SBA 7(a) Chiropractic Business Loans
Your dedication to patient care deserves a solid financial foundation. SBA 7(a) loans are designed to empower chiropractors by offering accessible financing options for growth and innovation. Whether you’re looking to hire new staff, purchase equipment, or renovate your practice, the SBA 7(a) loan is a top financing choice for chiropractors due to its flexibility and accessibility.
Longer Repayment Terms
The SBA 7(a) program offers extended repayment options, with terms up to 10 years for working capital, equipment, and other business uses, and up to 25 years for real estate purchases. Loans under 15 years can be prepaid anytime without penalties. For loans over 15 years, penalties apply for paying off more than 25% within the first three years: 5% in year one, 3% in year two, and 1% in year three. After three years, all loans are penalty-free.
Competitive Interest Rates
Take advantage of SBA 7(a) loans’ favorable interest rates to reduce the cost of financing for your business. The government guarantee minimizes our risk, allowing us to offer you more competitive terms than standard lenders.
Lower Down Payments
The government guaranty also enables small business owners to secure financing with lower down payments compared to traditional business loans, typically up to 20% of the total project cost but in some cases as low as 0%.
Flexible Use of Funds
The SBA 7(a) loan program is widely regarded as a top choice for small businesses due to its unmatched flexibility. Unlike many traditional loans that impose strict limitations, 7(a) loans empower businesses to meet a variety of financial needs, making them versatile for nearly any business purpose or stage of growth.
What Can SBA 7(a) Do for Your Chiropractic Practice?
Our flexible financing solutions allow you to invest in the most critical aspects of your practice, whether it's one specific area or several at once:
Business Expansion
Whether you're opening a new location, hiring additional staff, or updating your current facility, our loans give you the capital to grow your business.
Equipment & Technology
From ergonomic treatment chairs to advanced diagnostic equipment, equip your chiropractic practice with the essential tools to enhance patient care and comfort.
Real Estate Investments
Purchase, build, or refinance your office to give your business a solid foundation for growth and success.
Working Capital
Ensure smooth day-to-day operations by covering essential expenses like payroll, inventory, and marketing.
Debt Refinancing
Simplify your financial management by consolidating multiple loans into one, often with better terms.
Solutions for Every Stage of Your Chiropractic Practice
Our SBA 7(a) loans are designed to support chiropractor owners throughout their careers, whether you’re just getting started, expanding your business, or preparing for retirement.