VFP Tax Services LLC
VFP Tax Services LLC is located in Montgomery, OH, and the SBA lists its industry as Tax Preparation Services. It was approved for an SBA 7(a) loan of $500,000 for a change of ownership on November 14, 2023.
SBA 7(a) loan, change of ownership, approved Nov 14, 2023
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- First Business Bank, Madison, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $6,958 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 15, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 541213, Tax Preparation Services
- Project location
- Hamilton County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Tax Preparation Services: $1,139,170.
- Average acquisition loan in Ohio: $1,840,340.
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 Ohio
- Roberts CPA Ohio LLC, Maumee
- Crestwood Tax & Advisory LLC, Newark
- JSL Accounting and Tax LLC, North Canton