Commercial Loans for Chiropractors
Looking for commercial loans for chiropractors? Talk to a banker who works with the SBA. This $40,000 chiropractors loan was issued by a Minnesota bank.
This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Highland Bank, out of Saint Michael, Minnesota. The loan was granted and they received $40,000 to help grow their Maple Grove, Minnesota business.
SBA Loan Borrower
COMPANY TYPE: CHIROPRACTORS
MAPLE GROVE, MN 55369
SBA Loan Lender
HIGHLAND BANK
701 CENTRAL AVE EAST
SAINT MICHAEL, MN 55376
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
621310 - Chiropractors
Loan Approval Date
2/19/2003
Loan Approval Gross Amount
$40,000
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $20,000.
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 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Accountant's Role in Securing Financing
SBA Participating Banks in Saint Michael, Minnesota
Minnesota SBA 7A Lenders