SBA 7(a)/504 FOIA · FY1991–PRESENT · MARYLAND
MASSAGE ENVY franchise in Maryland: what the public record shows
Franchisees of MASSAGE ENVY in Maryland have taken 16 SBA loans since 1991 (average $417,456), and of the 10 loans whose story has ended, 10.0% were charged off — versus 8.6% for MASSAGE ENVY nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 23 franchised outlets in Maryland (fiscal 2025) — about 0.37 per 100k residents.
Loans in MD
16
Resolved
10
Local charge-off
10.0%
National charge-off
8.6%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MD. 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 25 | 0 |
| 2024 | 24 | 0 |
| 2025 | 23 | 0 |
| System | Loans in MD | Local charge-off | Units in MD |
|---|---|---|---|
| Subway | 108 | 11.0% | 355 |
| EDIBLE ARRANGEMENTS | 15 | 15.4% | 22 |
| DAIRY QUEEN | 14 | 0.0% | — |
| Matco Tools | 14 | 25.0% | — |
| Sport Clips | 14 | thin | 38 |
| CERTA PROPAINTERS | 12 | thin | 11 |
| SERVICEMASTER RESTORE | 11 | thin | 51 |
| Home Instead | 9 | thin | 10 |
| Fastsigns | 8 | thin | — |
| PRECISION TUNE FRANCHISE AGREEMENT | 8 | thin | 15 |
| Budget Blinds | 7 | thin | — |
| Chesapeake Bagel Bakery | 7 | thin | — |
Same sector, same state, same public records — how MASSAGE ENVY compares to the systems a buyer in Maryland 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 MASSAGE ENVY's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →