Health Atlast Colorado Springs East, PLLC
Health Atlast Colorado Springs East, PLLC is a chiropractic office located in Colorado Springs, Colorado, in the Offices of Chiropractors industry. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,000,000, approved on February 24, 2024 by First Bank of the Lake.
SBA 7(a) loan, change of ownership, approved Feb 24, 2024
$1,000,000 approvedLender: First Bank of the Lake105 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- First Bank of the Lake, Osage Beach, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 8 years, 9 months (105 months)
- Estimated maturity
- November 24, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $14,735 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 621310, Offices of Chiropractors
- Franchise
- Health Atlast
- Project location
- El Paso County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 65% of acquisition loans in Offices of Chiropractors on this site.
- Average acquisition loan in Offices of Chiropractors: $1,068,282.
- Average acquisition loan in Colorado: $1,608,658.
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 Colorado
- Werner Chiropractic & Wellness, Inc., Fort Collins