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Back To Health Chiropratic, P.A.

Bloomington, MN · Offices of Chiropractors · NAICS 621310

Back To Health Chiropratic, P.A., located in Bloomington, MN, operates in the offices of chiropractors industry (NAICS 621310). The business was financed with an SBA 7(a) loan for a change of ownership of $640,000, approved on June 16, 2025, through the lender BankVista.

SBA 7(a) loan, change of ownership, approved Jun 16, 2025

$640,000 approvedLender: BankVista10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$640,000
SBA-guaranteed amount
$480,000 (75% of the approval)
Lender
BankVista, Sartell, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
June 16, 2035 (estimated, approval date plus term)
Estimated monthly payment
$8,281 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 24, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
621310, Offices of Chiropractors
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 31% of acquisition loans in Offices of Chiropractors on this site.
  • Average acquisition loan in Offices of Chiropractors: $1,068,282.
  • Average acquisition loan in Minnesota: $1,482,119.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Minnesota