Otto Family PS
Otto Family PS is an offices of chiropractors business in Federal Way, WA (NAICS 621310). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $760,000 approved on July 28, 2025, by United Midwest Savings Bank National Association.
SBA 7(a) loan, change of ownership, approved Jul 28, 2025
$760,000 approvedLender: United Midwest Savings Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $760,000
- SBA-guaranteed amount
- $570,000 (75% of the approval)
- Lender
- United Midwest Savings Bank National Association, De Graff, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $10,149 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 621310, Offices of Chiropractors
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 49% 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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Same industry in Washington
- Pure Wellness Chiropractic Washougal PLLC, Washougal
- Berry Family Chiropractic, P.S., Puyallup