Main Street Registry

Pro Taxes and Accounting P.C.

Harwood Heights, IL · Offices of Certified Public Accountants · NAICS 541211

Pro Taxes and Accounting P.C. is an accounting business located in Harwood Heights, Illinois, in the offices of certified public accountants industry. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,260,000 from PNC Bank, National Association, approved on December 15, 2023. The loan's term is 10 years.

SBA 7(a) loan, change of ownership, approved Dec 15, 2023

$1,260,000 approvedLender: PNC Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,260,000
SBA-guaranteed amount
$945,000 (75% of the approval)
Lender
PNC Bank, National Association, Wilmington, DE
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, fixed
Term
10 years (120 months)
Estimated maturity
December 15, 2033 (estimated, approval date plus term)
Estimated monthly payment
$15,791 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 5, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
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
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 59% 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