Borrowing Money for Chiropractors
Looking for small business loans for chiropractors? Try the SBA. This $25,000 chiropractors loan was issued by an Iowa bank.
This small firm knew how to go about getting a business bank loan. Based in Storm Lake, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Heritage Bank, based in Alta, Iowa.
SBA Loan Borrower
COMPANY TYPE: CHIROPRACTORS
STORM LAKE, IA 50588
SBA Loan Lender
HERITAGE BANK
202 MAIN ST
ALTA, IA 51002
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
7/23/2003
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
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. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Heritage Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Obtaining Funding From a Venture Capitalist
SBA Banks in Alta, Iowa
SBA Lenders in Iowa