Offices of Chiropractors: SBA business acquisition loan data
569 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Offices of Chiropractors (NAICS 621310), totaling $224M. Median loan $285,500, 56% lower than the all-acquisition median. Annual volume fell 17% from FY2024 to FY2026.
Terms signed in the LOI shape the purchase agreement that follows.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $473,500 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 1.2% of all SBA-financed business purchases, ranking #15 of 300 industries tracked.
- Geography. Minnesota leads with 69 loans; the top five states account for 35% of the industry's acquisitions.
- Jobs. Lenders reported 2,955 jobs supported across these loans, about 5.2 per acquisition, a rough proxy for the size of business changing hands.
How the Offices of Chiropractors industry compares
| Measure | Offices of Chiropractors | All acquisitions |
|---|---|---|
| Median loan | $285,500 | $645,250 |
| Middle half of loans | $155,000 to $473,500 | $283,000 to $1,465,000 |
| Average initial rate | 7.86% | 7.76% |
| Median term | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 5.6% | 3.5% |
| Loans in sample | 569 | 48,902 |
The median for Offices of Chiropractors acquisition loans is $285,500, well below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $155,000 to $473,500, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 7.86%, in line with the 7.76% national average.
Seasoned loans were charged off at 5.6%, well above the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | Offices of Chiropractors | All acquisitions |
|---|---|---|
| Under $350K | 61% | 30% |
| $350K to under $1M | 32% | 33% |
| $1M to under $2M | 5% | 19% |
| $2M and over | 2% | 17% |
Most Offices of Chiropractors acquisition loans (94%) were under $1M, and the largest single band is Under $350K at 61%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
United Midwest Savings Bank National Association made 16% of Offices of Chiropractors acquisition loans, and the top three lenders together made 32%. 38 of the 190 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 135 Offices of Chiropractors acquisition loans were approved. That is 11% more than the 122 approved in FY2023 and FY2024. The median was $259,500, slightly below the $285,500 median across all years.
Offices of Chiropractors acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 55 | $17.5M | $238,800 | |
| FY2019 | 60 | $18.5M | $259,750 | |
| FY2020 | 59 | $22.3M | $301,500 | |
| FY2021 | 75 | $33.4M | $315,000 | |
| FY2022 | 63 | $24.9M | $273,000 | |
| FY2023 | 50 | $21.9M | $398,000 | |
| FY2024 | 72 | $29M | $260,000 | |
| FY2025 | 75 | $27.3M | $239,000 | |
| FY2026 | 60 | $29.4M | $284,050 |
How often do these acquisition loans fail?
Of the 249 Offices of Chiropractors acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 14 have been charged off by the SBA, a rate of 5.6% by loan count and 6.3% by dollars. 102 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Offices of Chiropractors is 60% higher than the acquisition-loan average. 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Minnesota | 69 | 12.1% | $16.2M | |
| 2 | Florida | 42 | 7.4% | $23.9M | |
| 3 | Michigan | 31 | 5.4% | $8.2M | |
| 4 | Illinois | 30 | 5.3% | $12M | |
| 5 | Washington | 27 | 4.7% | $11.4M | |
| 6 | Colorado | 26 | 4.6% | $12M | |
| 7 | California | 23 | 4.0% | $6.9M | |
| 8 | North Carolina | 22 | 3.9% | $14.7M | |
| 9 | Texas | 22 | 3.9% | $14.4M | |
| 10 | Pennsylvania | 21 | 3.7% | $6.6M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 91 | 16.0% | $45.4M | |
| 2 | BankVista | 60 | 10.5% | $13.4M | |
| 3 | Citizens Bank | 31 | 5.4% | $12.8M | |
| 4 | The Huntington National Bank | 25 | 4.4% | $7.2M | |
| 5 | Old National Bank | 14 | 2.5% | $5M | |
| 6 | PNC Bank, National Association | 10 | 1.8% | $3.6M | |
| 7 | Manufacturers and Traders Trust Company | 10 | 1.8% | $3.4M | |
| 8 | Pinnacle Bank | 8 | 1.4% | $7M | |
| 9 | First-Citizens Bank & Trust Company | 8 | 1.4% | $4.9M | |
| 10 | SouthState Bank, National Association | 8 | 1.4% | $4.6M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands in Offices of Chiropractors
3% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Joint Chiropractic | 7 | 46.7% | $9.2M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Offices of Chiropractors?
Median $285,500 across 569 acquisition loans (FY2018 to FY2026); the middle half ran $155,000 to $473,500. That is 56% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Offices of Chiropractors acquisitions?
United Midwest Savings Bank National Association (91), BankVista (60), Citizens Bank (31), The Huntington National Bank (25), Old National Bank (14).
Are businesses in Offices of Chiropractors often franchised?
Rarely. Only 3% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Offices of Chiropractors?
Of 249 seasoned loans (FY2018 to FY2021), 5.6% charged off, 60% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Offices of Chiropractors acquisitions?
Median term 10 years, average initial rate 7.86% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
How much do you need down for an SBA loan to buy a business in the Offices of Chiropractors industry?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for Offices of Chiropractors acquisition loans was $285,500, and the middle half ran $155,000 to $473,500.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 135 Offices of Chiropractors acquisition loans in FY2025 and FY2026.
Which banks make SBA loans for a business in the Offices of Chiropractors industry?
By loan count, FY2018 to FY2026: United Midwest Savings Bank National Association (91), BankVista (60), Citizens Bank (31), The Huntington National Bank (25), Old National Bank (14). United Midwest Savings Bank National Association made 16% of Offices of Chiropractors acquisition loans. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
Cite this data
SBA Acquisition Data, "Offices of Chiropractors: SBA acquisition loan data", https://sbaacquisitiondata.com/industry/offices-of-chiropractors-621310 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/industry/offices-of-chiropractors-621310.json.