Getting an SBA Loan for Chiropractors

Looking for SBA loans for chiropractors? The SBA may be the answer. This $29,500 chiropractors loan was issued by a Texas bank.

This business knew how to go about getting a business bank loan. Based in Pecos, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was West Texas National Bank, based in Midland, Texas.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
PECOS, TX 79772

SBA Loan Lender

WEST TEXAS NATIONAL BANK
6 DESTA DR, STE 2400
MIDLAND, TX 79705

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

4/7/2005

Loan Approval Gross Amount

$29,500

Loan Approval from the SBA

Of the total $29,500 loan amount, the SBA guaranteed $25,075.

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 documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Pecos TX, you ought to talk with a local Pecos SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pecos businesses.

This SBA loan was for $29,500. How would you spend $29,500 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:

Realistic Debt Financing Options

Banks in Midland, Texas

Getting an SBA Loan in Texas