Texas Clinic of Chiropractic
Texas Clinic of Chiropractic is an offices of chiropractors business located in New Braunfels, Texas, in the NAICS 621310 industry. The business was financed with an SBA 7(a) loan for a change of ownership of $2,434,000, approved on February 26, 2025 by First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Feb 26, 2025
$2,434,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,434,000
- SBA-guaranteed amount
- $1,825,500 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $32,503 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 19, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 621310, Offices of Chiropractors
- Project location
- Comal County, TX
- SBA district office
- San Antonio District Office
- Congressional district
- TX-15
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 90% of acquisition loans in Offices of Chiropractors on this site.
- Average acquisition loan in Offices of Chiropractors: $1,068,282.
- Average acquisition loan in Texas: $1,944,682.
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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