What to know about Spenga franchise SBA loans
Spenga franchises project state SBA 7(a) loan approvals in 2020.
Spenga Franchise SBA Lending Highlights
2020 Year End
8 lenders approved 14 SBA 7(a) loans for $9,303,200. The average loan approval amount in 2020 was $664,514. SBA loans were approved to borrowers from 13 cities for projects in 8 states.
Historical
15 lenders approved 46 SBA 7(a) loans for $23,566,200. SBA loans were approved for borrowers from 37 cities, for projects in 17 states, with an average loan approval amount of $512,309.
SBA Rankings
For 2020 franchise loans in the Fitness and Recreational Sports Centers industry Spenga ranks #7 for loan approvals and #5 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 Spenga for a full report, but below are a few highlights:
Historical SBA 7(a) Lending
Spenga Franchises
2020 Top 25 Franchise Brands
Fitness and Recreational Sports Centers SBA 7(a) Loans
#7 Loan Approvals
#5 Approval Amounts
2020 Top 25 SBA Lenders
Spenga Franchise Loans
Loan Approvals
Approved Amounts
SBA 7(a) Lending Forecast
There is insufficient data to provide a projection for Spenga. For the Fitness and Recreational Sports Centers industry we project $319 million in SBA 7(a) approvals in 2021.
SBA Forecast:
Spenga
SBA Forecast:
Fitness and Recreational Sports Centers
See our full (and free) SBA report on Spenga
This report has about everything a small business owner would want to know about SBA 7(a) loans to Spenga franchise businesses. See the top rankings, lenders, loan amounts, default data, forecasts, the top project states and borrower cities, and more.
