Merchant Cash Advance
What to Do When Business Is Booming
Faced with two choices, the chiropractic business had to decide between accommodating patients within limited space, potentially leading some to seek alternatives, or expanding via an SBA loan. To proceed, renovations were essential, alongside property and land ownership. With expansion in mind, the owner opted for the second choice—expanding the chiropractic practice through an SBA loan.
This strategic decision marked a pivotal moment as the Chiropractor Expands with an SBA Loan, embarking on a journey of growth, enhanced patient care, and business infrastructure ownership. Dedication turned challenges into opportunities, driving the practice’s advancement.
The Cost of Property, Land, and an Expansion
Moving forward with the project involved considering numerous factors. However, before committing to the idea, the owner sought to determine the total cost.
Purchasing the building and property, along with factoring in the expansion, amounted to a price tag of approximately $750,000. With the cost in mind, the owner proceeded to the next step.