Getting an SBA Loan for Funeral Homes and Funeral Services

Looking for commercial loans for funeral homes and funeral services? An SBA loan may be just what you've been looking for. This $319,700 funeral homes and funeral services loan was issued by a Nebraska bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Nebraska City, Nebraska was able to borrow $319,700 from Heartland Community Bank. The SBA made the loan possible by guaranteeing $239,775 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES
NEBRASKA CITY, NE 68410

SBA Loan Lender

HEARTLAND COMMUNITY BANK
2214 SOUTH 11TH ST
NEBRASKA CITY, NE 68410

This lender issued this SBA bank 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

4/15/2005

Loan Approval Gross Amount

$319,700

Loan Approval from the SBA

Of the total $319,700 loan amount, the SBA guaranteed $239,775.

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 3 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Borrowing Money from Friends and Family

SBA 7A Lenders in Nebraska City, Nebraska

Getting an SBA Loan in Nebraska