Main Street Registry

Lake Norman Accountant

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

Lake Norman Accountant, located in Cornelius, North Carolina, operates in the industry of offices of certified public accountants. The business was financed with an SBA 7(a) loan for a change of ownership of $700,000, approved on February 4, 2025, through United Community Bank.

SBA 7(a) loan, change of ownership, approved Feb 4, 2025

$700,000 approvedLender: United Community Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$700,000
SBA-guaranteed amount
$525,000 (75% of the approval)
Lender
United Community Bank, Greenville, SC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
February 4, 2035 (estimated, approval date plus term)
Estimated monthly payment
$9,058 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
541211, Offices of Certified Public Accountants
Project location
Mecklenburg County, NC
SBA district office
North Carolina District Office
Congressional district
NC-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 19% 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