Golden Torch Financial LLC
Golden Torch Financial LLC, located in Warwick, Rhode Island, 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 of $910,000, with Oconee State Bank as the lender and an approval date of August 14, 2025.
SBA 7(a) loan, change of ownership, approved Aug 14, 2025
$910,000 approvedLender: Oconee State Bank147 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $910,000
- SBA-guaranteed amount
- $682,500 (75% of the approval)
- Lender
- Oconee State Bank, Watkinsville, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 12 years, 3 months (147 months)
- Estimated maturity
- November 14, 2037 (estimated, approval date plus term)
- Estimated monthly payment
- $10,368 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 541211, Offices of Certified Public Accountants
- Project location
- Kent County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 34% 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 Rhode Island: $1,739,073.
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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