Loans for Funeral Homes and Funeral Services

Looking for loans for funeral homes and funeral services? An SBA loan may be just what you've been looking for. This $1,316,000 funeral homes and funeral services loan was issued by a Kansas bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Stockton National Bank, out of Stockton, Kansas. The loan was granted and they received $1,316,000 to help grow their Stockton, Kansas business.

SBA Loan Borrower

COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES
STOCKTON, KS 67669

SBA Loan Lender

STOCKTON NATIONAL BANK
123 N CEDAR
STOCKTON, KS 67669

This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began 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.

SIC Code

7261 - Funeral Service and Crematories

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

4/8/2005

Loan Approval Gross Amount

$1,316,000

Loan Approval from the SBA

Of the total $1,316,000 loan amount, the SBA guaranteed $987,000.

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 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Stockton National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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