SBA 7(a)/504 FOIA · FY1991–PRESENT · IOWA
Medicap Pharmacy franchise in Iowa: what the public record shows
Franchisees of Medicap Pharmacy in Iowa have taken 22 SBA loans since 1991 (average $150,053), and of the 18 loans whose story has ended, 0.0% were charged off — versus 4.5% for Medicap Pharmacy nationally and 14.8% across all rateable franchise brands.
Loans in IA
22
Resolved
18
Local charge-off
0.0%
National charge-off
4.5%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IA. 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
172
statewide, all operators
Per 100k residents
5.3
national 11.6
Versus the country
-54%
thinner
Every business in Medicap Pharmacy's industry operating in Iowa — 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.
| System | Loans in IA | Local charge-off | Units in IA |
|---|---|---|---|
| MASSAGE HEIGHTS | 12 | 18.2% | — |
Same sector, same state, same public records — how Medicap Pharmacy compares to the systems a buyer in Iowa 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 Medicap Pharmacy's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →