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March 28, 2024  
 
 
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SBA Lender Chelsea Alabama

 

 
Loan Census SBA Loan Info

Where to Get Capital for Chiropractors

Looking for small business loans for chiropractors? Talk to a banker who works with the SBA. This $150,000 chiropractors loan was issued by an Alabama bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chelsea, Alabama was able to borrow $150,000 from Covenant Bank. The SBA made the loan possible by guaranteeing $127,500 of this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
CHELSEA, AL 35043

SBA Loan Lender

COVENANT BANK
7908 PARKWAY DR
LEEDS, AL 35094

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

6/29/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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. This SBA loan request indicated that the funding would help generate 2 new jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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