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CPA Smith South LLC

Sanford, FL · Offices of Certified Public Accountants · NAICS 541211

CPA Smith South LLC is an office of certified public accountants located in Sanford, Florida. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,126,500, approved by Gulf Coast Bank and Trust Company on February 8, 2024.

SBA 7(a) loan, change of ownership, approved Feb 8, 2024

$1,126,500 approvedLender: Gulf Coast Bank and Trust Company15 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,126,500
SBA-guaranteed amount
$844,875 (75% of the approval)
Lender
Gulf Coast Bank and Trust Company, New Orleans, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
15 years (180 months)
Estimated maturity
February 8, 2039 (estimated, approval date plus term)
Estimated monthly payment
$12,627 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
541211, Offices of Certified Public Accountants
Project location
Seminole County, FL
SBA district office
North Florida District Office
Congressional district
FL-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 51% 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 Florida: $1,808,559.

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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