The Howze Mortuary, Inc
The Howze Mortuary, Inc is located in Travelers Rest, SC, and the SBA lists its industry as Funeral Homes and Funeral Services. It was approved for an SBA 7(a) loan of $3,139,000 for a change of ownership on December 8, 2025.
SBA 7(a) loan, change of ownership, approved Dec 8, 2025
- Gross approval
- $3,139,000
- SBA-guaranteed amount
- $2,354,250 (75% of the approval)
- Lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 8, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $26,882 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 812210, Funeral Homes and Funeral Services
- Project location
- Greenville County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Funeral Homes and Funeral Services on this site.
- Average acquisition loan in Funeral Homes and Funeral Services: $1,957,192.
- Average acquisition loan in South Carolina: $1,827,509.
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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