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Poe Funeral & Cremation Services, LLC

Charlotte, NC · Funeral Homes and Funeral Services · NAICS 812210

Poe Funeral & Cremation Services, LLC is a funeral home and funeral services business in Charlotte, North Carolina. The company was financed with an SBA 7(a) loan for a change of ownership of $4.85 million, approved on September 10, 2026, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Sep 10, 2026

$4,850,000 approvedLender: Live Oak Banking Company15 years termCommitted, not fully disbursedLoan details
Gross approval
$4,850,000
SBA-guaranteed amount
$3,637,500 (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
7.75%, variable
Term
15 years (180 months)
Estimated maturity
September 10, 2041 (estimated, approval date plus term)
Estimated monthly payment
$45,652 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
8
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Mecklenburg County, NC
SBA district office
North Carolina District Office
Congressional district
NC-12
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 98% 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 North Carolina: $1,952,444.

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 North Carolina