Offices of Chiropractors acquisitions in Indiana: SBA loan data
Since FY2018, SBA lenders have approved 15 7(a) loans to buy an existing business classified as Offices of Chiropractors in Indiana, totaling $6.3M. The median loan was $443,800. That is 1.3% of the 1,158 acquisition loans in Indiana.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Offices of Chiropractors loan in Indiana is 15% lower than the $521,250 median for all Indiana acquisitions, and 55% higher 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 3.1% of seasoned Indiana acquisition loans of any type.
Offices of Chiropractors acquisition loans in Indiana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.1M | $573,350 | |
| FY2019 | 3 | $1.1M | $443,800 | |
| FY2020 | 2 | $1.2M | $622,500 | |
| FY2021 | 3 | $1.3M | $413,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 2 | $866K | $433,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 3 | $681K | $261,300 |
How often do these acquisition loans fail?
Fewer than 20 Offices of Chiropractors in Indiana 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 | Old National Bank | 4 | 26.7% | $1.8M | |
| 2 | Citizens Bank | 2 | 13.3% | $1.2M | |
| 3 | 1st Source Bank | 2 | 13.3% | $1M | |
| 4 | The Huntington National Bank | 2 | 13.3% | $286K | |
| 5 | United Midwest Savings Bank National Association | 1 | 6.7% | $755K |
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 Indiana run?
The median SBA 7(a) loan was $443,800 across 15 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 Indiana?
Old National Bank (4), Citizens Bank (2), 1st Source Bank (2), The Huntington National Bank (2), United Midwest Savings Bank National Association (1).
How often do Offices of Chiropractors acquisition loans fail in Indiana?
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 Indiana?
None of the 15 loans in this combination were recorded with a franchise brand.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Indiana 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 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.