Main Street Registry

Bakken Newton & Associates, LLC

Marion, MA · Offices of Certified Public Accountants · NAICS 541211

Bakken Newton & Associates, LLC is an accounting firm located in Marion, Massachusetts, in the offices of certified public accountants industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1,428,000, approved on April 5, 2024, by United Midwest Savings Bank National Association.

SBA 7(a) loan, change of ownership, approved Apr 5, 2024

$1,428,000 approvedLender: United Midwest Savings Bank National Association10 years termPaid in fullLoan details
Gross approval
$1,428,000
SBA-guaranteed amount
$1,071,000 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
April 5, 2034 (estimated, approval date plus term)
Estimated monthly payment
$19,469 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 25, 2024
Loan status
Paid in full
Jobs supported
6
Business type
Corporation
NAICS
541211, Offices of Certified Public Accountants
Project location
Plymouth County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 64% of acquisition loans in Offices of Certified Public Accountants on this site.
  • Average acquisition loan in Offices of Certified Public Accountants: $1,327,217.
  • Average acquisition loan in Massachusetts: $1,643,977.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Massachusetts