Franchise Failure Rates

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

Snap Fitness Franchise Failure Rate: 11.0% SBA Loan Defaults (2010–2019 Federal Data)

11.0%
charge-off rate on 145 SBA 7(a) loans to Snap Fitness franchisees, FY2010–2019
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019 — Snap Fitness against its industry and all franchises
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Snap Fitness 11.0%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%Snap Fitness 11.0%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%0%5%10%Snap Fitness11.0%Fitness and RecreationalSports Centers11.4%All franchises10.2%
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Snap Fitness 11.0%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%Snap Fitness 11.0%; Fitness and Recreational Sports Centers 11.4%; All franchises 10.2%0%5%10%Snap Fitness11.0%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 9 Snap Fitness SBA borrowers failed to repay — in line with the Fitness and Recreational Sports Centers average of 11.4%.

Between 2010 and 2019, 145 Snap Fitness franchisees financed with SBA 7(a) loans. 16 defaulted — a 11.0% charge-off rate, 1.0x 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 Snap Fitness franchise failure rate on SBA loans?

Snap Fitness 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 Snap Fitness franchisees: 145 loans approved between fiscal 2010 and 2019, of which 16 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 Snap Fitness compare with other Fitness and Recreational Sports Centers franchises?

The table sets Snap Fitness'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.

Snap Fitness versus benchmarks, SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026. Source: U.S. SBA FOIA dataset.
MeasureSnap FitnessFitness and Recreational Sports CentersAll franchisesAll SBA borrowers
Default (charge-off) rate11.0%11.4%10.2%8.0%
Loans in sample145———
Defaults16———
Average loan size$168,914———

What has Snap Fitness SBA lending looked like since 2020?

Since 2020, Snap Fitness franchisees have taken 40 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 Snap Fitness 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 0% of 12 loans; FY2011 17% of 18 loans; FY2012 8% of 12 loans; FY2013 8% of 12 loans; FY2014 16% of 19 loans; FY2015 13% of 23 loans; FY2016 15% of 20 loans; FY2017 8% of 12 loans; FY2018 0% of 13 loans; FY2019 25% of 4 loansCharge-off rate by approval year: FY2010 0% of 12 loans; FY2011 17% of 18 loans; FY2012 8% of 12 loans; FY2013 8% of 12 loans; FY2014 16% of 19 loans; FY2015 13% of 23 loans; FY2016 15% of 20 loans; FY2017 8% of 12 loans; FY2018 0% of 13 loans; FY2019 25% of 4 loans0%10%20%0%2010n=1217%2011n=188%2012n=128%2013n=1216%2014n=1913%2015n=2315%2016n=208%2017n=120%2018n=1325%2019n=4
Charge-off rate by approval year: FY2010 0% of 12 loans; FY2011 17% of 18 loans; FY2012 8% of 12 loans; FY2013 8% of 12 loans; FY2014 16% of 19 loans; FY2015 13% of 23 loans; FY2016 15% of 20 loans; FY2017 8% of 12 loans; FY2018 0% of 13 loans; FY2019 25% of 4 loansCharge-off rate by approval year: FY2010 0% of 12 loans; FY2011 17% of 18 loans; FY2012 8% of 12 loans; FY2013 8% of 12 loans; FY2014 16% of 19 loans; FY2015 13% of 23 loans; FY2016 15% of 20 loans; FY2017 8% of 12 loans; FY2018 0% of 13 loans; FY2019 25% of 4 loans0%10%20%0%’10n=1217%’11n=188%’12n=128%’13n=1216%’14n=1913%’15n=2315%’16n=208%’17n=120%’18n=1325%’19n=4

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 9; FY2021 7; FY2022 1; FY2023 3; FY2024 9; FY2025 7; FY2026 4Loans approved since 2020: FY2020 9; FY2021 7; FY2022 1; FY2023 3; FY2024 9; FY2025 7; FY2026 492020720211202232023920247202542026
Loans approved since 2020: FY2020 9; FY2021 7; FY2022 1; FY2023 3; FY2024 9; FY2025 7; FY2026 4Loans approved since 2020: FY2020 9; FY2021 7; FY2022 1; FY2023 3; FY2024 9; FY2025 7; FY2026 49’207’211’223’239’247’254’26

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

Show the numbers behind this chart
Fiscal yearLoansCharged offRate
FY20101200.0%
FY201118316.7%
FY20121218.3%
FY20131218.3%
FY201419315.8%
FY201523313.0%
FY201620315.0%
FY20171218.3%
FY20181300.0%
FY20194125.0%
FY20209—outstanding
FY20217—outstanding
FY20221—outstanding
FY20233—outstanding
FY20249—outstanding
FY20257—outstanding
FY20264—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?

Snap Fitness's figure rests on 145 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 145 resolved loans, the sample is large enough that a single default barely moves the figure. Loans approved since 2020 are excluded from the rate because most are still outstanding; they appear on this page as counts only. Every Snap Fitness figure is recomputed from the public SBA FOIA file on each rebuild.

Frequently asked

What is Snap Fitness's franchise failure rate on SBA loans?
Between 2010 and 2019, 145 Snap Fitness franchisees financed with SBA 7(a) loans. 16 defaulted — a 11.0% charge-off rate, 1.0x 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 Snap Fitness a safe franchise investment?
Between 2010–2019, Snap Fitness franchisees defaulted on SBA loans at 11.0% 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). Snap Fitness franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 11.0% (16 of 145 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.

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