Chiropractors SBA Loans

With these SBA loans for chiropractors, the SBA guarantees the lender that the loan will be repaid. This chiropractors loan for $40,000 was given to an Iowa entrepreneur in 2002.

This small business knew how to go about getting a business bank loan. Based in New Hampton, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was State Bank Of Lawler, based in Lawler, Iowa.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
NEW HAMPTON, IA 50659

SBA Loan Lender

STATE BANK OF LAWLER
308 E GROVE ST
LAWLER, IA 52154

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

8/2/2002

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from State Bank Of Lawler so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

Small Bank Loans in Lawler, Iowa

Getting a Business Loan in Iowa