May & Wood, PC
May & Wood, PC is located in San Mateo, CA, and the SBA lists its industry as Offices of Certified Public Accountants. It was approved for an SBA 7(a) loan of $832,600 for a change of ownership on December 16, 2024.
SBA 7(a) loan, change of ownership, approved Dec 16, 2024
- Gross approval
- $832,600
- SBA-guaranteed amount
- $624,450 (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
- 8.57%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,354 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- 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)
- Larger than 27% 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 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in California
- Karmin E. Huber, Gold River
- Morse CPA Group, P.C., Sacramento
- Farzan & Farzan, an Accountancy Corporation, Los Angeles
- Legacy Park Advisors, San Diego
- Trojan and Company Accountancy Corporation, Los Alamitos
- Villard CPA Group, Apc, San Diego
- The Fork CPAs, Santa Monica
- Clear Oak Advisory PC, Emeryville