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Forest Hills Chiropractic Center, P.C.

Pittsburgh, PA · Offices of Chiropractors · NAICS 621310

Forest Hills Chiropractic Center, P.C., located in Pittsburgh, Pennsylvania, operates in the offices of chiropractors industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $550,000, approved on February 11, 2024 by Beacon Bank and Trust. The loan supported 4 jobs.

SBA 7(a) loan, change of ownership, approved Feb 11, 2024

$550,000 approvedLender: Beacon Bank and Trust20 years termStatus not reported (SBA exemption)Loan details
Gross approval
$550,000
SBA-guaranteed amount
$412,500 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.5%, variable
Term
20 years (240 months)
Estimated maturity
February 11, 2044 (estimated, approval date plus term)
Estimated monthly payment
$5,865 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
621310, Offices of Chiropractors
Project location
Allegheny County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-17
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 18% of acquisition loans in Offices of Chiropractors on this site.
  • Average acquisition loan in Offices of Chiropractors: $1,068,282.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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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