SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Orangetheory franchise in Minnesota: what the public record shows
Franchisees of Orangetheory in Minnesota have taken 19 SBA loans in the FY1991–present FOIA files (average $616,326). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Orangetheory's national ratio is 0.1×.
Loans in MN
19
Charged off (all years)
1 of 13
Loss ratio in MN
—
Loss ratio nationally
0.1×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MN. 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
710
statewide, all operators
Per 100k residents
12.3
national 11.9
Versus the country
+3%
denser
Every business in Orangetheory's industry operating in Minnesota — 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
$441
Minnesota, BLS QCEW 2025
National average
$438
same industry, all states
Versus the country
+1%
costlier to staff
What Orangetheory's industry actually pays workers in Minnesota, 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 MN | Charged off (all years) | Loss ratio in MN | Units in MN |
|---|---|---|---|---|
| ANYTIME FITNESS | 111 | 4 of 88 | 0.3× | — |
| Snap Fitness | 74 | 4 of 51 | 0.6×NOT CLEAR | 69 |
| Curves for Women | 22 | 4 of 20 | — | — |
| FARRELL'S EXTREME BODYSHAPING | 15 | 1 of 8 | — | — |
| Burn Boot Camp Fitness | 13 | 0 of 3 | — | — |
| Fitness Together | 9 | 4 of 8 | — | 3 |
| Club Pilates | 8 | 0 of 3 | — | — |
| F45 Training | 8 | 1 of 5 | — | — |
| HOTWORX | 7 | — | — | 13 |
| TITLE BOXING CLUB | 6 | 0 of 5 | — | 1 |
Other systems in Orangetheory's sector whose franchisees borrowed in Minnesota. 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 Orangetheory’s numbers, including talking you out of a bad deal.