CPA PRACTICE

We’ll Get You There
The process was really well done. I was very pleased. I didn’t know I would need to borrow money, since the need came up late in the game, so the turnaround time was impressive. – Doug McVey
Oak Street Funding has financed two loans for me, and we were able to close both within 30 days. I was very happy with the level of customer service provided by the team. I would definitely recommend Oak Street to others. – Tina Nguyen, CPA

INTRODUCTION

As a CPA, you are a part of one of the most trusted and ethical professions, and your clients rely on you to help them achieve fiscal responsibility and you work tirelessly with them to analyze their assets and navigate the countless rules and regulations.  You help them achieve their dreams.  But don’t forget about your own. What are your goals? Do you want to:

  • Enhance your clients’ experience with better service or more options?
  • Challenge your professional growth?
  • Retire comfortably by 2030?
  • Be your own boss?

Oak Street Funding can help you achieve your goals with a loan to propel your business.  With an infusion of capital, you can leverage the funds to gain a competitive advantage, build a legacy, and ignite future success. We’ll get you there.

CPA PRODUCTS

ACQUISITION

With an anticipated 41% of CPA firms planning to acquire another firm this year*, there is no denying that acquisitions are a great way to increase practice growth beyond organic means. Acquisition loans can be used to:

  • Purchase another practice’s business
  • Expand into new markets
  • Quickly increase enterprise value
  • Purchase stock or ownership interest


Whate
ver your acquisition plans, we’ll get you there.

*The 2017 INSIDE Public Accounting Benchmarking report
SUCCESSION

Over a quarter (28%) of firms plan to retire at least one partner this year.* Existing owners can ensure your legacy will continue as you enter retirement, and new partners can afford to buy-in with a succession loan. Succession loans can be used to:

  • Transition the practice to the next generation
  • Buy out an existing partner
  • Avoid tapping into practice assets

We use a phased approach for succession loans:

How it works:

  1. The practice obtains the succession loan
  2. Loan proceeds are used by incoming ownership to repurchase the existing ownership interest
  3. Equity is redistributed among succession owners
  4. Loans can be structured as a one-time event or a multiple-year transaction

Whatever your succession plans, we’ll get you there.

*The 2017 INSIDE Public Accounting Benchmarking report
WORKING CAPITAL

92% of firms expect to add FTE staff over the next several years.* Your CPA practice has working capital needs, and a loan can help give you the boost you need to continue to provide exceptional service to your clients.

  • Working capital loans can be used to:
  • Launch an new initiative
  • Invest in a marketing strategy
  • Automate client services or upgrade technology
  • Hire additional staff or train existing staff
  • Purchase a new office or update your current space

Whatever your working capital needs, we’ll get you there.

*The 2017 INSIDE Public Accounting Benchmarking report
BUSINESS DEBT RESTRUCTURE
A debt restructuring loan can consolidate existing loans, reduce debt obligations, clean up your balance sheet, and improve liquidity.

  • Debt restructure loans can be used to:
  • Pay off a bank lien or seller’s note
  • Free up revolving business lines of credit
  • Qualify for additional borrowing
  • Achieve more favorable financing

Whatever your debt restructure needs, we’ll get you there.

BREAKAWAY
Accountants can gain great experience from a public accounting firm, but for you, the dream of starting your own practice, the opportunity to lead, and the independence beckons. A breakaway loan can help new business owners achieve their dreams. Breakaway loans can be used to:

  • Build new operations
  • Invest in an office, technology, and outsourced support
  • Recruit employees

Whatever your breakaway needs, we’ll get you there.

CPA PRACTICE LEADERSHIP

Kirsten Petras

Kirsten Petras

Executive Director of Strategic Markets Sales

Phone: 317-428-5156

Email:
Contact Kirsten

Brian Henson

Brian Henson

Director of Strategic Markets Underwriting

Phone: 317-428-3843

Email: 
Contact Brian

Bruce Warren

Bruce Warren

VP of Strategic Markets Sales

Phone: 317-428-3829


Email:

Contact Bruce

Adam Farag

Adam Farag

VP of Strategic Markets Sales

Phone: 317-814-2671


Email:
 
Contact Adam

EVENTS

CPA Events
  • Texas CPA Expo December 7-8, Houston, TX
Learn More
To learn more about financing options for your business, please contact one of our knowledgeable experts. We can answer any questions you may have, and suggest the best route for moving forward. Email us below to begin the conversation.

FEATURED BLOGS

Mandatory buyouts: when it’s time for a partner to go

We all like to think that we’ll know when it’s time for us to walk away from work for good. In fact, many of us are so eager for the things we’ll be able to do when we retire that we look forward to it. Some obligatory lunches with longtime colleagues, transition...

Should you finance buyouts with capital or outside financing?

Traditionally, when a partner of a CPA practice is ready to walk away for retirement (or is being eased out the door), the other partners have essentially shared the financial burden by dipping into the practice’s capital and at least temporarily reducing the value of...

How to get in on conversations about succession

It’s been said that if you don’t make a plan, the world will make one for you. That’s especially true when it comes to your career. If you don’t approach your work with goals and a way to get there, you’re leaving the future in the hands of your employer and the...

Recruiting: tactics for adding talent

The business community’s appreciation for the value of what CPAs know has increased in recent years. That’s great news, except for those responsible for finding and hiring CPAs. With so many companies eager to put that financial brainpower to work, a highly qualified...

Have questions? Talk with our experts for more information.