Getting an SBA Loan for Funeral Homes and Funeral Services
Looking for commercial loans for funeral homes and funeral services? Try the SBA. This $832,000 funeral homes and funeral services loan was issued by a Kansas bank.
This business knew how to go about getting a business bank loan. Based in Eureka, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Emprise Bank, based in Iola, Kansas.
SBA Loan Borrower
COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES
EUREKA, KS 67045
SBA Loan Lender
EMPRISE BANK
1 W MADISON
IOLA, KS 66749
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.
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
7/9/2002
Loan Approval Gross Amount
$832,000
Loan Approval from the SBA
Of the total $832,000 loan amount, the SBA guaranteed $624,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Emprise 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:
Realistic Debt Financing Options
Small Business Banks in Iola, Kansas
SBA Kansas Banks