Rooted Tax Group LLC
Rooted Tax Group LLC is located in Minneapolis, MN, and the SBA lists its industry as Offices of Certified Public Accountants. It was approved for an SBA 7(a) loan of $720,000 for a change of ownership on January 15, 2025.
SBA 7(a) loan, change of ownership, approved Jan 15, 2025
- Gross approval
- $720,000
- SBA-guaranteed amount
- $540,000 (75% of the approval)
- Lender
- First Resource Bank, Lino Lakes, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 15, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,317 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 541211, Offices of Certified Public Accountants
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-03
- 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 Minnesota: $1,482,119.
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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