Hendricks, MN business benefits from Microenterprise Loan Program
Wagner Chiropractic, owned by Dr. Josh Wagner, recently received loan assistance from the Southwest Initiative Foundation’s (SWIF) Microenterprise Loan Program for the start up of his chiropractic office, located at 202 South Main Plaza in Hendricks. Wagner Chiropractic will offer traditional chiropractic services along with educating the public on the benefits of chiropractic care and preventable health care.
Wagner visited the community with family earlier this year and was impressed with the area. Hendricks did not currently have a chiropractor, with the closest located in Ivanhoe 13 miles away, so he felt this was an opportunity for him to open his practice. Wagner Chiropractic officially opened for business in November and Wagner has been pleased with the initial response in the community. Business hours are Monday through Friday, 9 a.m. to 7 p.m. and alternate Saturdays from 10 a.m. to 3 p.m. Wagner can be reached at 507‐275‐6932.
“We’re very happy to assist Josh with the opening of his chiropractic office,” said Microenterprise Program Officer Kurt Thompson. “It will provide a service and promote economic growth in the community.”
Proceeds from the loan, along with funding from the Hendricks EDA, will be used to purchase equipment and provide working capital for the start up of the business. SWIF’s Microenterprise Loan Program offers loans of up to $35,000 for starting or expanding for‐profit small businesses located within the 18 counties of southwest Minnesota. This program also now serves Wright, Carver and southern Stearns counties.
In addition to financing, SWIF provides free technical assistance to all clients who have received a loan through the Microenterprise Program for the life of the loan. SWIF staff and business consultants provide one‐to‐one business planning, accounting, marketing and other training opportunities that will help entrepreneurs succeed in their venture. SWIF’s Microenterprise Loan Program receives funding assistance from the U.S. Small Business Administration and U.S. Department of Agriculture.
