Borrowing Money for Funeral Homes and Funeral Services

Looking for small business loans for funeral homes and funeral services? Talk to a banker who works with the SBA. This $864,200 funeral homes and funeral services loan was issued by an Iowa bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Gateway State Bank, out of Clinton, Iowa. The loan was granted and they received $864,200 to help grow their Clinton, Iowa business.

SBA Loan Borrower

COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES
CLINTON, IA 52732

SBA Loan Lender

GATEWAY STATE BANK
1427 N 2ND ST
CLINTON, IA 52732

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

7/29/2005

Loan Approval Gross Amount

$864,200

Loan Approval from the SBA

Of the total $864,200 loan amount, the SBA guaranteed $648,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Clinton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - Friends and Family

Best Clinton, Iowa Banks for Small Business

Iowa SBA Bank Lenders