Frimpong & Associates, LLC
Frimpong & Associates, LLC is located in Glastonbury, Connecticut, and operates in the offices of certified public accountants industry. The company was financed with an SBA 7(a) loan for a change of ownership of $675,000, approved on November 18, 2025 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Nov 18, 2025
$675,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $675,000
- SBA-guaranteed amount
- $506,250 (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
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 18, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,369 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 5, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 541211, Offices of Certified Public Accountants
- Project location
- Capitol County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in Offices of Certified Public Accountants on this site.
- Average acquisition loan in Offices of Certified Public Accountants: $1,327,217.
- Average acquisition loan in Connecticut: $1,992,959.
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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