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Cadre CPAs and Advisors LLP

Kannapolis, NC · Offices of Certified Public Accountants · NAICS 541211

Cadre CPAs and Advisors LLP, located in Kannapolis, NC, operates in the offices of certified public accountants industry (NAICS 541211). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,345,900, approved on June 21, 2024, by The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Jun 21, 2024

$1,345,900 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,345,900
SBA-guaranteed amount
$1,009,425 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
June 21, 2034 (estimated, approval date plus term)
Estimated monthly payment
$17,973 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
LLC or partnership
NAICS
541211, Offices of Certified Public Accountants
Project location
Cabarrus County, NC
SBA district office
North Carolina District Office
Congressional district
NC-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 62% 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 North Carolina: $1,952,444.

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 North Carolina