Chiropractors Bank Loans

With these bank loans for chiropractors, the SBA guarantees the lender that the loan will be repaid. This chiropractors loan for $150,000 was given to an Iowa entrepreneur in 2002.

This small firm knew how to go about getting a business bank loan. Based in Cedar Falls, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was First National Bank, based in Cedar Falls, Iowa.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
CEDAR FALLS, IA 50613

SBA Loan Lender

FIRST NATIONAL BANK
2421 WHITETAIL DR
CEDAR FALLS, IA 50613

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

3/4/2002

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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Cedar Falls IA, you ought to talk with a local Cedar Falls SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cedar Falls businesses.

We can help you find the best banks for small businesses in Cedar Falls or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Financing Your Business

Best Cedar Falls, Iowa Banks for Small Business

Getting a Business Loan in Iowa