Melissa Tax LLC
Melissa Tax LLC is a tax preparation services business located in New York, NY, classified under NAICS code 541213. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $797,000, from The Huntington National Bank, with approval dated February 7, 2024.
SBA 7(a) loan, change of ownership, approved Feb 7, 2024
$797,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $797,000
- SBA-guaranteed amount
- $597,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 7, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,092 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 541213, Tax Preparation Services
- Project location
- New York County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 41% of acquisition loans in Tax Preparation Services on this site.
- Average acquisition loan in Tax Preparation Services: $1,139,170.
- Average acquisition loan in New York: $1,771,512.
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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