SBA 7(a)/504 FOIA · FY1991–PRESENT · MICHIGAN
Snap Fitness Club franchise in Michigan: what the public record shows
Franchisees of Snap Fitness Club in Michigan have taken 26 SBA loans since 1991 (average $142,692), and of the 20 loans whose story has ended, 0.0% were charged off — versus 11.4% for Snap Fitness Club nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 22 franchised outlets in Michigan (fiscal 2025) — about 0.22 per 100k residents.
Loans in MI
26
Resolved
20
Local charge-off
0.0%
National charge-off
11.4%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MI. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor.
Businesses in this industry
899
statewide, all operators
Per 100k residents
8.9
national 11.9
Versus the country
-25%
thinner
Every business in Snap Fitness Club's industry operating in Michigan — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 27 | 1 |
| 2024 | 24 | 1 |
| 2025 | 22 | 1 |
| System | Loans in MI | Local charge-off | Units in MI |
|---|---|---|---|
| ANYTIME FITNESS; ANYTIME FITNESS EXPRESS | 44 | 7.1% | — |
| Orangetheory | 22 | 9.1% | — |
| Curves for Women | 15 | 33.3% | — |
| Powerhouse Gym | 15 | thin | — |
| Planet Fitness | 14 | 0.0% | 98 |
| Club Pilates | 12 | thin | — |
| F45 Training | 12 | 0.0% | — |
| Pure Barre | 12 | thin | — |
| Stretch Lab | 8 | thin | — |
Same sector, same state, same public records — how Snap Fitness Club compares to the systems a buyer in Michigan would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Snap Fitness Club's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →