SBA 7(a)/504 FOIA · FY1991–PRESENT · KENTUCKY
The Joint...the chiropractic place franchise in Kentucky: what the public record shows
Franchisees of The Joint...the chiropractic place in Kentucky have taken 6 SBA loans in the FY1991–present FOIA files (average $178,133). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. The Joint...the chiropractic place's national ratio is 0.6× (not clearly different from 1.0×).
Loans in KY
6
Charged off (all years)
—
Loss ratio in KY
—
Loss ratio nationally (not clear)
0.6×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = KY. 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
250
statewide, all operators
Per 100k residents
5.4
national 11.6
Versus the country
-53%
thinner
Every business in The Joint...the chiropractic place's industry operating in Kentucky — 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
$1,171
Kentucky, BLS QCEW 2025
National average
$806
same industry, all states
Versus the country
+45%
costlier to staff
What The Joint...the chiropractic place's industry actually pays workers in Kentucky, 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 KY | Charged off (all years) | Loss ratio in KY | Units in KY |
|---|---|---|---|---|
| MASSAGE ENVY | 5 | 0 of 3 | — | 7 |
Other systems in The Joint...the chiropractic place's sector whose franchisees borrowed in Kentucky. 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 The Joint...the chiropractic place’s numbers, including talking you out of a bad deal.