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Lonnie A Carter Funeral Home Inc

Winder, GA · Funeral Homes and Funeral Services · NAICS 812210

Lonnie A Carter Funeral Home Inc is a funeral home and funeral services business located in Winder, Georgia, classified under NAICS code 812210. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,690,000, approved on August 16, 2024, through Live Oak Banking Company, and the loan reports 8 jobs.

SBA 7(a) loan, change of ownership, approved Aug 16, 2024

$1,690,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,690,000
SBA-guaranteed amount
$1,267,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
August 16, 2049 (estimated, approval date plus term)
Estimated monthly payment
$15,060 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Barrow County, GA
SBA district office
Georgia District Office
Congressional district
GA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 50% 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 Georgia: $2,017,638.

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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