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Financing for CPAs—designed to help you succeed

Bank of America offers a full range of financing options for CPAs, including the critical knowledge you need to establish and develop your practice. We work with CPAs all across the country, so we know what it takes to manage your business in the most efficient, cost-effective way.

  • Show Practice sales and purchases

    Purchase your own practice—with financing up to $2,000,000

    Purchasing your own practice is something you may do just once in your lifetime. That's why you need to work with someone who can make it as easy as possible from start to finish.

    We offer resources you can use to analyze your planned purchase—including location, client base, fee structure and more. Together we'll review a variety of financial options for helping you meet your goals.Footnote 1 Our resources include:

    • Customized loan amounts that meet your financing needs plus additional working capital
    • Interest-only options that let you make lower payments while you adjust to ownership
    • Competitive terms to keep payments low and affordable
    • Fixed-rate terms to meet your specific needs
    • The ultimate in flexibility and control with principal reduction and early payoff options
    • The funds you need up to $2,000,000
    • Purchase and real estate combination loans that simplify your financial life
  • Show Owner-occupied commercial real estate

    Purchase or refinance the building that’s right for you

    When leasing space isn't the best option, it may be time to consider buying or relocating to your own building.

    We offer a complete suite of real estate loan products including first mortgages, refinancing and more. We'll customize a financing solution that meets the specific needs of your firm. Our financing programsFootnote 1 include:

    • Loans up to $5 million
    • Conventional loans with simple applications and short approval times
    • Interest-only payments available while you adjust to ownership
    • Competitive terms to keep payments low and affordable
    • Demographic Site Analysis to help you select the ideal location and attract the patient base you wantFootnote 2
    • The ultimate in flexibility and control with principal reduction and early payoff options
  • Show Improvement, expansion and relocation

    It's a big decision—relax, we're here to help you every step of the way

    The professional and financial rewards of expanding or remodeling your practice can be well worth the effort—especially when you have our professional practice financing experts on your team.

    We can help you locate reliable, reasonably priced sources for everything from equipment to software. We offer resources that may enable you to determine cost-effective methods for remodeling and expanding, and can discuss financing alternatives to help you achieve your dream of a more profitable practice—now and in the future.Footnote 1

    • Up to 100% financing for everything from architectural and design fees to renovations, construction, equipment and other project expenses—including tenant improvements
    • Interest-only payments available after completing your remodel or expansion
    • No payments during the draw period
    • Competitive terms to keep payments low and affordable
    • Fixed rates to suit your practice needs
    • Rate lock program that will protect you against potential interest rate changes through project build-out phase
    • Demographic Site Analysis to help you select the ideal location and attract the client base you wantFootnote 2
    • The ultimate in flexibility and control with principal reduction and early payoff options
    • A dedicated project manager resource to help get things done on time and within budget
  • Show Equipment purchases

    We make the process quick and easy

    When your equipment breaks down or becomes obsolete, you may need to replace it quickly. We understand. That's why in most equipment purchase situations no tax returns or financial statements are required. Even if you're not in a hurry, you'll appreciate the financial advice and assistance we can offer.

    We'll explain the tax benefits you can receive from depreciation and first-year write-offs—as well as the Section 179 tax implicationsFootnote 3—of qualifying equipment and software purchases. We'll even help you decide between leasing and buying. We offer a wide variety of financial options and flexible terms that will make upgrading your equipment easier than you ever imagined.

    • Comprehensive financing for everything from installation to training and equipment costs
    • Simple interest payoffs and principal reductions that put you back in control
    • Flexible payment structures to meet your needs

     

    Use our Equipment Loan Calculator to estimate monthly payments, return on investment and Section 179 tax benefits.

  • Show Practice debt consolidation

    Simplify your financial life

    Now you can leverage your professional equity to upgrade or expand, fund future growth, consolidate bills into one low monthly payment or improve your cash flow by lowering your overhead. We'll work with you to customize a plan that suits your income, debt level and plans for the future.Footnote 1

    • Sensible solutions at competitive rates
    • Customized loan amounts to meet your financing needs
    • Competitive terms to keep payment low and affordable
    • The ultimate in flexibility and control with principal reduction and early payoff options

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