Main Street Registry

Cummings & Company, PC

Page, AZ · Offices of Certified Public Accountants · NAICS 541211

Cummings & Company, PC is located in Page, AZ, and the SBA lists its industry as Offices of Certified Public Accountants. It was approved for an SBA 7(a) loan of $1,031,000 for a change of ownership on May 6, 2024.

SBA 7(a) loan, change of ownership, approved May 6, 2024

Gross approval
$1,031,000
SBA-guaranteed amount
$773,250 (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
11%, variable
Term
10 years (120 months)
Estimated maturity
May 6, 2034 (estimated, approval date plus term)
Estimated monthly payment
$14,202 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
541211, Offices of Certified Public Accountants
Project location
Coconino County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-01
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 Arizona