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Wealth Compass Tax & Accounting Inc.

Carlsbad, CA · Other Accounting Services · NAICS 541219

Wealth Compass Tax & Accounting Inc. is a business in Carlsbad, CA, in the Other Accounting Services industry (NAICS 541219). The company was financed with an SBA 7(a) loan for a change of ownership, with an approved amount of $950,000 from Live Oak Banking Company, approved on November 13, 2024.

SBA 7(a) loan, change of ownership, approved Nov 13, 2024

$950,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$950,000
SBA-guaranteed amount
$712,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.91%, variable
Term
10 years (120 months)
Estimated maturity
November 13, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,507 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 22, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
541219, Other Accounting Services
Project location
San Diego County, CA
SBA district office
San Diego District Office
Congressional district
CA-49
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 49% of acquisition loans in Other Accounting Services on this site.
  • Average acquisition loan in Other Accounting Services: $1,284,062.
  • Average acquisition loan in California: $1,688,228.

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 California