SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW JERSEY
AFC/AMERICAN FAMILY CARE franchise in New Jersey: what the public record shows
Franchisees of AFC/AMERICAN FAMILY CARE in New Jersey have taken 23 SBA loans since 1991 (average $1,076,760)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 3.6% is the better guide. Its latest FDD Item 20 state table reports 41 franchised outlets in New Jersey (fiscal 2024) — about 0.43 per 100k residents.
Loans in NJ
23
Resolved
3
Local charge-off
thin
National charge-off
3.6%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NJ. 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 of 30 loans.
Businesses in this industry
981
statewide, all operators
Per 100k residents
10.3
national 11.6
Versus the country
-11%
thinner
Every business in AFC/AMERICAN FAMILY CARE's industry operating in New Jersey — 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 |
|---|---|---|
| 2022 | 26 | — |
| 2023 | 36 | — |
| 2024 | 41 | — |
| System | Loans in NJ | Local charge-off | Units in NJ |
|---|---|---|---|
| Success On The Spectrum | 20 | thin | — |
| General Nutrition Center | 16 | thin | — |
| Pearle Vision Center | 16 | 0.0% | — |
| ELLIE MENTAL HEALTH | 5 | thin | — |
Same sector, same state, same public records — how AFC/AMERICAN FAMILY CARE compares to the systems a buyer in New Jersey 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 AFC/AMERICAN FAMILY CARE's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →