“Because of the support from the North Dakota Opportunity Fund”

Like many small business owners, Dr. Travis Myers saw a business opportunity and wanted to seize upon it.

Myers has been a chiropractor for 16 years and has been providing chiropractic care in Watford City for many of those years. Recently, the opportunity purchase an existing clinic, Dakota Back & Neck, provided Myers with the chance to expand his services and serve more patients. 

With his lender, Dakota West Credit Union, Myers was able to secure additional financing through the North Dakota Opportunity Fund (NDOF) to close the deal.

“We wanted to keep this amazing health facility open and grow it to be even more beneficial to our community,” says Dr. Myers. “The impact of financing through the North Dakota Opportunity Fund allowed me, first and foremost, to purchase Dakota Back and Neck, but it also allowed me to step into this role as a wellness leader.”

While Dakota Back & Neck is under new ownership, the clinic’s team remains in place. Another chiropractor with 23 years of experience and a team of eight staff are able to serve between 200 to 300 patients per week. The clinic has also partnered with a massage therapist to provide in-house massage therapy.

\”Together, with our team, we are able to expand an already great business and truly convert it into the wellness facility I’ve always wanted to provide here in Watford City,” adds Dr. Myers.

Watford City is one of 37 North Dakota communities that are members of the NDOF consortium, which leverages private lending to help small businesses attain loans needed to expand their businesses. 

Matt Burthold, LCD Group commercial lending director, oversees the NDOF. He notes that NDOF loans are used for construction, equipment, working capital, real estate, and interim SBA 504 loans.

“Dr. Myer’s use of the fund is textbook in how the NDOF is utilized. Not only was Myers able to purchase an existing business, but his plans for Dakota Back and Neck’s future will be of direct benefit to patients in and around Watford City,” says Burthold. “The NDOF has a ripple effect that benefits every community within the consortium.”

Dr. Myers said the process of securing the financing and closing on the purchase was effortless.

“Not many words can express my gratitude to LCD Group. They made the financing a reality,” Dr. Myers said. “There was nothing I could have asked for more than the ability to continue serving the community and families of Watford City.”

Looking to the future, Myers and his team are planning to add more services and opportunities while also providing greater access to more natural health procedures and modalities that are usually only accessible in larger cities.

“We look forward to being able to serve our community in even better ways moving forward,” Dr. Myers notes. “And we are able to do this here in Watford City because of support from the North Dakota Opportunity Fund.”

Learn More: Click here to learn more about the North Dakota Opportunity Fund.