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Fitness & Recreation · lender intelligence

How to finance a Spenga

The SBA 7(a) lenders funding the most Spenga deals, ranked from public loan records — typical Spenga loan about $667K, 13.89% failure rate across 38 loans. A bank that has funded the brand knows the model — faster approvals, better terms.

Deal economics— what it takes to buy & finance Spenga

$667K

Typical loan

range $552K–$815K

$741K

Est. purchase price

≈ loan ÷ 90%

$99,124

Cash to close

$74,111 down + fees

$8,631/mo

Typical payment

~9.5% · 10yr

$119,108/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

86.1%

Still performing

13.9% default · FY20–23

51 days

Typical time to fund

18

Lenders competing

more = leverage

6.8%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active with Spenga

Ranked by funded Spenga loans. Tap a lender to open its full record, or hit Get in touch for an introduction.

  1. 1.105 loans · $164M · Brookline, MAFull record →
  2. 2.104 loans · $100M · Portsmouth, VAFull record →
  3. 3.868 loans · $362M · Salt Lake City, UTFull record →
  4. 4.5 loans · $4M · Houston, TXFull record →
  5. 5.2 loans · $0M · Pine Bluff, ARFull record →
  6. 6.1,927 loans · $207M · Buffalo, NYFull record →
  7. 7.129 loans · $234M · New York, NYFull record →
  8. 8.66 loans · $68M · Milford, IAFull record →
  9. 9.1 loans · $0M · St. Louis, MOFull record →
  10. 10.25 loans · $5M · Whiting, INFull record →
  11. 11.9 loans · $13M · Atlanta, GAFull record →
  12. 12.6 loans · $4M · Defiance, OHFull record →
  13. 13.28 loans · $35M · West Memphis, ARFull record →
  14. 14.7 loans · $9M · Omaha, NEFull record →
  15. 15.7 loans · $9M · Memphis, TNFull record →
  16. 16.60 loans · $40M · Clayton, MOFull record →
  17. 17.12 loans · $5M · Fargo, NDFull record →

38+ funded Spenga deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

  • SPENGA in Greenville, SC — $108K (2026) · First Bank
  • FIT FOCUS LLC in Valparaiso, IN — $350K (2025) · purchase · Centier Bank
  • Cloutery LLC in Paramus, NJ — $1.1M (2023) · Beacon Bank and Trust
  • Dasau Fitness Inc. in Naples, FL — $903K (2023) · Beacon Bank and Trust
  • 3VEDI LLC in Montvale, NJ — $732K (2023) · Beacon Bank and Trust
  • BMMJ Corp in Wayne, PA — $1.0M (2022) · TowneBank
  • DJT Enterprises, LLC in Valparaiso, IN — $987K (2022) · Evolve Bank and Trust
  • ACSP, LLC in Plano, TX — $843K (2022) · Security National Bank of Omaha
  • Roman Empire Fitness Inc in Wall Township, NJ — $815K (2022) · TowneBank
  • Best Life Fitness Partners, LLC in Columbus, OH — $665K (2022) · The State Bank and Trust Company
  • OH Corn LLC in Raleigh, NC — $25K (2022) · TowneBank
  • Riding Sunset LLC in Littleton, CO — $915K (2021) · TowneBank
  • SPENGA Woodland Hills LLC in Woodland Hills, CA — $784K (2021) · TowneBank
  • Youngblood Investment Group LLC in Mount Pleasant, SC — $740K (2021) · United Community Bank
  • OH Corn LLC in Raleigh, NC — $721K (2021) · TowneBank
  • BetterEveryday LLC in Woodbury, MN — $656K (2021) · Choice Financial Group
  • Spenga of Loveland LLC in Loveland, CO — $634K (2021) · Port 51 Lending LLC
  • C&S Magee Inc. in Wheat Ridge, CO — $630K (2021) · Beacon Bank and Trust
  • Sarkars Fitness Woodbridge LLC in Cherry Hill, NJ — $625K (2021) · Beacon Bank and Trust
  • Drot's Pass 1, LLC in Danville, CA — $460K (2021) · Wells Fargo Bank National Association

Buying a Spenga? Start with a lender that has funded the brand

We'll point you to the SBA lenders already financing this brand — and help you make them compete on rate and speed.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

CapBench analysis of public SBA 7(a) lending records; ranked by funded loans to Spenga businesses. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Spenga purchase with an SBA 7(a) loan: the lenders that fund the brand most (from public records), the typical loan size, and what it takes to qualify. Beacon Bank and Trust funds the most. CapBench is not a lender.

  • $667K typical Spenga loan
  • 13.89% failure rate (FY20–23)
  • 18 lenders fund the brand
  • 51 days typical to fund

Buyers researching a Spenga typically pre-qualify for SBA 7(a) financing next, then ask CapBench to introduce a lender that already funds the brand — free for buyers; agents can submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this dealTalk to a loan brokerSpenga record
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.
Canonical:
https://www.capbench.com/lenders/franchise/spenga
API:
https://www.capbench.com/api/public/lenders?franchise=spenga
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.
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