Coffman Capital Inc.
Providing Accountants and CPA's with Working Capital Loans for their Accounting Practices.

CPA Practice Loan

Need Working Capital for your Practice? 

working capitalWhen you need the cash to grow your CPA or Accounting business, Coffman Capital is there to say YES! We provide up to $150,000 of additional working capital for your accounting business, unsecured, at around 8.5% interest for a term of 7 years with no prepayment penalty

  Minimum requirements for Working Capital Loan:

  • Existing CPA and Accountant Business only
  • FICO Credit Score of 640+ for amounts up to $100,000
  • FICO Score of 680+ for amounts $100,000-$150,000
  • Maximum Working Capital Loan Amount: Up to 30% of gross revenues for immediate past year reported on tax return; Minimum working capital loan is $50,000
  • Profit Requirement: Must have been profitable in prior tax year (can add-back depreciation and officer salary)
  • Term: 7 years full amortization
  • Interest Rates Vary depending on personal and business credit score and other factors. APR varies with fees not charged by Coffman Capital.
  • Prepayment Penalty: None
  • Auto Debit (EFT) Payments: Required  

Documentation and Information Required for Working Capital Loan:

  • Completed Express Loan Application with original blue ink signature - see Working Capital Application
  • Signed and dated Coffman Capital Agreement
  • 3 Months Business/Corporate Bank Statements
  • Articles of Incorporation & Bylaws of CPA or Accounting Practice (unless Sole Proprietor)
  • 2 Years Complete Business/Corporate Tax Returns
  • 2 Years Complete Personal Tax Returns
  • Current Interim Financial Statement (Income Statement/Profit & Loss and Balance Sheet) dated within 60 days of submission of Working Capital Loan Application
  • Form 4506-T signed and dated (please do not fill in other blanks) - see 4506-T
  • Copy of Applicant's Drivers License - required by Patriot Act
  • Signed Authorization to review credit report
COFFMAN CAPITAL INC
108 S. Bayview Blvd., Oldsmar, FL 34677
Copyright 2005-2016. All rights reserved.

 Coffman Capital provides loans and financing to CPA's, Accountants and other professionals for practice acquisition, practice startup, practice expansion, practice improvement, working capital, equipment leasing, debt consolidation and real estate. Coffman Capital works with accounting practice transition specialists, accounting practice sales brokers, and accounting practice management consultants to assist them in providing loans to CPA's and Accountants.