Offices of Certified Public Accountants acquisitions in Washington: SBA loan data
Since FY2018, SBA lenders have approved 21 7(a) loans to buy an existing business classified as Offices of Certified Public Accountants in Washington, totaling $22.4M. The median loan was $415,000. That is 1.0% of the 2,006 acquisition loans in Washington.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Offices of Certified Public Accountants loan in Washington is 39% lower than the $675,000 median for all Washington acquisitions, and 16% lower than the $495,000 median for Offices of Certified Public Accountants acquisitions nationwide (620 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 2.9% of seasoned Offices of Certified Public Accountants acquisition loans were charged off, and 3.4% of seasoned Washington acquisition loans of any type.
Offices of Certified Public Accountants acquisition loans in Washington by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 5 | $8.1M | $643,800 | |
| FY2021 | 11 | $10.5M | $400,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $300K | $300,000 | |
| FY2024 | 1 | $293K | $292,500 | |
| FY2025 | 2 | $2.8M | $1,375,000 | |
| FY2026 | 1 | $415K | $415,000 |
How often do these acquisition loans fail?
Fewer than 20 Offices of Certified Public Accountants in Washington acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 9 | 42.9% | $14.3M | |
| 2 | Heritage Bank | 4 | 19.0% | $4.3M | |
| 3 | KeyBank National Association | 2 | 9.5% | $272K | |
| 4 | Byline Bank | 1 | 4.8% | $1.6M | |
| 5 | BMO Bank National Association | 1 | 4.8% | $644K |
Top franchise brands
No franchise brands recorded in this combination.
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Offices of Certified Public Accountants acquisitions in Washington run?
The median SBA 7(a) loan was $415,000 across 21 loans (FY2018 to FY2026), with the middle half between $300,000 and $1,615,000. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Offices of Certified Public Accountants acquisitions in Washington?
Live Oak Banking Company (9), Heritage Bank (4), KeyBank National Association (2), Byline Bank (1), BMO Bank National Association (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Offices of Certified Public Accountants acquisition loans fail in Washington?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Offices of Certified Public Accountants acquisitions in Washington?
None of the 21 loans in this combination were recorded with a franchise brand.
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Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Washington acquisitions
- Financing one? How to get an SBA loan to buy a CPA firm
- Offices of Certified Public Accountants nationally
- Offices of Certified Public Accountants in Florida
- Offices of Certified Public Accountants in California
- Offices of Certified Public Accountants in Texas
- Offices of Certified Public Accountants in North Carolina
- Offices of Certified Public Accountants in Illinois
- Offices of Certified Public Accountants in Ohio
- Offices of Certified Public Accountants in Colorado
- Offices of Certified Public Accountants in Indiana
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Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.