Where to Get Capital for Chiropractors
Looking for SBA loans for chiropractors? The SBA may be the answer. This $120,000 chiropractors loan was issued by a Minnesota bank.
This business knew how to go about getting a business bank loan. Based in Andover, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Central Bank, based in Coon Rapids, Minnesota.
SBA Loan Borrower
COMPANY TYPE: CHIROPRACTORS
ANDOVER, MN 55304
SBA Loan Lender
CENTRAL BANK
3585 124TH AVE NORTHWEST
COON RAPIDS, MN 55433
This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621310 - Chiropractors
Loan Approval Date
4/2/2007
Loan Approval Gross Amount
$120,000
Loan Approval from the SBA
Of the total $120,000 loan amount, the SBA guaranteed $102,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 3 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $120,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
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