SBA 504 Loans for Funeral Homes
Funeral Homes Benefit from SBA 504 Loans
As the Baby Boomer generation continues to age, the demand for a wide range of businesses increases, including funeral homes. The industry has grown by a full 1% in the past three years, and is expected to generate a staggering $16 billion in 2018. This means that it could be a great time to grow your funeral home or cremation business.
Expanding a funeral home can be quite costly, but SBA 504 loans can offer financial help. These loans are designed with specific purposes in mind. For instance, they can be used to purchase and improve real estate. 504 loans can also be used to purchase existing buildings, or construct new ones. They can be used to purchase equipment, for certain soft costs, and for a few other things.
Finally, they can be used to modernize existing facilities and make them more efficient. Borrowers are also able to obtain up to $5 million (or more if you are interested in energy-related improvement projects).
We’re here to help you get the commercial financing you need. Simply fill out the form below for a risk-free consultation and a free SBA loan quote!