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My Gym, by the numbers

Every figure below comes from real financed deals — what buyers paid, where, and how the loans performed.

9

Deals since 2020

$209K

Typical deal

5

Deals since FY2025

—

Too few deals to score risk

My Gym has 9 SBA deals on record — real financing history, but too few to score a failure rate you should trust. Underwrite the location and the FDD.

What buyers pay for My Gym

Most My Gym deals financed between $200K and $230K. Above $230K, you're paying more than 75% of buyers did — make the seller earn it.

Your deal size$209K

Monthly payment (10-yr): $3,093
Down payment (10%): $23K
Cash to close (all-in): $31K

Estimates at today's rates and standard 7(a) terms. Not a loan offer.

Could you get the loan?

Three answers. No documents, no credit pull.

Credit score

Available cash (you'll need ~$31K)

Experience

Recent financings

Starlight Family Ventures LLC in Tampa, FL — $351K (2026) · DFCU Financial
Program
Preferred Lenders Program
Rate at approval
9.25% variable
Term

120 mo (10 yrs)

SBA guaranteed

$263K (75%)

Approved

3/6/2026

Loan status

Committed

Loan type

Term loan

Collateral

Required

Business type

Corporation

Jobs supported

3

Business age

Startup, Loan Funds will Open Business

Industry

Fitness and Recreational Sports Centers

Funded by DFCU Financial · Lender record →

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Plumeria Fitness LLC in Lakeville, MN — $249K (2026) · The Huntington National Bank

Program: Preferred Lenders Program
Rate at approval: 9.75% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $187K (75%)
Approved: 1/29/2026
Loan status: Committed
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 6
Business age: Startup, Loan Funds will Open Business
Industry: Sports and Recreation Instruction

Funded by The Huntington National Bank · Lender record →

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Plumeria Fitness LLC in Lakeville, MN — $25K (2026) · The Huntington National Bank

Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Rate at approval: 10.05% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $13K (50%)
Approved: 1/29/2026
Loan status: Committed
Loan type: Revolving line
Collateral: Required
Business type: Corporation
Jobs supported: 6
Business age: Startup, Loan Funds will Open Business
Industry: Fitness and Recreational Sports Centers

Funded by The Huntington National Bank · Lender record →

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Lindsay Giannone LLC in Manalapan, NJ — $230K (2025) · purchase · ConnectOne Bank

Program: Preferred Lenders Program
Rate at approval: 9.75% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $173K (75%)
Approval → funding: 26 days
Approved: 4/10/2025
First disbursed: 5/6/2025
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market: Loan sold to investors
Jobs supported: 6
Business age: Change of Ownership
Industry: Fitness and Recreational Sports Centers

If you were the buyer here

Est. deal size: $256K
Est. down payment (10%): $26K
Est. cash at closing: $34K
Monthly payment: $3,008
Annual debt service: $36K
Cash flow needed (1.25×): $45K

Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.

Funded by ConnectOne Bank · Lender record →

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My Gym Sarasota in Sarasota, FL — $183K (2025) · First Bank of the Lake

Program: Preferred Lenders Program
Rate at approval: 10.75% variable
Term: 123 months
SBA guaranteed: $137K (75%)
Approval → funding: 32 days
Approved: 10/11/2024
First disbursed: 11/12/2024
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 8
Business age: Startup, Loan Funds will Open Business
Industry: Fitness and Recreational Sports Centers

Funded by First Bank of the Lake · Lender record →

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The Bretz Family LLC in Allen, TX — $209K (2024) · Wells Fargo Bank National Association

Program: Preferred Lenders Program
Rate at approval: 10.5% fixed
Term: 120 mo (10 yrs)
SBA guaranteed: $157K (75%)
Approval → funding: 33 days
Approved: 10/13/2023
First disbursed: 11/15/2023
Loan status: In liquidation
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 16
Business age: Startup, Loan Funds will Open Business
Industry: Fitness and Recreational Sports Centers

Funded by Wells Fargo Bank National Association · Lender record →

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ML Gym INC in Boynton Beach, FL — $200K (2023) · Paradise Bank

Program: Preferred Lenders Program
Rate at approval: 2.75% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $150K (75%)
Approved: 11/16/2022
Loan status: Cancelled
Loan type: Term loan
Collateral: Required
Business type: Corporation
Business age: New Business or 2 years or less
Industry: All Other Personal Services

Funded by Paradise Bank · Lender record →

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CARTER4FUN LLC in Westfield, IN — $204K (2022) · Purdue Federal Credit Union

Program: 7a General
Rate at approval: 6% variable
Term: 126 months
SBA guaranteed: $153K (75%)
Approval → funding: 195 days
Approved: 11/17/2021
First disbursed: 5/31/2022
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 7
Business age: Existing or more than 2 years old
Industry: Civic and Social Organizations

Funded by Purdue Federal Credit Union · Lender record →

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DC COTTEN FAMILY, LLC in Mckinney, TX — $215K (2020) · Bank OZK

Program: Preferred Lenders Program
Rate at approval: 6.5% variable
Term: 129 months
SBA guaranteed: $161K (75%)
Approved: 2/12/2020
Loan status: Cancelled
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 6
Business age: Startup, Loan Funds will Open Business
Industry: Sports and Recreation Instruction

Funded by Bank OZK · Lender record →

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Who funds My Gym — and where

Every dot is a financed My Gym — 8 mapped.

Top lenders for this brand

Most active states

1.Florida (3 loans)
2.Minnesota (2 loans)
3.Texas (2 loans)
4.New Jersey (1 loans)
5.Indiana (1 loans)

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Insider move

Start with the lenders above — a bank that's funded My Gym 2 times already knows the unit economics and approves faster than one learning the brand on your file.

Who should reach out?

I authorize DealRoom to share my contact information with SBA lending partners and loan brokers (including partners who compensate DealRoom), who may contact me about financing. DealRoom is not a lender and makes no credit decision. We'll introduce you to your pick or a comparable My Gym lending specialist.

Common questions

How much does a My Gym cost to buy or open?

The typical deal for My Gym is $209K across 9 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $23K of buyer cash on a typical deal.

How risky is My Gym?

My Gym has 9 SBA loans on record since 2020 — too few to score a reliable failure rate. Judge the unit economics and the franchisor's disclosure document, not a small sample.

Can I finance a My Gym with an SBA loan?

Yes — My Gym has been SBA-financed 5 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

AI summary

This profile summarizes public SBA financing activity for My Gym — lender activity, typical loan sizes, financing history, and risk and failure signals where available — via DealRoom.so SBA Intelligence. DealRoom is not a lender.

Source: DealRoom.so SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. DealRoom is not a lender and does not guarantee financing.

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I authorize DealRoom to share my contact information with SBA lending partners and loan brokers (including partners who compensate DealRoom), who may contact me about financing. DealRoom is not a lender and makes no credit decision.

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DealRoom analysis of public lending records, FY2020–present. Charge-off rate measured on the FY2020–23 cohort. Not affiliated with My Gym.