How to Get a Loan 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 $598,000 funeral homes and funeral services loan was issued by a Kansas bank.

This small business knew how to go about getting a business bank loan. Based in Louisburg, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Cornerstone Bank, based in Overland Park, Kansas.

SBA Loan Borrower

COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES
LOUISBURG, KS 66053

SBA Loan Lender

CORNERSTONE BANK
9120 W 135TH ST
OVERLAND PARK, KS 66221

This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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.

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

1/25/2005

Loan Approval Gross Amount

$598,000

Loan Approval from the SBA

Of the total $598,000 loan amount, the SBA guaranteed $448,500.

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 5 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $598,000. How would you spend $598,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

The Friends and Family Network

Who Lends Money to Small Businesses in Overland Park, Kansas

Getting a Business Loan in Kansas