SBA 7(a)/504 FOIA · FY1991–PRESENT · VIRGINIA
The Joint...the chiropractic place franchise in Virginia: what the public record shows
Franchisees of The Joint...the chiropractic place in Virginia have taken 9 SBA loans in the FY1991–present FOIA files (average $158,155). 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 7 franchised outlets in Virginia (fiscal 2015) — about 0.08 per 100k residents.
Loans in VA
9
Charged off (all years)
0 of 4
Loss ratio in VA
—
Loss ratio nationally (not clear)
0.6×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = VA. 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
1,432
statewide, all operators
Per 100k residents
16.3
national 11.6
Versus the country
+41%
denser
Every business in The Joint...the chiropractic place's industry operating in Virginia — 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
$779
Virginia, BLS QCEW 2025
National average
$806
same industry, all states
Versus the country
-3%
cheaper to staff
What The Joint...the chiropractic place's industry actually pays workers in Virginia, 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 | 0 | — |
| 2014 | 1 | — |
| 2015 | 7 | — |
| System | Loans in VA | Charged off (all years) | Loss ratio in VA | Units in VA |
|---|---|---|---|---|
| MASSAGE ENVY | 14 | 1 of 10 | — | 37 |
| Medicap Pharmacy | 11 | 0 of 10 | — | — |
| AFC/AMERICAN FAMILY CARE | 9 | 0 of 1 | — | 10 |
| Gameday Men's Health | 7 | — | — | — |
| ELLIE MENTAL HEALTH | 5 | — | — | — |
Other systems in The Joint...the chiropractic place's sector whose franchisees borrowed in Virginia. 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.