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Downtown Health & Wellness, P.A.

Moorhead, MN · Offices of Chiropractors · NAICS 621310

Downtown Health & Wellness, P.A. is an offices of chiropractors business located in Moorhead, Minnesota, under NAICS code 621310. The company was approved for an SBA 504 loan of $1,778,000 through lender Cornerstone Bank and certified development company Dakota Business Lending, with an approval date of May 6, 2026, and the SBA loan figure is separate from the bank portion of the project.

SBA 504 loan, approved May 6, 2026

$1,778,000 SBA portionCDC: Dakota Business Lending25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,778,000
Bank portion
$2,481,000
Estimated project size
$4,732,222 (estimated)
Estimated owner equity
$473,222 (estimated, about 10% of the project)
Bank lender
Cornerstone Bank, Fargo, ND
CDC
Dakota Business Lending
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 6, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
7
Business type
Corporation
NAICS
621310, Offices of Chiropractors
Project location
Clay County, MN
SBA district office
Minnesota District Office
Congressional district
MN-7
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Average expansion loan in Offices of Chiropractors: $1,257,000.
  • Average expansion loan in Minnesota: $2,136,981.

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 Minnesota