Klemm & Associates, LLC
Klemm & Associates, LLC is an accounting firm in Ballwin, Missouri, classified under the industry of offices of certified public accountants. The business was financed with an SBA 7(a) loan for a change of ownership of $718,000, approved on December 6, 2023, through St. Louis Bank.
SBA 7(a) loan, change of ownership, approved Dec 6, 2023
$718,000 approvedLender: St. Louis Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $718,000
- SBA-guaranteed amount
- $538,500 (75% of the approval)
- Lender
- St. Louis Bank, St. Louis, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 6, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $9,992 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 8, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 541211, Offices of Certified Public Accountants
- Project location
- Saint Louis County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 20% 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 Missouri: $1,584,414.
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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