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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Colby, Business Loans > Farmers & Merchants Bank - Colb Colby Business Loans > Chiropractors Loan | ||||
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Colorado Small Business Funding
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Raising Money for ChiropractorsLooking for bank loans for chiropractors? Try the SBA. This $150,000 chiropractors loan was issued by a Kansas bank. This small firm knew how to go about getting a business bank loan. Based in Castle Rock, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Farmers & Merchants Bank - Colb, based in Colby, Kansas. SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender FARMERS & MERCHANTS BANK - COLB This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621310 - Chiropractors Loan Approval Date 7/22/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Farmers & Merchants Bank - Colb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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. Related Links: Best Colby, Kansas Banks for Small Business
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