Faithful Heritage Holdings, Inc.
Faithful Heritage Holdings, Inc. is a business in Tampa, Florida, classified in the cemeteries and crematories industry. It was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,455,000 approved by FDIC - Community Bank & Trust-West Georgia on December 9, 2024.
SBA 7(a) loan, change of ownership, approved Dec 9, 2024
$1,455,000 approvedLender: FDIC - Community Bank & Trust-West Georgia25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,455,000
- SBA-guaranteed amount
- $1,091,250 (75% of the approval)
- Lender
- FDIC - Community Bank & Trust-West Georgia, LaGrange, GA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 9, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $12,966 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 80
- Business type
- Corporation
- NAICS
- 812220, Cemeteries and Crematories
- Project location
- Hillsborough County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Cemeteries and Crematories: $987,040.
- Average acquisition loan in Florida: $1,808,559.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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