SBA 7(a)/504 FOIA · FY1991–PRESENT · NORTH CAROLINA
The Joint...the chiropractic place franchise in North Carolina: what the public record shows
Franchisees of The Joint...the chiropractic place in North Carolina have taken 7 SBA loans in the FY1991–present FOIA files (average $365,271). 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×). Its latest FDD Item 20 state table reports 11 franchised outlets in North Carolina (fiscal 2015) — about 0.1 per 100k residents.
Loans in NC
7
Charged off (all years)
0 of 3
Loss ratio in NC
—
Loss ratio nationally (not clear)
0.6×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NC. 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
1,346
statewide, all operators
Per 100k residents
12.2
national 11.6
Versus the country
+5%
denser
Every business in The Joint...the chiropractic place's industry operating in North Carolina — 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
$802
North Carolina, BLS QCEW 2025
National average
$806
same industry, all states
Versus the country
+0%
costlier to staff
What The Joint...the chiropractic place's industry actually pays workers in North Carolina, 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2013 | 6 | — |
| 2014 | 9 | — |
| 2015 | 11 | — |
| System | Loans in NC | Charged off (all years) | Loss ratio in NC | Units in NC |
|---|---|---|---|---|
| MASSAGE ENVY | 19 | 3 of 16 | — | 42 |
| AFC/AMERICAN FAMILY CARE | 12 | 1 of 3 | — | 23 |
| Hand and Stone | 8 | 0 of 3 | — | — |
| Medicap Pharmacy | 7 | 0 of 6 | — | — |
| Vision Source | 7 | 0 of 3 | — | 114 |
| THE NOW | 6 | 0 of 2 | — | — |
| Gameday Men's Health | 5 | — | — | — |
| SweatHouz | 5 | — | — | 3 |
Other systems in The Joint...the chiropractic place's sector whose franchisees borrowed in North Carolina. 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.