How to Get a Loan for Chiropractors

Looking for business loans for chiropractors? The SBA may be the answer. This $86,700 chiropractors loan was issued by an Iowa bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kingsley, Iowa was able to borrow $86,700 from American National Bank. The SBA made the loan possible by guaranteeing $73,695 of this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
KINGSLEY, IA 51028

SBA Loan Lender

AMERICAN NATIONAL BANK
101 E 1ST ST
KINGSLEY, IA 51028

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

7/1/2002

Loan Approval Gross Amount

$86,700

Loan Approval from the SBA

Of the total $86,700 loan amount, the SBA guaranteed $73,695.

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 SBA funding recipient planned 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?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Direct Public Offerings

Best Kingsley, Iowa Banks for Small Business

Iowa SBA Bank Lenders