Financing for Offices of Chiropractors

With these commercial loans for offices of chiropractors, the SBA guarantees the lender that the loan will be repaid. This offices of chiropractors loan for $150,000 was given to a Texas entrepreneur in 2001.

Getting a small business loan in Austin, Texas was important for Bodyworks Chiropractic back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Citibank, operating out of Dallas, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

BODYWORKS CHIROPRACTIC
3801 N CAPTIAL OF TX HWY STE
AUSTIN, TX 78746

SBA Loan Lender

CITIBANK
8401 N CENTRAL EXPWY, STE 100
DALLAS, TX 75225

This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Offices of Chiropractors

Loan Approval Date

11/19/2001

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, Bodyworks Chiropractic, 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 3 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citibank and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

The Friends and Family Network

SBA Participating Banks in Dallas, Texas

Texas SBA 7A Banks

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