Raising Money for Funeral Homes and Funeral Services

Looking for business loans for funeral homes and funeral services? Talk to a banker who works with the SBA. This $1,084,000 funeral homes and funeral services loan was issued by a Wisconsin bank.

This business knew how to go about getting a business bank loan. Based in Green Bay, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Baylake Bank, based in Sturgeon Bay, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES
GREEN BAY, WI 54304

SBA Loan Lender

BAYLAKE BANK
217 N 4TH AVE
STURGEON BAY, WI 54235

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

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

1/26/2000

Loan Approval Gross Amount

$1,084,000

Loan Approval from the SBA

Of the total $1,084,000 loan amount, the SBA guaranteed $749,911.

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 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,084,000 loan. Remember, you control your own destiny.

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.

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