Buying a Joint Chiropractic franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing Joint Chiropractic (classified mostly as Offices of Chiropractors), totaling $9.2M. The median loan was $579,000, 10% lower than the $645,250 median for all SBA-financed acquisitions. 2 of these loans were approved in the last two fiscal years.
Terms signed in the LOI shape the purchase agreement that follows.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of The Joint Chiropractic resale loans landed between $377,500 and $1,654,500.
- Lender experience exists. SouthState Bank, National Association alone has financed 3 The Joint Chiropractic resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Joint Chiropractic resale
The median SBA 7(a) loan for a Joint Chiropractic resale was $579,000 across 7 loans (FY2018 to FY2026). SouthState Bank, National Association, Simmons Bank and First Financial Bank have financed the most The Joint Chiropractic resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
The Joint Chiropractic acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $350K | $350,000 | |
| FY2019 | 1 | $310K | $309,600 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 3 | $1.6M | $579,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 2 | $7M | $3,493,100 |
How often do these acquisition loans fail?
Fewer than 20 The Joint Chiropractic acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
The purchase agreement decides what you bought, not the loan approval.
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Lenders financing The Joint Chiropractic resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | SouthState Bank, National Association | 3 | 42.9% | $1.6M | |
| 2 | Simmons Bank | 2 | 28.6% | $660K | |
| 3 | First Financial Bank | 1 | 14.3% | $4.3M | |
| 4 | Beacon Bank and Trust | 1 | 14.3% | $2.7M |
States where The Joint Chiropractic units are bought
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Questions buyers ask
How much do buyers borrow to buy a Joint Chiropractic franchise?
The median SBA 7(a) loan for a Joint Chiropractic resale was $579,000 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $377,500 to $1,654,500. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance The Joint Chiropractic acquisitions?
SouthState Bank, National Association has made the most SBA acquisition loans for The Joint Chiropractic (3, 43% of the total). Simmons Bank, First Financial Bank, Beacon Bank and Trust follow.
What interest rate and term do The Joint Chiropractic acquisition loans carry?
The average initial rate at approval was 6.75% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is a Joint Chiropractic resale riskier than other SBA-financed acquisitions?
Too few The Joint Chiropractic acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are The Joint Chiropractic units being bought with SBA loans?
Colorado (3), Georgia (2), Texas (1), Arizona (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Offices of Chiropractors acquisitions
- Colorado acquisitions
- Georgia acquisitions
- Texas acquisitions
- SouthState Bank, National Association
- Simmons Bank
- First Financial Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "The Joint Chiropractic" (franchise code S1764). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.