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Choi & Associates P.C.

San Diego, CA · Tax Preparation Services · NAICS 541213

Choi & Associates P.C. is a tax preparation services business located in San Diego, California, classified under NAICS code 541213. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,281,000 approved through First Business Bank on November 19, 2024.

SBA 7(a) loan, change of ownership, approved Nov 19, 2024

$1,281,000 approvedLender: First Business Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,281,000
SBA-guaranteed amount
$960,750 (75% of the approval)
Lender
First Business Bank, Madison, WI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
November 19, 2034 (estimated, approval date plus term)
Estimated monthly payment
$17,465 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 9, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
541213, Tax Preparation Services
Project location
San Diego County, CA
SBA district office
San Diego District Office
Congressional district
CA-52
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 72% of acquisition loans in Tax Preparation Services on this site.
  • Average acquisition loan in Tax Preparation Services: $1,139,170.
  • 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