Neary Chiropractic Center, LLC
Neary Chiropractic Center, LLC is an offices of chiropractors business located in Saint Louis, Missouri, classified under NAICS code 621310. The company was financed with an SBA 7(a) loan for a change of ownership of $626,000, approved on November 20, 2024 by The Bank of Houston.
SBA 7(a) loan, change of ownership, approved Nov 20, 2024
$626,000 approvedLender: The Bank of Houston10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $626,000
- SBA-guaranteed amount
- $469,500 (75% of the approval)
- Lender
- The Bank of Houston, Houston, MO
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,623 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 621310, Offices of Chiropractors
- Project location
- Saint Louis County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in Offices of Chiropractors on this site.
- Average acquisition loan in Offices of Chiropractors: $1,068,282.
- Average acquisition loan in Missouri: $1,584,414.
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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