SBA 7(a)/504 FOIA · FY1991–PRESENT · ARIZONA
Lady of America franchise in Arizona: what the public record shows
Franchisees of Lady of America in Arizona have taken 5 SBA loans in the FY1991–present FOIA files (average $120,880). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Lady of America's national ratio is 2.1×.
Loans in AZ
5
Charged off (all years)
3 of 4
Loss ratio in AZ
—
Loss ratio nationally
2.1×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = AZ. 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
809
statewide, all operators
Per 100k residents
10.7
national 11.9
Versus the country
-10%
thinner
Every business in Lady of America's industry operating in Arizona — 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
$437
Arizona, BLS QCEW 2025
National average
$438
same industry, all states
Versus the country
+0%
costlier to staff
What Lady of America's industry actually pays workers in Arizona, 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 AZ | Charged off (all years) | Loss ratio in AZ | Units in AZ |
|---|---|---|---|---|
| Orangetheory | 17 | 0 of 13 | — | — |
| ANYTIME FITNESS | 12 | 0 of 4 | — | — |
| Club Pilates | 8 | 0 of 7 | — | — |
| F45 Training | 8 | 0 of 3 | — | — |
| HOTWORX | 8 | — | — | 14 |
| BARRE3 | 7 | 0 of 3 | — | 7 |
| BODYBAR | 6 | — | — | 2 |
| Exercise Coach | 6 | 0 of 2 | — | — |
| Snap Fitness | 5 | 0 of 4 | — | 16 |
| Yoga Six | 5 | 0 of 2 | — | — |
Other systems in Lady of America's sector whose franchisees borrowed in Arizona. 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 Lady of America’s numbers, including talking you out of a bad deal.