Main Street Registry

May & Wood, PC

Burlingame, CA · Offices of Certified Public Accountants · NAICS 541211

May & Wood, PC is located in Burlingame, CA, and the SBA lists its industry as Offices of Certified Public Accountants. It was approved for an SBA 7(a) loan of $790,500 for a change of ownership on December 16, 2023.

SBA 7(a) loan, change of ownership, approved Dec 16, 2023

Gross approval
$790,500
SBA-guaranteed amount
$592,875 (75% of the approval)
Lender
U.S. Bank, National Association, Cincinnati, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.98%, variable
Term
10 years (120 months)
Estimated maturity
December 16, 2033 (estimated, approval date plus term)
Estimated monthly payment
$10,438 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
541211, Offices of Certified Public Accountants
Project location
San Mateo County, CA
SBA district office
San Francisco District Office
Congressional district
CA-14
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
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 California