Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

SBA Lender Owosso Michigan

 

 
Loan Census SBA Loan Info

Chiropractors Commercial Loans

Looking for commercial loans for chiropractors? An SBA loan may be just what you've been looking for. This $620,000 chiropractors loan was issued by an Ohio bank.

This small business received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with The Huntington National Bank, out of Columbus, Ohio. The loan was granted and they received $620,000 to help grow their Owosso, Michigan business.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
Owosso, MI 48867

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

1/31/2008

Loan Approval Gross Amount

$620,000

Loan Approval from the SBA

Of the total $620,000 loan amount, the SBA guaranteed $465,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

This SBA loan was for $620,000. How would you spend $620,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

VC Firms on Twitter

SBA Approved Banks in Columbus, Ohio

Ohio SBA 7A Banks