Main Street Registry

CPATAX Accounting & Consulting LLC

Elk Grove Village, IL · Offices of Certified Public Accountants · NAICS 541211

CPATAX Accounting & Consulting LLC is a business in Elk Grove Village, Illinois, in the offices of certified public accountants industry. The company was financed with an SBA 7(a) loan for a change of ownership of $850,000, approved on January 30, 2024, through United Midwest Savings Bank National Association.

SBA 7(a) loan, change of ownership, approved Jan 30, 2024

$850,000 approvedLender: United Midwest Savings Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$850,000
SBA-guaranteed amount
$637,500 (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
11%, variable
Term
10 years (120 months)
Estimated maturity
January 30, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,709 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 9, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
541211, Offices of Certified Public Accountants
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 29% 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 Illinois: $1,796,780.

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 Illinois