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Webb & Associates CPA LLC

Pompano Beach, FL · Offices of Certified Public Accountants · NAICS 541211

Webb & Associates CPA LLC, located in Pompano Beach, Florida, operates in the offices of certified public accountants industry (NAICS 541211). The company was financed with an SBA 7(a) loan for a change of ownership of $3.8 million, approved on November 30, 2023 by Live Oak Banking Company, with a 120-month term.

SBA 7(a) loan, change of ownership, approved Nov 30, 2023

$3,800,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
Gross approval
$3,800,000
SBA-guaranteed amount
$2,850,000 (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 30, 2033 (estimated, approval date plus term)
Estimated monthly payment
$47,115 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 18, 2023
Loan status
Paid in full
Jobs supported
2
Business type
Corporation
NAICS
541211, Offices of Certified Public Accountants
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-20
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 98% 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 Florida: $1,808,559.

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 Florida