Express Chiropractic; Express Chiropractic & Wellness
Express Chiropractic; Express Chiropractic & Wellness is located in Keller, TX, and the SBA lists its industry as Offices of Chiropractors. It was approved for an SBA 7(a) loan of $1,350,000 for a change of ownership on April 23, 2024.
SBA 7(a) loan, change of ownership, approved Apr 23, 2024
- Gross approval
- $1,350,000
- SBA-guaranteed amount
- $1,012,500 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,596 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 621310, Offices of Chiropractors
- Project location
- Tarrant County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Offices of Chiropractors on this site.
- Average acquisition loan in Offices of Chiropractors: $1,068,282.
- Average acquisition loan in Texas: $1,944,682.
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 Texas
- Web Health Dynamics, LLC, Abilene
- Texas Clinic of Chiropractic, New Braunfels