Offices of Chiropractors acquisitions in Iowa: SBA loan data
Since FY2018, SBA lenders have approved 16 7(a) loans to buy an existing business classified as Offices of Chiropractors in Iowa, totaling $3.3M. The median loan was $198,000. That is 3.5% of the 454 acquisition loans in Iowa.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median Offices of Chiropractors loan in Iowa is 40% lower than the $332,050 median for all Iowa acquisitions, and 31% lower than the $285,500 median for Offices of Chiropractors acquisitions nationwide (569 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.6% of seasoned Offices of Chiropractors acquisition loans were charged off, and 3.8% of seasoned Iowa acquisition loans of any type.
Offices of Chiropractors acquisition loans in Iowa by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $283K | $283,000 | |
| FY2020 | 1 | $432K | $432,000 | |
| FY2021 | 3 | $929K | $288,000 | |
| FY2022 | 2 | $383K | $191,250 | |
| FY2023 | 2 | $225K | $112,500 | |
| FY2024 | 1 | $54K | $54,000 | |
| FY2025 | 5 | $875K | $200,500 | |
| FY2026 | 1 | $149K | $149,200 |
How often do these acquisition loans fail?
Fewer than 20 Offices of Chiropractors in Iowa acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
The purchase agreement decides what you bought, not the loan approval.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | BankVista | 2 | 12.5% | $720K | |
| 2 | Quad City Bank and Trust Company | 2 | 12.5% | $595K | |
| 3 | Community 1st CU | 2 | 12.5% | $225K | |
| 4 | First National Bank Ames, Iowa | 2 | 12.5% | $126K | |
| 5 | First Bank | 1 | 6.3% | $283K |
Top franchise brands
No franchise brands recorded in this combination.
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do SBA loans for Offices of Chiropractors acquisitions in Iowa run?
The median SBA 7(a) loan was $198,000 across 16 loans (FY2018 to FY2026). The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Offices of Chiropractors acquisitions in Iowa?
BankVista (2), Quad City Bank and Trust Company (2), Community 1st CU (2), First National Bank Ames, Iowa (2), First Bank (1).
How often do Offices of Chiropractors acquisition loans fail in Iowa?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Offices of Chiropractors acquisitions in Iowa?
None of the 16 loans in this combination were recorded with a franchise brand.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Iowa acquisitions
- Offices of Chiropractors nationally
- Offices of Chiropractors in Minnesota
- Offices of Chiropractors in Florida
- Offices of Chiropractors in Michigan
- Offices of Chiropractors in Illinois
- Offices of Chiropractors in Washington
- Offices of Chiropractors in Colorado
- Offices of Chiropractors in North Carolina
- Offices of Chiropractors in Pennsylvania
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Small samples move a lot: each loan in this combination is 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.