Where to Get Capital for Funeral Homes and Funeral Services

Looking for SBA loans for funeral homes and funeral services? Try the SBA. This $1,660,062 funeral homes and funeral services loan was issued by a Texas bank.

Getting a small business loan in Jacksonville, Texas was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Austin Bank Texas, operating out of Jacksonville, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES
JACKSONVILLE, TX 75766

SBA Loan Lender

AUSTIN BANK TEXAS
200 E COMMERCE ST
JACKSONVILLE, TX 75766

This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

10/10/2001

Loan Approval Gross Amount

$1,660,062

Loan Approval from the SBA

Of the total $1,660,062 loan amount, the SBA guaranteed $999,994.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. This SBA loan request indicated that the loan would help create 4 new jobs.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Strategic Investors

SBA 7A Lenders in Jacksonville, Texas

Texas SBA Banks