Main Street Registry

CPA Smith South LLC

Sanford, FL · Offices of Certified Public Accountants · NAICS 541211

CPA Smith South LLC is located in Sanford, FL, and the SBA lists its industry as Offices of Certified Public Accountants. It was approved for an SBA 7(a) loan of $1,126,500 for a change of ownership on February 8, 2024.

SBA 7(a) loan, change of ownership, approved Feb 8, 2024

Gross approval
$1,126,500
SBA-guaranteed amount
$844,875 (75% of the approval)
Lender
Gulf Coast Bank and Trust Company, New Orleans, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
15 years (180 months)
Estimated maturity
February 8, 2039 (estimated, approval date plus term)
Estimated monthly payment
$12,627 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
541211, Offices of Certified Public Accountants
Project location
Seminole County, FL
SBA district office
North Florida District Office
Congressional district
FL-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Florida