Hicks Chiropractic Center, LLC
Hicks Chiropractic Center, LLC is located in Michigan City, IN, and the SBA lists its industry as Offices of Chiropractors. It was approved for an SBA 7(a) loan of $716,000 for a change of ownership on August 23, 2024.
SBA 7(a) loan, change of ownership, approved Aug 23, 2024
- Gross approval
- $716,000
- SBA-guaranteed amount
- $537,000 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.4%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- August 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,839 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- LLC or partnership
- NAICS
- 621310, Offices of Chiropractors
- Project location
- La Porte County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 39% of acquisition loans in Offices of Chiropractors on this site.
- Average acquisition loan in Offices of Chiropractors: $1,068,282.
- Average acquisition loan in Indiana: $1,995,900.
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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