CPA Practice Expansion
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|Loan Status:||Current||Origination Date:||2010-09-24||EricsCC ROI:||5%|
|Sep 25, 2010||Current|
Purpose of loan:
This loan will be used as an initial down payment to purchase an existing CPA practice. My husband is a CPA and we have a wonderful opportunity to expand our business by purchasing a very stable practice that has been in business for 30 years. The seller of that practice is retiring and is willing to carry a note for some of the purchase price, as long as we can put down a decent deposit. We already have most of the deposit, but this loan will ensure we have the full deposit with a reserve to help cash flow until this next tax season when most of the revenue comes in.
My financial situation:
I am a good candidate for this loan because my husband and I have fantastic credit and strive to be good stewards of our finances. I am a Physical Therapist with a Master's Degree working in a very stable industry. My husband is a licensed Certified Public Accountant (CPA) who has worked for two large accounting firms and has now been on his own for a few years now. The purchase of this CPA practice will generate additional cash flow to secure our financial situation even more.