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Newberry Funeral Home, LLC

Karnes City, TX · Funeral Homes and Funeral Services · NAICS 812210

Newberry Funeral Home, LLC, located in Karnes City, Texas, operates in the funeral homes and funeral services industry (NAICS 812210). The business was financed with an SBA 7(a) loan for a change of ownership, approved for $2,865,600 by North Valley Bank with an approval date of July 2, 2026.

SBA 7(a) loan, change of ownership, approved Jul 2, 2026

$2,865,600 approvedLender: North Valley Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,865,600
SBA-guaranteed amount
$2,149,200 (75% of the approval)
Lender
North Valley Bank, Zanesville, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
July 2, 2051 (estimated, approval date plus term)
Estimated monthly payment
$23,075 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 21, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Karnes County, TX
SBA district office
San Antonio District Office
Congressional district
TX-15
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 80% 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 Texas: $1,944,682.

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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