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Titan Tax Solutions PC

Dearborn, MI · Offices of Certified Public Accountants · NAICS 541211

Titan Tax Solutions PC is an accounting business in Dearborn, Michigan, in the offices of certified public accountants industry (NAICS 541211). The company was financed with an SBA 7(a) loan for a change of ownership of $1,535,000, approved on September 5, 2024, through United Midwest Savings Bank National Association.

SBA 7(a) loan, change of ownership, approved Sep 5, 2024

$1,535,000 approvedLender: United Midwest Savings Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,535,000
SBA-guaranteed amount
$1,151,250 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
September 5, 2034 (estimated, approval date plus term)
Estimated monthly payment
$20,713 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
541211, Offices of Certified Public Accountants
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 71% 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 Michigan: $1,645,728.

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 Michigan