Franchise brands › HealthSource Chiropractic
Franchise brand122 approvals since FY2010
SBA loans to HealthSource Chiropractic franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA lists 122 loan approvals since FY2010 under the HealthSource Chiropractic franchise brand, worth $26.6M; 29 of them came in FY2021 to FY2025.
In FY2025 there were 9, down 25% on FY2024. The average approval in the five-year window was $281K.
10 lenders made the FY2021 to FY2025 loans across 12 states; the most active were The Huntington National Bank (10), The Bank of Elk River (5) and First Bank of the Lake (4).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 7.1% as charged off, above the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 3 | $1.0M | $334K | 1 | 16 |
| FY2025 | 9 | $2.9M | $326K | 0 | 52 |
| FY2024 | 12 | $3.5M | $295K | 0 | 75 |
| FY2023 | 3 | $687K | $229K | 0 | 17 |
| FY2022 | 3 | $465K | $155K | 0 | 10 |
| FY2021 | 2 | — | — | 0 | 12 |
| FY2020 | 2 | — | — | 0 | 7 |
| FY2019 | 7 | $1.5M | $221K | 0 | 20 |
| FY2018 | 8 | $1.4M | $171K | 0 | 25 |
| FY2017 | 9 | $2.0M | $227K | 0 | 35 |
| FY2016 | 9 | $1.6M | $178K | 0 | 32 |
SBA's franchise field lists the brand as "HEALTHSOURCE CHIROPRACTIC"; "HealthSource Chiropractic". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | HealthSource Chiropractic | All SBA loans |
|---|---|---|
| Approvals in these years | 92 | 725,496 |
| Cancelled or never disbursed | 7 | 91,827 |
| Disbursed loans | 85 | 633,669 |
| Paid in full | 67 | 471,304 |
| Charged off | 6 | 37,796 |
| Still outstanding (status exempt from disclosure) | 12 | 124,569 |
| Charged off, share of disbursed loans | 7.1% | 6.0% |
| Dollars charged off, share of disbursed dollars | 5.5% | 2.2% |
| Dollars charged off | $896K | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 10 | $2.6M | 34.5% | |
| 2 | The Bank of Elk RiverElk River, MN | 5 | $934K | 17.2% | |
| 3 | First Bank of the LakeOsage Beach, MO | 4 | $1.8M | 13.8% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 3 | $533K | 10.3% | |
| 5 | Climate First BankSt. Petersburg, FL | 2 | — | 6.9% | |
| 6 | First Commonwealth BankIndiana, PA | 1 | — | 3.4% | |
| 7 | First Internet Bank of IndianaFishers, IN | 1 | — | 3.4% | |
| 8 | VisionBankSaint Louis Park, MN | 1 | — | 3.4% | |
| 9 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 3.4% | |
| 10 | Zions Bank, A Division ofSalt Lake City, UT | 1 | — | 3.4% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 6 | 20.7% | |
| 2 | Minnesota | 6 | 20.7% | |
| 3 | Utah | 4 | 13.8% | |
| 4 | Georgia | 3 | 10.3% | |
| 5 | Florida | 2 | 6.9% | |
| 6 | New Jersey | 2 | 6.9% | |
| 7 | Kansas | 1 | 3.4% | |
| 8 | Pennsylvania | 1 | 3.4% | |
| 9 | Michigan | 1 | 3.4% | |
| 10 | Iowa | 1 | 3.4% | |
| 11 | North Carolina | 1 | 3.4% | |
| 12 | Idaho | 1 | 3.4% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of Other Health PractitionersNAICS 6213 | 28 | 96.6% | |
| 2 | Offices of PhysiciansNAICS 6211 | 1 | 3.4% |
Approval sizes
- $50,000 or less20.7%6
- $50,001 to $150,00017.2%5
- $150,001 to $350,00013.8%4
- $350,001 to $1 million48.3%14
Age of the businesses
- Existing, more than 2 years old17.2%5
- New business, 2 years or less13.8%4
- Startup, loan funds will open the business65.5%19
- Change of ownership3.4%1
Questions and answers
How many SBA loans go to HealthSource Chiropractic franchises?
122 approvals since FY2010, worth $26.6M; 29 in FY2021 to FY2025.
Which lenders make SBA loans for HealthSource Chiropractic franchises?
By approvals in FY2021 to FY2025: The Huntington National Bank (10), The Bank of Elk River (5), First Bank of the Lake (4), BayFirst National Bank (3), Climate First Bank (2).
How large is a typical SBA loan for a HealthSource Chiropractic franchise?
The average approval in FY2021 to FY2025 was $281K.
What share of HealthSource Chiropractic SBA loans are charged off?
Of 85 disbursed loans approved in FY2010 to FY2021, 6 (7.1%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to HealthSource Chiropractic franchises rising?
Volumes are too small to compare periods.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error