Loan Census Banking News and Information
May 4, 2024  
 
 
  Business Loan Information  
 

Eloy, Arizona Bank Loan

 

 
Loan Census SBA Loan Info

Where to Get Capital for Cemeteries and Crematories

Looking for small business loans for cemeteries and crematories? Try the SBA. This $1,031,500 cemeteries and crematories loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eloy, Arizona was able to borrow $1,031,500 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $749,993 of this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: CEMETERIES AND CREMATORIES
ELOY, AZ 85231

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812220 - Cemeteries and Crematories

Loan Approval Date

10/25/2000

Loan Approval Gross Amount

$1,031,500

Loan Approval from the SBA

Of the total $1,031,500 loan amount, the SBA guaranteed $749,993.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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