Raising Money for Chiropractors

Looking for bank loans for chiropractors? The SBA may be the answer. This $153,200 chiropractors loan was issued by a Washington bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Timberland Bank, out of Poulsbo, Washington. The loan was granted and they received $153,200 to help grow their Seattle, Washington business.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
SEATTLE, WA 98136

SBA Loan Lender

TIMBERLAND BANK
20464 VIKING WAY NW
POULSBO, WA 98270

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

1/6/2003

Loan Approval Gross Amount

$153,200

Loan Approval from the SBA

Of the total $153,200 loan amount, the SBA guaranteed $114,900.

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 2 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Timberland Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Angel Investors

SBA Participating Banks in Poulsbo, Washington

Find an SBA Lender in Washington