Loans for Chiropractors

With these loans for chiropractors, the SBA guarantees the lender that the loan will be repaid. This chiropractors loan for $57,969 was given to a Louisiana entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Moore, Louisiana was able to borrow $57,969 from Community Trust Bank. The SBA made the loan possible by guaranteeing $49,273 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
WEST MOORE, LA 71291

SBA Loan Lender

COMMUNITY TRUST BANK
2211 N 7TH ST
WEST MONROE, LA 71291

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

7/22/2002

Loan Approval Gross Amount

$57,969

Loan Approval from the SBA

Of the total $57,969 loan amount, the SBA guaranteed $49,273.

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 loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

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 Community Trust 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:

Find Start-Up Capital

SBA Banks in West Monroe, Louisiana

Getting a Business Loan in Louisiana