SBA 7(a)/504 FOIA · FY1991–PRESENT · PENNSYLVANIA
Hand and Stone franchise in Pennsylvania: what the public record shows
Franchisees of Hand and Stone in Pennsylvania have taken 21 SBA loans in the FY1991–present FOIA files (average $376,638). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Hand and Stone's national ratio is 0.3×.
Loans in PA
21
Charged off (all years)
0 of 12
Loss ratio in PA
—
Loss ratio nationally
0.3×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = PA. 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
1,494
statewide, all operators
Per 100k residents
11.4
national 11.6
Versus the country
-2%
thinner
Every business in Hand and Stone's industry operating in Pennsylvania — 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
$963
Pennsylvania, BLS QCEW 2025
National average
$806
same industry, all states
Versus the country
+19%
costlier to staff
What Hand and Stone's industry actually pays workers in Pennsylvania, 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 PA | Charged off (all years) | Loss ratio in PA | Units in PA |
|---|---|---|---|---|
| Medicine Shoppe | 31 | 1 of 26 | — | — |
| MASSAGE ENVY | 20 | 0 of 18 | — | 23 |
| AFC/AMERICAN FAMILY CARE | 17 | 0 of 9 | — | 25 |
| Medicap Pharmacy | 10 | 0 of 9 | — | — |
| Pearle Vision | 9 | 0 of 4 | — | — |
| Fyzical | 8 | — | — | 5 |
| ELLIE MENTAL HEALTH | 7 | — | — | — |
| Restore Hyper Wellness | 5 | 0 of 3 | — | — |
| The Joint...the chiropractic place | 5 | 0 of 2 | — | — |
Other systems in Hand and Stone's sector whose franchisees borrowed in Pennsylvania. 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 Hand and Stone’s numbers, including talking you out of a bad deal.