SBA 7(a)/504 FOIA · FY1991–PRESENT · ILLINOIS
HEALTH MART franchise in Illinois: what the public record shows
Franchisees of HEALTH MART in Illinois have taken 7 SBA loans since 1991 (average $1,009,628)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 9.4% is the better guide. Its latest FDD Item 20 state table reports 81 franchised outlets in Illinois (fiscal 2026) — about 0.64 per 100k residents.
Loans in IL
7
Resolved
5
Local charge-off
thin
National charge-off
9.4%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IL. 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 of 30 loans.
Businesses in this industry
1,176
statewide, all operators
Per 100k residents
9.3
national 11.6
Versus the country
-20%
thinner
Every business in HEALTH MART's industry operating in Illinois — 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2024 | 108 | — |
| 2025 | 110 | — |
| 2026 | 81 | — |
| System | Loans in IL | Local charge-off | Units in IL |
|---|---|---|---|
| Pearle Vision Center | 34 | 3.6% | — |
| General Nutrition Center | 8 | thin | — |
| Healthsource Chiropractic | 8 | thin | — |
| Medicine Shoppe | 7 | thin | — |
| THE JOINT CHIROPRACTIC (RD) | 6 | thin | — |
| Medicap Pharmacy | 5 | thin | — |
Same sector, same state, same public records — how HEALTH MART compares to the systems a buyer in Illinois 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 HEALTH MART's numbers, including talking you out of a bad deal.
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