Iron 24, by the numbers
Every figure below comes from real financed deals — what buyers paid, where, and how the loans performed.
SBA Franchise Directory: listed ✓ (identifier S7378)
8 deals since 2020 · typical deal $249K
8
Deals since 2020
$249K
Typical deal
1
Deals since FY2025
—
Too few deals to score risk
What buyers pay for Iron 24
Most Iron 24 deals financed between $30K and $500K. Above $500K, you're paying more than 75% of buyers did — make the seller earn it.
- Monthly payment (10-yr)
- $3,681
- Down payment (10%)
- $28K
- Cash to close (all-in)
- $37K
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 ~$37K)
Experience
Recent financings
- Kinetic Condition LLC in Clarksville, TN — $481K (2025) · Citizens Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.75% variable
- Term
- 125 months
- SBA guaranteed
- $361K (75%)
- Approval → funding
- 9 days
- Approved
- 10/22/2024
- First disbursed
- 10/31/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 4
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by Citizens Bank · Lender record →
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- FOUR13 LLC in Randolph, NJ — $558K (2024) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 11% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $419K (75%)
- Approval → funding
- 5 days
- Approved
- 4/19/2024
- First disbursed
- 4/24/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- 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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- EURIGA COLLECTIVE LLC in Lake Orion, MI — $500K (2024) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 11.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $375K (75%)
- Approval → funding
- 6 days
- Approved
- 7/26/2024
- First disbursed
- 8/1/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- FOUR13 LLC in Randolph, NJ — $50K (2024) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 11% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $25K (50%)
- Approved
- 4/19/2024
- Loan status
- Committed
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- EURIGA COLLECTIVE LLC in Lake Orion, MI — $30K (2024) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 11.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $15K (50%)
- Approved
- 7/26/2024
- Loan status
- Committed
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- New Horizon Fitness LLC in Greencastle, IN — $25K (2024) · Midland States Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 13.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $13K (50%)
- Approval → funding
- 17 days
- Approved
- 5/7/2024
- First disbursed
- 5/24/2024
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by Midland States Bank · Lender record →
Your business? Claim this record · Request removal
- Burnsco LLC in Magnolia, TX — $249K (2023) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $187K (75%)
- Approval → funding
- 21 days
- Approved
- 5/17/2023
- First disbursed
- 6/7/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 4
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- Burnsco LLC in Magnolia, TX — $30K (2023) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $15K (50%)
- Approval → funding
- 21 days
- Approved
- 5/17/2023
- First disbursed
- 6/7/2023
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
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Who funds Iron 24 — and where
Every dot is a financed Iron 24 — 8 mapped.
Financed Iron 24 locations — list all 8 as text
- New Horizon Fitness LLC — Greencastle · $25K · FY2024 · Fitness and Recreational Sports Centers
- EURIGA COLLECTIVE LLC — Lake Orion · $30K · FY2024 · Fitness and Recreational Sports Centers
- EURIGA COLLECTIVE LLC — Lake Orion · $500K · FY2024 · Fitness and Recreational Sports Centers
- FOUR13 LLC — Randolph · $558K · FY2024 · Fitness and Recreational Sports Centers
- FOUR13 LLC — Randolph · $50K · FY2024 · Fitness and Recreational Sports Centers
- Kinetic Condition LLC — Clarksville · $481K · FY2025 · Fitness and Recreational Sports Centers
- Burnsco LLC — Magnolia · $30K · FY2023 · Fitness and Recreational Sports Centers
- Burnsco LLC — Magnolia · $249K · FY2023 · Fitness and Recreational Sports Centers
Top lenders for this brand
Most active states
- 1.Michigan (2 loans)
- 2.New Jersey (2 loans)
- 3.Texas (2 loans)
- 4.Indiana (1 loans)
- 5.Tennessee (1 loans)
Represent Iron 24?
Claim this brand page free to keep the numbers in context, add your story, and hear about qualified buyers early.
Common questions
How much does a Iron 24 cost to buy or open?
The typical deal for Iron 24 is $249K across 8 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $27K of buyer cash on a typical deal.
How risky is Iron 24?
Iron 24 has 8 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 Iron 24 with an SBA loan?
Yes — Iron 24 has been SBA-financed 1 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.
Buying a Iron 24 franchise
Most Iron 24 buyers finance the purchase or build-out with an SBA 7(a) loan — up to 90% of the cost with roughly 10% down. The typical Iron 24 deal financed for $249K, which points to about $27K of buyer cash on a typical purchase. Iron 24 is listed in the SBA Franchise Directory (identifier S7378), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund Iron 24 — a bank that knows the brand approves faster — or pre-qualify for financing to see your likely loan size first.
AI summary
This profile summarizes public SBA financing activity for Iron 24 — lender activity, typical loan sizes, financing history, and risk and failure signals where available — via CapBench SBA Intelligence. CapBench is not a lender.
Source: CapBench SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. CapBench is not a lender and does not guarantee financing.
Agent summary
This page summarizes public SBA 7(a) financing for Iron 24 — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. Iron 24 is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.
- 8 SBA 7(a) deals since 2020
- $249K typical deal
- 1 deals since FY2025
- Too few deals to score a reliable failure rate
- SBA Franchise Directory: listed (identifier S7378)
- Top lenders: The Huntington National Bank, Midland States Bank, Citizens Bank
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical SBA loan records, not a current offer or franchise availability. Confirm SBA Franchise Directory listing with your lender before an LOI.
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Represent Iron 24?
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CapBench analysis of public lending records, FY2020–present. Charge-off rate measured on the FY2020–23 cohort. Not affiliated with Iron 24.