How to Finance a Shoot 360 Franchise: Basketball Training Tech
By Marc Cornella
A Shoot 360 franchise loan funds a basketball training facility where players work through shooting, passing and ball-handling drills while cameras and software track every rep. It is part gym, part technology center and part youth sports business, and lenders will look at all three when they review your request.
Below we explain what Shoot 360 is, where its fees and costs appear in the Franchise Disclosure Document (FDD), which loan programs fit a technology-driven training facility and what the brand’s SBA Franchise Directory note means.
US Professional Funding is not affiliated with, sponsored by or endorsed by Shoot 360; the name is used only to describe the business. Figures from the franchisor’s disclosure document can change, loan programs vary, and every loan is subject to approval. Nothing here is legal, tax or investment advice.
Shoot 360 Franchise Loan at a Glance
- Concept: a basketball shooting and ball-handling training facility that the company describes as a high-tech training, competition and entertainment platform.
- Technology: machine vision, real-time analytics and gamified drills that measure each player’s progress.
- Revenue streams: memberships for youth and adult players, coaching, leagues and camps.
- Footprint: franchised locations across the United States and Canada, with international growth in Asia and other regions through a master franchise structure.
- Fees and investment: we could not verify the franchise fee, royalty or investment range from the franchisor’s own materials, so the current FDD is the source for every figure a lender will use.
- SBA status: listed on the SBA Franchise Directory (code S4795) with a note about the lender’s lien position on collateral.
What Is Shoot 360?
Shoot 360 was founded by Craig Moody, who serves as founder and president, and the brand is based in Vancouver, Washington. The company describes its facilities as the place for players to get the high-quality repetition that skill development requires, with technology turning each workout into measurable data.
A typical workout moves a player through stations for shooting, passing and ball handling. Cameras and sensors track makes, misses, release and movement, and the software scores each drill like a game. Players see their results, compete against others and track their progress over time.
More than a youth gym. The company has said adult memberships are growing alongside its youth base, and it runs skill-based shooting leagues that combine online and in-facility play, plus camps at select locations. Some locations operate inside host fitness clubs rather than in standalone space, which can change the build-out and the lease picture.
Why lenders view it the way they do. Shoot 360 has a multi-market franchise system, which helps, but lenders will still focus on membership retention, the cost of the technology package and the lease. Expect a Shoot 360 franchise loan to be underwritten on your capital, your management experience and a realistic membership ramp.
Shoot 360 Franchise Costs
We could not verify cost figures from a franchisor web page or an FDD we could review, so this section maps where each cost appears and what drives it. Request the current FDD and build your budget from Item 7.
Initial franchise fee
Item 5 lists the fee for one facility and any development or multi-unit fee. Ask whether any part is refundable if a site falls through.
Lease and build-out
A standalone facility needs open space with ceiling height for shooting, sport flooring, lighting, HVAC for active players, restrooms, a parent viewing area and a front desk. A location inside a host club may need less construction but adds a host agreement your lender will want to read.
Training technology and equipment
The technology package is the heart of the facility: shooting stations with ball return, camera and sensor tracking, screens, computers, networking, ball-handling and passing stations, hoops and the brand’s software. Item 7 and Item 8 should identify what you must buy from the franchisor or approved suppliers.
Opening costs and working capital
Plan for pre-opening membership marketing, coach and staff wages during training, rent before opening, insurance and a cushion while memberships build.
Total investment
Item 7 gives the low and high estimate. Expect line items such as:
- Initial franchise fee
- Leasehold improvements and sport flooring
- Training technology, shooting stations and tracking systems
- Computers, screens and networking
- Furniture, fixtures and signage
- Software set-up and point-of-sale
- Security deposits and rent before opening
- Insurance, permits and professional fees
- Grand opening and membership pre-sale marketing
- Training travel and expenses
- Additional funds for the initial operating period
Lenders size a Shoot 360 franchise loan from Item 7, so tie every line in your request back to it. Our page on using the FDD in a franchise loan request explains which items lenders read first.
Ongoing Fees and How They Affect Your Loan
Item 6 lists the royalty, any brand or marketing fund contribution, technology or software fees, transfer and renewal fees and any required upgrades. Because the training platform depends on software and data, technology fees are worth checking line by line.
Lenders subtract every recurring fee from projected revenue before testing whether the facility can cover its loan payment. Membership businesses also need a churn assumption: players age out, move to a new sport or pause in the off-season. Show the lender how you plan to replace them.
Franchisor Requirements for New Owners
We could not verify published net worth or liquid capital minimums for Shoot 360. Confirm any financial minimums, territory rules and owner involvement expectations with the franchisor and in the FDD. Basketball knowledge helps with credibility in the community, but running a membership business, hiring coaches and selling to parents matter just as much.
Your lender applies its own standards for credit, equity injection and reserves regardless of the franchisor’s minimums.
Ways to Own a Shoot 360
A new facility. These loans rest on projections, the lease or host agreement and your capital. Our page on fitness center start-up financing covers this route.
Buying an existing facility. The company has seen experienced franchisees take over existing units, and transfers give a lender actual membership and revenue history to study. The franchisor must approve the buyer, and Item 17 sets the conditions. See our page on fitness business acquisition financing and our article on buying a franchise resale.
Multiple facilities. Owners who perform well may add units in nearby markets, often through a development agreement.
Financing Options for a Shoot 360 Franchise
SBA 7(a) loans. SBA 7(a) loans can fund the franchise fee, build-out, technology, opening costs and working capital in one loan, subject to program rules and lender approval. The 7(a) program maximum is currently $5 million, and program rules can change.
SBA 504 loans. If you buy the building for your facility, SBA 504 loans are designed for owner-occupied real estate and long-lived fixed assets. Most facilities lease, so 504 applies in fewer deals.
Conventional term loans. Owners with strong liquidity or other businesses may qualify for conventional business loans, particularly for a second or third facility.
Equipment financing. Shooting stations, tracking systems, screens and computers can sometimes be financed or leased separately. Our page on fitness equipment financing and leasing explains the options. Specialized technology can be harder for an equipment lender to resell, and separate equipment debt counts in your primary lender’s cash flow test.
Working capital and lines of credit. Youth basketball has seasons: school leagues, summer camps and holiday breaks all shift demand. A cushion for slower months and pre-opening payroll is worth planning. See our page on fitness center working capital and lines of credit.
Seller financing on resales. When you buy an existing facility, the seller may carry part of the price. Seller notes are typically subordinate to the primary loan, and SBA rules may limit how they are structured.
SBA Loans for Shoot 360 Franchisees
SBA-backed loans are made by participating lenders with an SBA guarantee on part of the loan. For a franchise, the lender also confirms that the borrower controls its own business, and the SBA Franchise Directory helps with that review. A listing does not approve any borrower or guarantee a loan.
The directory listing. Shoot 360 appears on the SBA Franchise Directory under code S4795.
What the directory note means. The note says the lender or certified development company must ensure it secures the appropriate lien position on all collateral in accordance with SOP 50 10, the SBA’s lending rulebook. In plain English, something in the franchise documents, such as franchisor rights in equipment, software or other assets, could affect collateral, so the lender must confirm its liens rank where SBA rules require. Expect your lender to review the franchise agreement and any equipment or technology terms closely.
SBA application tips. Bring the FDD, a near-final lease or host agreement, the technology package quote, a sources and uses statement, personal financial statements, tax returns and résumés.
How Lenders Evaluate a Shoot 360 Deal
Personal credit and financial history. Lenders review each principal owner’s credit, tax returns and debts, and significant owners usually sign personal guarantees.
Net worth and liquidity. Expect questions about the cash you will put in and what remains after closing.
Management experience. Experience running a gym, sports academy, youth program or service business helps, because coaching staff, scheduling and parent relationships drive retention.
Business plan and projections. Lenders want membership projections by age group, pricing, coaching and league revenue, camp revenue, staffing and rent, with a slow ramp and a downside case. Our SBA loan calculator can help with early payment estimates, which are for planning only.
The FDD and franchise agreement. Lenders read the term, renewal, transfer, technology and termination provisions. Review Item 3 and Item 4 for any disclosed litigation or bankruptcy history.
Site and lease. Lenders want a lease or host agreement that runs at least as long as the loan, with clear assignment rights.
Historical financials on resales. For an existing facility, lenders study membership counts, churn, revenue by program and tax returns.
The Technology Package and Upgrade Cycle
For a Shoot 360 owner, the training technology is both the product and the largest piece of equipment collateral. Ask the franchisor what each component costs to repair or replace, what warranty applies, who services it and how often the franchise agreement may require upgrades. Build a replacement reserve into your projections so a hardware refresh does not become an emergency.
Data ownership matters too. Confirm who owns member data and training history, and what happens to platform access if you sell or the agreement ends.
Multi-Unit Growth and Development Agreements
Before you commit to a development schedule, match each opening date to your capital and your ability to borrow again. Lenders usually want the first facility performing before they fund the next, and SBA program limits apply across all of a borrower’s SBA loans. Our article on multi-unit franchise financing explains how owners stage growth.
Real-World Scenarios
A former coach opening a first facility. A longtime youth coach with community ties and savings opens a standalone Shoot 360. The lender gives weight to the coach’s network but asks for a larger reserve because the owner has not run a business before.
A gym owner adding a facility. An owner of an established fitness club adds a Shoot 360 in nearby space. The lender leans on the owner’s cash flow and management track record.
A buyer taking over an existing unit. An experienced franchisee buys a struggling facility from its original owner. The lender studies membership history, budgets for re-marketing and accepts a small subordinate seller note.
Common Mistakes to Avoid
- Signing a lease before confirming ceiling height, layout and power for the training stations
- Budgeting for the technology package but not for repairs and upgrades
- Projecting peak-season membership for the whole year
- Leaving out royalty, marketing and software fees when projecting cash flow
- Underestimating the coaching staff needed to keep members engaged
- Spending working capital on the build-out and leaving nothing for the ramp-up
For more, read the fitness center loan mistakes that cost owners the most.
Next Steps to Finance Your Shoot 360 Franchise
Step 1: Get the current FDD. Review Items 5, 6, 7, 8, 10, 17 and 19 with a franchise attorney.
Step 2: Build your budget from Item 7. Add a contingency for construction and technology installation.
Step 3: Secure a site. Confirm layout, ceiling height, parking and access for families.
Step 4: Talk with a financing specialist early. Confirm which Shoot 360 franchise loan structure fits and how much equity you need.
Step 5: Assemble and apply. Gather financial statements, tax returns, résumés, the lease, quotes and projections, and keep the franchisor’s approval, the lease and the loan on the same timeline.
Step 6: Close and plan the opening. Schedule build-out draws, technology installation, coach hiring and membership pre-sales.
Shoot 360 Franchise Loan FAQs
How much does a Shoot 360 franchise cost?
Item 7 of the current FDD gives the estimated initial investment range. We could not verify a figure from the franchisor’s own materials, so request the FDD and confirm each line.
What is the Shoot 360 franchise fee?
Item 5 of the FDD lists the initial fee and any development fee.
What ongoing fees does Shoot 360 charge?
Item 6 lists the royalty, marketing contribution and technology fees. Include every one in your projections.
How much liquid capital or net worth do I need?
We could not verify published minimums. The franchisor sets its own requirements, and your lender will separately judge whether your cash and net worth fit the project.
Can I use an SBA loan for a Shoot 360?
Possibly. Shoot 360 is listed on the SBA Franchise Directory under code S4795. Eligibility still depends on the borrower, the project, program rules and lender approval.
Can I finance the training equipment separately?
Sometimes, through equipment financing or leasing, but your primary lender will count that payment in its cash flow test.
Can I buy an existing Shoot 360?
Yes, when one is for sale. The franchisor must approve the buyer, and the lender will study the facility’s membership and financial history.
Do I need a basketball background?
It helps with credibility, but lenders care just as much about management experience, capital and a realistic plan.
Does Shoot 360 offer financing?
Check Item 10 of the FDD, which describes any financing the franchisor or its affiliates offer.
How long is the franchise agreement?
Item 17 summarizes the term, renewal and transfer rules. Lenders generally want the franchise term to extend at least as long as the loan.
Final Thoughts
A Shoot 360 franchise loan finances a membership business built on technology, coaching and community. Owners who build the budget from the FDD, plan for equipment upkeep, project memberships conservatively and keep a real cash cushion give themselves the best chance at approval.
US Professional Funding helps owners finance new training facilities, acquisitions, equipment and working capital. Learn more about our franchise financing and fitness center financing.
