Main Street Registry

Lester & Ruby Memorial Home, Inc.

Jamesburg, NJ · Funeral Homes and Funeral Services · NAICS 812210

Lester & Ruby Memorial Home, Inc. is located in Jamesburg, NJ, and the SBA lists its industry as Funeral Homes and Funeral Services. It was approved for an SBA 7(a) loan of $1,446,400 for a change of ownership on October 29, 2024.

SBA 7(a) loan, change of ownership, approved Oct 29, 2024

Gross approval
$1,446,400
SBA-guaranteed amount
$1,084,800 (75% of the approval)
Lender
The Bancorp Bank National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, fixed
Term
25 years (300 months)
Estimated maturity
October 29, 2049 (estimated, approval date plus term)
Estimated monthly payment
$11,164 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Middlesex County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-12
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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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Same industry in New Jersey