Berry Family Chiropractic, P.S.
Berry Family Chiropractic, P.S. is an office of chiropractors located in Puyallup, Washington, classified under NAICS code 621310. The company was financed with an SBA 7(a) loan for a change of ownership totaling $508,000, approved on November 10, 2023, through Heritage Bank.
SBA 7(a) loan, change of ownership, approved Nov 10, 2023
$508,000 approvedLender: Heritage Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $508,000
- SBA-guaranteed amount
- $381,000 (75% of the approval)
- Lender
- Heritage Bank, Olympia, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 10, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $6,855 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 5, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 621310, Offices of Chiropractors
- Project location
- Pierce County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 6% of acquisition loans in Offices of Chiropractors on this site.
- Average acquisition loan in Offices of Chiropractors: $1,068,282.
- Average acquisition loan in Washington: $1,784,595.
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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