Financing for Chiropractors

Looking for commercial loans for chiropractors? The SBA may be the answer. This $155,400 chiropractors loan was issued by a Colorado bank.

Getting a small business loan in Colorado Springs, Colorado was important for this business back in 2008 and, based on their loan application, they were successful in getting an SBA loan from American National Bank, operating out of Denver, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
COLORADO SPRINGS, CO 80918

SBA Loan Lender

AMERICAN NATIONAL BANK
3033 E 1ST AVE
DENVER, CO 80206

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

2/12/2008

Loan Approval Gross Amount

$155,400

Loan Approval from the SBA

Of the total $155,400 loan amount, the SBA guaranteed $116,550.

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 5 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into American National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

The Friends and Family Network

Good Banks for Small Business in Denver, Colorado

Find an SBA Lender in Colorado