Better Accounting Advisors LLC
Better Accounting Advisors LLC, located in North Chesterfield, VA, operates in the Other Accounting Services industry (NAICS 541219). The company was financed with an SBA 7(a) loan for a change of ownership totaling $663,500, approved on October 4, 2023 through Citizens Bank.
SBA 7(a) loan, change of ownership, approved Oct 4, 2023
$663,500 approvedLender: Citizens Bank99 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $663,500
- SBA-guaranteed amount
- $497,625 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 8 years, 3 months (99 months)
- Estimated maturity
- January 4, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $10,136 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 12, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 541219, Other Accounting Services
- Project location
- Chesterfield County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 19% of acquisition loans in Other Accounting Services on this site.
- Average acquisition loan in Other Accounting Services: $1,284,062.
- Average acquisition loan in Virginia: $1,860,760.
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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