Offices of Chiropractors acquisitions in Illinois: SBA loan data
Since FY2018, SBA lenders have approved 30 7(a) loans to buy an existing business classified as Offices of Chiropractors in Illinois, totaling $12M. The median loan was $270,000. That is 1.7% of the 1,779 acquisition loans in Illinois.
- Loans, FY2018-FY2026
- 30
- Median loan
- $270,000 (middle half $153,675 to $483,900)
- Top lender
- St. Charles Bank & Trust Company, National Association (7%, 2 loans)
- FY2026 loans (latest complete year)
- 2
SBA lenders approved 30 7(a) loans to buy a business classified as Offices of Chiropractors in Illinois from FY2018-FY2026, with a median of $270,000 and a middle half of $153,675 to $483,900. St. Charles Bank & Trust Company, National Association made 7% of them. FY2026 had 2 loans.
Seller note standby terms and third-party consents are reviewed before closing.
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How Offices of Chiropractors in Illinois compares
| Measure | Offices of Chiropractors in... | Illinois, all industries | Offices of Chiropractors, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $270,000 | $650,000 | $285,500 | $645,250 |
| Middle half of loans | $153,675 to $483,900 | $300,000 to $1,551,000 | $155,000 to $473,500 | $283,000 to $1,465,000 |
| Average initial rate | 7.63% | 7.78% | 7.86% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | n/a | 4.5% | 5.6% | 3.5% |
| Loans in sample | 30 | 1,779 | 569 | 48,902 |
The median for Offices of Chiropractors acquisition loans in Illinois is $270,000, well below the $650,000 median for all Illinois acquisitions, slightly below the $285,500 median for Offices of Chiropractors acquisitions nationwide and well below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $153,675 to $483,900, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 7.63%, in line with the 7.76% national average.
Too few of these loans are old enough to measure a charge-off rate; the national rate for seasoned acquisition loans is 3.5%.
Loan size distribution
| Loan size | Offices of Chiropractors in... | All acquisitions |
|---|---|---|
| Under $350K | 63% | 30% |
| $350K to under $1M | 30% | 33% |
| $1M to under $2M | 3% | 19% |
| $2M and over | 3% | 17% |
Most Offices of Chiropractors acquisition loans in Illinois (93%) were under $1M, and the largest single band is Under $350K at 63%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
St. Charles Bank & Trust Company, National Association made 7% of Offices of Chiropractors acquisition loans in Illinois, and the top three lenders together made 20%. 0 of the 23 lenders involved made three or more. Only 0 lenders have repeat experience here. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 2 Offices of Chiropractors acquisition loans in Illinois were approved. That is 80% fewer than the 10 approved in FY2023 and FY2024. The median was $422,100, well above the $270,000 median across all years.
Offices of Chiropractors acquisition loans in Illinois by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $864K | $209,500 | |
| FY2019 | 3 | $986K | $350,000 | |
| FY2020 | 4 | $962K | $267,050 | |
| FY2021 | 4 | $1.5M | $321,500 | |
| FY2022 | 3 | $3M | $608,000 | |
| FY2023 | 1 | $335K | $335,000 | |
| FY2024 | 9 | $3.5M | $166,500 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 2 | $844K | $422,100 |
How often do these acquisition loans fail?
Fewer than 20 Offices of Chiropractors in Illinois 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | St. Charles Bank & Trust Company, National Association | 2 | 6.7% | $1.2M | |
| 2 | Gulf Coast Bank and Trust Company | 2 | 6.7% | $1.1M | |
| 3 | PNC Bank, National Association | 2 | 6.7% | $844K | |
| 4 | First Mid Bank & Trust, National Association | 2 | 6.7% | $586K | |
| 5 | Busey Bank | 2 | 6.7% | $557K |
Top franchise brands
No franchise brands recorded in this combination.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do SBA loans for Offices of Chiropractors acquisitions in Illinois run?
The median SBA 7(a) loan was $270,000 across 30 loans (FY2018 to FY2026), with the middle half between $153,675 and $483,900. 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 Illinois?
St. Charles Bank & Trust Company, National Association (2), Gulf Coast Bank and Trust Company (2), PNC Bank, National Association (2), First Mid Bank & Trust, National Association (2), Busey Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Offices of Chiropractors acquisition loans fail in Illinois?
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 Illinois?
None of the 30 loans in this combination were recorded with a franchise brand.
How much do you need down for an SBA loan to buy an Offices of Chiropractors business in Illinois?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for Offices of Chiropractors acquisition loans in Illinois was $270,000, and the middle half ran $153,675 to $483,900.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 2 Offices of Chiropractors acquisition loans in Illinois in FY2025 and FY2026.
Which banks make SBA loans for an Offices of Chiropractors business in Illinois?
By loan count, FY2018 to FY2026: St. Charles Bank & Trust Company, National Association (2), Gulf Coast Bank and Trust Company (2), PNC Bank, National Association (2), First Mid Bank & Trust, National Association (2), Busey Bank (2). St. Charles Bank & Trust Company, National Association made 7% of Offices of Chiropractors acquisition loans in Illinois. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Illinois acquisitions
- Offices of Chiropractors nationally
- Offices of Chiropractors in Minnesota
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Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Offices of Chiropractors in Illinois: SBA acquisition loan data", https://sbaacquisitiondata.com/state/il/offices-of-chiropractors-621310 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/il/offices-of-chiropractors-621310.json.