Accountants & Business Advisors
Company: Accountants & Business Advisors, LLC (“ABA” or “Company”)
Financing Amount: $4,000,000
Financing Structure: $4,000,000 Small Business Administration (SBA) Term Loan
Financing Date: July 28, 2023
About the Company
ABA is a national firm that provides a local-like service. Their team of advisors and tax accountants is dedicated to understanding the individual needs, markets, and circumstances of every client we serve. Through regular meetings at our clients’ places of business and constant communication via phone and email, our team is available at all times to help our clients analyze, plan, implement, and evaluate every financial decision.
The ABA team draws on experience dating back to the 1980s. Over these nearly 40 years, their professionals have provided financial advice, business planning, and tax return preparation services to thousands of clients in all 50 states. While proud of the quality service, the relationships ABA have built with their clients, and the extraordinary results for which they are known, ABA have no plans to slow down. At ABA, the team prides themselves on the industry-specific and specialized knowledge the advisors provide. No matter the industry, their clients can be confident that they are supported by a team that understands their needs and recognizes the trends, challenges, and opportunities that shape their industries.
Situation
In order to properly secure financing for the acquisition, the Alantes Corporate Finance team needed to orchestrate the intricacies of an optimal structure, diligently navigating the landscape of financial structuring and negotiations to ensure the optimal funding solution for these acquisition objectives. It was crucial for Alantes to find the right funding source that understood both company operations in addition to the industries in order to provide both financing and scalability as the company continued to grow.
Solution
Alantes was able to secure a $4,000,000 Small Business Administration 7(a) Term Loan. The proceeds from this financing initiative was instrumental in facilitating the strategic acquisition of Accountants & Business Advisors, LLC. Dr. King McCray Sr., the visionary owner of McCray Enterprises and Associates, LLC, emphasized the importance of this transformative endeavor, stating, “This acquisition is a testament to our dedication to growth and innovation. It paves the way for us to enhance our service offerings and further empower our clients through the synergy created with Accountants & Business Advisors, LLC.”
About Alantes
Alantes Corporate Finance (“Alantes”) specializes in capital raises and strategic advisory for small to middle market businesses across the nation. Our team prides itself on our ability to provide unique solutions for all of your business needs. Whether you’re looking to acquire a new company or additional working capital for operations, Alantes is your trusted source for business growth and expansion. Our multi-faceted approach allows us to craft creative solutions that adds value at the most critical junctures so you can focus your resources on core business activities.
For more information on this transaction, contact Alantes Corporate Finance at info@alantes.com
Alantes Corporate Finance, LLC
234 5th Avenue, 2nd Fl
New York, NY 10001
www.alantes.com
