%2015n=90%2016n=250%2017n=60%2018n=225%2019n=8
Charge-off rate by approval year: FY2010 14% of 7 loans; FY2011 0% of 1 loans; FY2012 0% of 8 loans; FY2013 0% of 1 loans; FY2014 11% of 9 loans; FY2015 11% of 9 loans; FY2016 0% of 2 loans; FY2017 50% of 6 loans; FY2018 0% of 2 loans; FY2019 25% of 8 loansCharge-off rate by approval year: FY2010 14% of 7 loans; FY2011 0% of 1 loans; FY2012 0% of 8 loans; FY2013 0% of 1 loans; FY2014 11% of 9 loans; FY2015 11% of 9 loans; FY2016 0% of 2 loans; FY2017 50% of 6 loans; FY2018 0% of 2 loans; FY2019 25% of 8 loans0%5%10%14%’10n=70%’11n=10%’12n=80%’13n=111%’14n=911%’15n=90%’16n=250%’17n=60%’18n=225%’19n=8

Loans approved since 2020, by fiscal year — counts only: 0 have charged off to date and most are still outstanding, so no rate is drawn.

Loans approved since 2020: FY2020 1; FY2021 1; FY2023 2; FY2024 2; FY2026 1Loans approved since 2020: FY2020 1; FY2021 1; FY2023 2; FY2024 2; FY2026 11202012021220232202412026
Loans approved since 2020: FY2020 1; FY2021 1; FY2023 2; FY2024 2; FY2026 1Loans approved since 2020: FY2020 1; FY2021 1; FY2023 2; FY2024 2; FY2026 11’201’212’232’241’26

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

Show the numbers behind this chart
Fiscal yearLoansCharged offRate
FY20107114.3%
FY2011100.0%
FY2012800.0%
FY2013100.0%
FY20149111.1%
FY20159111.1%
FY2016200.0%
FY20176350.0%
FY2018200.0%
FY20198225.0%
FY20201—outstanding
FY20211—outstanding
FY20232—outstanding
FY20242—outstanding
FY20261—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?

Fitness Together's figure rests on 53 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 53 resolved loans, one default moves the rate by about 1.9 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 Fitness Together figure is recomputed from the public SBA FOIA file on each rebuild.

Based on 53 resolved loans — directional, not precise.

Frequently asked

What is Fitness Together's franchise failure rate on SBA loans?
Between 2010 and 2019, 53 Fitness Together franchisees financed with SBA 7(a) loans. 8 defaulted — a 15.1% charge-off rate, 1.3x 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 Fitness Together a safe franchise investment?
Between 2010–2019, Fitness Together franchisees defaulted on SBA loans at 15.1% 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). Fitness Together franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 15.1% (8 of 53 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.

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