Funeral Homes and Funeral Services SBA Loans

Looking for SBA loans for funeral homes and funeral services? Talk to a banker who works with the SBA. This $322,800 funeral homes and funeral services loan was issued by a Minnesota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in White Salmon (rr Name Bingen-W, Washington was able to borrow $322,800 from Stearns Bank. The SBA made the loan possible by guaranteeing $242,100 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES
WHITE SALMON (RR NAME BINGEN-W, WA 98672

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

1/10/2007

Loan Approval Gross Amount

$322,800

Loan Approval from the SBA

Of the total $322,800 loan amount, the SBA guaranteed $242,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in White Salmon (rr Name Bingen-W WA, you ought to talk with a local White Salmon (rr Name Bingen-W SBA lender or talk with an out-of-area SBA lender that has previously loaned money to White Salmon (rr Name Bingen-W 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 $322,800 loan. Remember, where there is a will, there is a way!

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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