SBA 7(a)/504 FOIA · FY1991–PRESENT · INDIANA
ANYTIME FITNESS franchise in Indiana: what the public record shows
Franchisees of ANYTIME FITNESS in Indiana have taken 70 SBA loans in the FY1991–present FOIA files (average $337,348). Those approved through FY2020 defaulted at a rate not clearly different from franchise loans made in the same years nationally: 3 charge-offs among 40 resolved loans, where about 4.5 would be expected (0.7×). ANYTIME FITNESS's national ratio is 1.0× (not clearly different from 1.0×).
Loans in IN
70
Charged off (all years)
3 of 44
Loss ratio in IN (not clear)
0.7×
Loss ratio nationally (not clear)
1.0×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IN. Loss ratio = charge-offs among loans approved through FY2020 ÷ the charge-offs expected if each had defaulted at the national rate for franchise loans approved the same year; 1.0× is the same. Only charged-off and paid-in-full loans count. A ratio is shown at 30+ such loans; “not clear” marks a ratio chance alone could produce. The all-years count mixes every era and is evidence, not a rate to compare. Borrowers are matched to the brand by name and SBA franchise code; some matches may be wrong or missing.
Businesses in this industry
689
statewide, all operators
Per 100k residents
10
national 11.9
Versus the country
-16%
thinner
Every business in ANYTIME FITNESS's industry operating in Indiana — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across the brand-state cells in the loan data, denser markets have historically charged off less often than the thinnest (see the research page). A crowded market is usually proven demand; an empty one is often empty for a reason.
Avg weekly wage, this industry
$387
Indiana, BLS QCEW 2025
National average
$438
same industry, all states
Versus the country
-12%
cheaper to staff
What ANYTIME FITNESS's industry actually pays workers in Indiana, from the Bureau of Labor Statistics' Quarterly Census of Employment and Wages (2025), employment-weighted across counties. This cost signal is independent of the FDD: a market can look demand-rich above and still carry a margin headwind here if local wages run hot for the sector.
| System | Loans in IN | Charged off (all years) | Loss ratio in IN | Units in IN |
|---|---|---|---|---|
| Pure Barre | 19 | 0 of 7 | — | — |
| Curves for Women | 16 | 3 of 14 | — | — |
| Planet Fitness | 10 | 0 of 9 | — | 67 |
| HOTWORX | 9 | 0 of 4 | — | 13 |
| Stretch Lab | 8 | 0 of 2 | — | — |
| F45 Training | 7 | 0 of 2 | — | — |
| I LOVE KICKBOXING | 6 | 1 of 5 | — | — |
| Orangetheory | 6 | 0 of 5 | — | — |
| Powerhouse Gym | 5 | 0 of 3 | — | — |
Other systems in ANYTIME FITNESS's sector whose franchisees borrowed in Indiana. A loss ratio appears only where at least 30 loans approved through FY2020 have resolved; “—” means too few.
A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing ANYTIME FITNESS’ numbers, including talking you out of a bad deal.