Chiropractors Commercial Loans

Looking for commercial loans for chiropractors? Try the SBA. This $116,160 chiropractors loan was issued by a Wisconsin bank.

This business knew how to go about getting a business bank loan. Based in Madison, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Monona State Bank, based in Monona, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS
MADISON, WI 53716

SBA Loan Lender

MONONA STATE BANK
5515 MONONA DR
MONONA, WI 53716

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.

SIC Code

8041 - Offices and Clinics of Chiropractors

NAICS Code

621310 - Chiropractors

Loan Approval Date

4/16/2003

Loan Approval Gross Amount

$116,160

Loan Approval from the SBA

Of the total $116,160 loan amount, the SBA guaranteed $98,736.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Monona, Wisconsin

SBA Participating Banks in Wisconsin