
FUNERAL HOME SBA 7(a) LOANS
The SBA 7(a) loan is a preferred financing option for businesses in the Funeral Home Industry due to its flexibility and favorable terms. Whether you're establishing a new funeral home, expanding your services, or upgrading your facilities, this program provides essential benefits tailored to support your business:
Longer Repayment Terms
The SBA 7(a) program offers extended repayment options, with terms up to 10 years for working capital, equipment, and other business uses, and up to 25 years for real estate purchases. Loans under 15 years can be prepaid anytime without penalties. For loans over 15 years, penalties apply for paying off more than 25% within the first three years: 5% in year one, 3% in year two, and 1% in year three. After three years, all loans are penalty-free.
Competitive Interest Rates
Save on financing with the competitive interest rates of SBA 7(a) loans. Thanks to a government-backed guarantee, we can deliver more affordable rates than typical business lenders.
Lower Down Payments
The government guaranty also enables small business owners to secure financing with lower down payments compared to traditional business loans, typically up to 20% of the total project cost but in some cases as low as 0%.
Flexible Use of Funds
The SBA 7(a) loan program is widely regarded as a top choice for small businesses due to its unmatched flexibility. Unlike many traditional loans that impose strict limitations, 7(a) loans empower businesses to meet a variety of financial needs, making them versatile for nearly any business purpose or stage of growth.
What Can SBA 7(a) Do for Your Funeral Home?
Our SBA 7(a) loans help funeral homes invest in the most critical areas of their business. Whether you're focused on upgrading facilities, enhancing services, or managing daily operations, we provide the capital you need to succeed.
Facility Expansions & Renovations
Expand your funeral home or remodel existing spaces to create a more comforting environment for families.
Equipment & Fleet
Invest in new hearses, limousines, or cremation equipment, or upgrade your technology to improve operational efficiency.
Real Estate
Purchase or refinance property to secure the ideal location for your funeral home, providing a solid foundation for growth.
Working Capital
Manage daily expenses like payroll, supplies, and marketing with ease, ensuring smooth operations for your business.
Debt Refinancing
Consolidate existing loans into a single, more manageable payment, often with better terms, reducing your financial burdens.
Solutions for Every Stage of Your Funeral Home's Growth
Whether you're starting your funeral home, expanding, or preparing for succession, our SBA 7(a) loans are designed to support your business at every stage.