What to know about HOTWORX franchise SBA loans
HOTWORX franchises project state SBA 7(a) loan approvals in 2020.
HOTWORX Franchise SBA Lending Highlights
2020 Year End
25 lenders approved 34 SBA 7(a) loans for $11,498,300. The average loan approval amount in 2020 was $338,185. SBA loans were approved to borrowers from 31 cities for projects in 16 states.
Historical
44 lenders approved 87 SBA 7(a) loans for $25,597,800. SBA loans were approved for borrowers from 73 cities, for projects in 21 states, with an average loan approval amount of $294,228.
SBA Rankings
#18 ranking in 2020 for all franchises in SBA loan approvals. For 2020 franchise loans in the Fitness and Recreational Sports Centers industry HOTWORX ranks #4 for loan approvals and #4 for approval amounts.
Charge-offs (Defaults)
N/A of loans were charged-off by SBA lenders for the 10-Year Period Ending 2019.
N/A of loans were charged-off by SBA lenders for the 10-Year Period Ending 2018.
Default rates are not applicable since first SBA loan was in 2017.
The difference between a charge-off and a default, and the SBA loan default paradox
Read our free SBA Franchise Report for HOTWORX for a full report, but below are a few highlights:
Historical SBA 7(a) Lending
HOTWORX Franchises
2020 Top 25 Franchise Brands
Fitness and Recreational Sports Centers SBA 7(a) Loans
#4 Loan Approvals
#4 Approval Amounts
2020 Top 25 SBA Lenders
HOTWORX Franchise Loans
Loan Approvals
Approved Amounts
SBA 7(a) Lending Forecast
There is insufficient data to provide a projection for HOTWORX. For the Fitness and Recreational Sports Centers industry we project $319 million in SBA 7(a) approvals in 2021.
SBA Forecast:
HOTWORX
SBA Forecast:
Fitness and Recreational Sports Centers
See our full (and free) SBA report on HOTWORX
This report has about everything a small business owner would want to know about SBA 7(a) loans to HOTWORX franchise businesses. See the top rankings, lenders, loan amounts, default data, forecasts, the top project states and borrower cities, and more.
