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Sell/ Succession

You’ve worked hard to build and sustain your business. Oak Street Funding can help your legacy live on while you enjoy a well-earned retirement. Our succession loans allow incoming owners to borrow against the future fees of the practice. They provide ownership opportunities for CPA professionals and the possibilities of a continued legacy for exiting CPA owners.

A succession or management recapitalization loan can assist in the transition of the business to the next generation. It can also be used to buy out an existing partner to restructure the ownership and maintain stability.

CPA practices often rotate in new equity partners while others are exiting, typically due to retirement. In order to buy in or join the partnership, the employee needs to make an injection of equity into the practice’s capital account. Our loans may be customized for this purpose.

A typical phased approach is illustrated by the following example:

CPA Practice Resources


Your smartest investment may be technology

As accounting firms consider strategies for growing their business and increasing their scope, most will focus on the same familiar avenues. They might consider adding more professional or support staff. Another common thought is buying another firm in town or in a...

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The Next Wave

What’s going to happen in the world of CPA firm mergers & acquisitions? It is going to ramp up. Many Baby Boomers have already held on longer than they should, and there is a growing number of aging accounting practices with no succession plan of any kind. It is...

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SBA funding for CPAs may not be the best choice

A CPA practice ready to pursue a growth strategy will probably need some degree of outside funding. And since most CPA practices view themselves as small businesses, they may assume the best source is a Small Business Administration (SBA) loan obtained with the help...

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CPA Practice Events

    June 12-15 in Las Vegas
  • MICPA Management Info & Business Show
    June 18-29 in Novi

Learn More

To learn more about financing options for your business, please contact one of our knowledgable experts. We can answer any questions you may have, and suggest the best route for moving forward.

Email us below to begin the conversation.

Tina Nguyen, CPA

“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, and I received frequent updates regarding my loan status. I would definitely recommend Oak Street to others, and I look forward to working with them again in the future.”

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