Getting an SBA Loan for Chiropractors

With these business loans for chiropractors, the SBA guarantees the lender that the loan will be repaid. This chiropractors loan for $469,000 was given to a Texas entrepreneur in 2007.

Getting a small business loan in The Colony, Texas was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Prosper Bank, operating out of Prosper, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
THE COLONY, TX 75056

SBA Loan Lender

PROSPER BANK
805 E 1ST ST
PROSPER, TX 75078

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

5/14/2007

Loan Approval Gross Amount

$469,000

Loan Approval from the SBA

Of the total $469,000 loan amount, the SBA guaranteed $351,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Prosper 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.

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