Proven Financial Services, LLC
Proven Financial Services, LLC is a business in Woods Cross, Utah, classified under the industry Other Accounting Services (NAICS 541219). The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,395,000, approved on November 11, 2023 by United Midwest Savings Bank National Association.
SBA 7(a) loan, change of ownership, approved Nov 11, 2023
$2,395,000 approvedLender: United Midwest Savings Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,395,000
- SBA-guaranteed amount
- $1,796,250 (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
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 11, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $32,653 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 30, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 541219, Other Accounting Services
- Project location
- Utah County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Other Accounting Services on this site.
- Average acquisition loan in Other Accounting Services: $1,284,062.
- Average acquisition loan in Utah: $1,761,092.
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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