Loans for Funeral Homes and Funeral Services

Looking for loans for funeral homes and funeral services? The SBA may be the answer. This $258,250 funeral homes and funeral services loan was issued by an Oklahoma bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Mccurtain County National Bank, out of Broken Bow, Oklahoma. The loan was granted and they received $258,250 to help grow their Broken Bow, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES
BROKEN BOW, OK 74728

SBA Loan Lender

MCCURTAIN COUNTY NATIONAL BANK
20 N PARK DR
BROKEN BOW, OK 74728

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7261 - Funeral Service and Crematories

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

8/1/2003

Loan Approval Gross Amount

$258,250

Loan Approval from the SBA

Of the total $258,250 loan amount, the SBA guaranteed $193,688.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Mccurtain County National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Getting a Small Business Loan

Small Business Banks in Broken Bow, Oklahoma

SBA Oklahoma Banks