SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Healthsource Chiropractic franchise in Minnesota: what the public record shows
Franchisees of Healthsource Chiropractic in Minnesota have taken 38 SBA loans since 1991 (average $159,326), and of the 30 loans whose story has ended, 6.7% were charged off — versus 10.1% for Healthsource Chiropractic nationally and 14.8% across all rateable franchise brands.
Loans in MN
38
Resolved
30
Local charge-off
6.7%
National charge-off
10.1%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MN. 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
948
statewide, all operators
Per 100k residents
16.4
national 11.6
Versus the country
+41%
denser
Every business in Healthsource Chiropractic's industry operating in Minnesota — 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 MN | Local charge-off | Units in MN |
|---|---|---|---|
| Pearle Vision Center | 29 | 0.0% | — |
| General Nutrition Center | 11 | thin | — |
| Medicine Shoppe | 7 | thin | — |
| Arcpoint | 5 | thin | — |
Same sector, same state, same public records — how Healthsource Chiropractic compares to the systems a buyer in Minnesota 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 Healthsource Chiropractic's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →