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FRANCHISE BRAND· Fitness and Recreational Sports Centers

SBA loans for Iron 24

8 SBA loans have financed Iron 24 locations since 2023, written by 3 different lenders across 5 states. Half were approved for $150K or less, the mix is almost entirely 7(a), and 100% went to owners whose business was under two years old.

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SBA loans
8
8 in last 5 yrs
Median approval
$150K
90th pct $517K
Total approved
$1.9M
all years
To new owners
100%
8 loans
Lenders
3
5 states

The lenders that fund Iron 24

A lender that has already underwritten this brand knows the unit economics, the build-out costs, and the franchisor. That is worth more to you than a bigger bank starting from scratch.

1
Columbus, OH
Iron 24 loans
6
In last 5 yrs
6
Typical loan
$236K
To new owners
100%
Last approval
Jul 2024
2
Elizabethton, TN
Iron 24 loans
1
In last 5 yrs
1
Typical loan
$481K
To new owners
100%
Last approval
Oct 2024
3
Effingham, IL
Iron 24 loans
1
In last 5 yrs
1
Typical loan
$25K
To new owners
100%
Last approval
May 2024