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Dedicated SBA Lending for Accounting & Tax Professionals

 

At United Midwest Savings Bank, accounting and tax firm financing isn’t just something we do — it’s a core focus. We’re proud to be one of the top SBA lenders in the nation. In the past several years, our team has closed over $400 million in loans specifically for accounting and tax professionals. 

Whether you're acquiring a CPA firm, expanding your footprint, or refinancing for better terms, our SBA lending team offers a smooth, fast, and efficient loan process tailored for professionals like you. Our team has decades of combined experience and works exclusively with accounting and tax clients. 

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Why United Midwest for Your
Accounting or Tax Firm Loan?

 

  • Industry-Specific Expertise: We speak your language and understand firm valuations, transition planning, and partner buyouts.
  • Lending in all 50 States: We combine the personal service of a community bank with the nationwide reach of a top SBA lender.
  • Fast, Streamlined Closings:  As an SBA Preferred Lending Partner (PLP), we approve and close loans in-house, saving you time.
  • No Hidden Traps: No covenants, no balloon payments, and no call provisions. Just straightforward financing designed for your success. 
  • Flexible Terms: Up to $5 million in SBA financing with terms from 10 to 25 years and up to 100% financing in select cases. 

We've helped firms across the country secure the financing they need to grow, expand, transition, and thrive. Let our specialized team help you finance your next chapter — with confidence.

Episode 2 Now Streaming: The General Ledger– Conversations About Financing


Episode 2: In this episode of The General Ledger, Shannon Hay, Senior Vice President at United Midwest Savings Bank, welcomes Troy Patton of Patton and Associates for an in-depth discussion on firm valuations and their critical role in today’s accounting industry.

Together, they break down the factors that influence valuations, common challenges CPA firms face, and strategies to maximize value before a sale or transition. Key topics include:

  • The importance of valuations for CPA firms and why many lack in-house expertise
  • Understanding cash flow, debt service, and how rising interest rates impact valuations
  • Types of buyers and how they shape firm value
  • Strategies to increase valuation before selling a practice
  • Maximizing firm value through utilization and realization
  • Seller discretionary earnings and what multiples look like in today’s market
  • The growing influence of private equity on firm valuations
  • Risks of carry-forward equity and what sellers should know
  • The role of valuations in SBA transactions and why lenders require them
  • Enhancing firm profitability through additional services and partnerships

Troy draws from decades of experience providing 20–25 valuations per month nationwide, ranging from estate planning and divorce to buy-sell agreements and litigation support. Shannon provides perspective from the SBA lending side, connecting valuations to financing strategy and firm growth.

Whether you’re a CPA, an EA, a firm owner planning succession, or a buyer navigating today’s market, this conversation offers practical insights into why valuations matter and how to approach them strategically.

 

Previous Podcast Episodes

The General Ledger|Episode 1

In the first episode of The General Ledger, Shannon Hay (SVP, Commercial Lending) and Weston Holley (VP, Commercial Lending) take a closer look at what’s driving today’s accounting firm acquisitions. They answer one of the most common questions in the market and share their perspective on the types of buyers, deal structures, and SBA policies shaping transactions right now.

Partnership with Accounting Practice Exchange

 

Two men in suits are talking intently, having a conversation in an office setting.

As the exclusive lending sponsor of Accounting Practice Exchange, we’re the trusted financing partner for buyers and sellers nationwide. Explore the partnership and see how we streamline the path from listing to ownership.

Accounting Practice Exchange

FAQ

  • In a word: experience. By focusing on SBA Lending, we're not just an efficient lender, but also a knowledgeable resource. We’re more than willing to spend the time to discuss your financing options and help you find the best financing solution for your business. With United Midwest you get the personal attention you expect from a community bank with the expertise and reach of a national lender.
  • Many traditional banks only want to consider loans to businesses that can provide tangible collateral to secure their loans. Unfortunately, traditional banks do not take into consideration the underlying value of your firm, income stream, and expect you to have commercial real estate or other assets to pledge as collateral. An SBA loan from United Midwest can be a great solution for people looking to finance a business acquisition in which there isn’t much, or any, tangible collateral.
  • Yes! We are a national bank, not a broker. United Midwest Savings Bank lends to businesses in all 50 states.
  • As an SBA PLP lender, United Midwest can have your loan approved in a matter of days, not weeks, and closed in under 30 days. This is often even faster than a conventional business loan.
  • The repayment term is 10 years with real estate loans up to 25 years. No pre-payment penalties. Interest rates on SBA 7a loans are variable and tied to Wall Street Journal Prime.
  • After filling out the application and providing information included on our checklist, loan approval decisions are then typically made in 4-5 business days. Approvals are often contingent upon additional information you may be asked to provide or other factors, but in many cases, you can expect to close on your approved loan within 30 days.
  • United Midwest services your SBA loan from the day it closes to the day it's paid off. We're available to answer any questions or concerns you may have throughout the life of your loan.
  • There are no loan covenants with an SBA loan, but, as with any business loan, you will be asked to provide annual tax returns and a personal financial statement.
  • SBA loan proceeds can be used for any business purpose. Typical uses of funds include business acquisitions, owner-occupied commercial real estate acquisitions or refinance, equipment and inventory purchases, or general working capital needs.

My go-to for financing

Shannon Hay is my go-to resource when it comes to M&A and financing options for accounting firms. He’s available to answer any questions or concerns about the entire loan application process. Shannon’s attention to detail, investment in the client relationship, and willingness to go the extra mile is why I refer accounting firm owners who are seeking financing solutions.

- Loren Fogelman, Business Success Solution

Consistently exceeds expectations

Shannon Hay is the industry's leading expert nationwide. Shannon seamlessly blends unmatched knowledge, remarkable responsiveness, and an engaging personality, making him the go-to banker for successful accounting practice mergers and acquisitions. As a lawyer specializing in this industry, I've had the privilege of collaborating with Shannon on many transactions. If you're looking for a banker who knows everything and consistently exceeds expectations, Shannon is the one to call.

- Sara C. Sharp, SK&S Law Group LLP

Professional and efficient

I recently worked with Shannon his team to facilitate the purchase of an accounting practice, and the experience was nothing short of excellent. After a disappointing encounter with a different bank in my initial financing attempt, working with Shannon and his team was a breath of fresh air. They were professional and efficient. Shannon and his team's expertise and attention to detail were invaluable in guiding me through the whole process. Despite tight time constraints, Shannon and his team ensured that we not only closed on time but did so without any issues. Their commitment to delivering results and their support throughout the process made a world of difference. I’m grateful for their assistance and highly recommend their services to anyone seeking a dedicated and efficient banking team.

- Anton P. MBA, CPA, EA

Thank you

Thanks again for all of the help with everything within the past year. Your customer service and responsiveness are second to none.

- Ryan

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