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Sam Clark Funeral Home and Chapel, LLC

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

Sam Clark Funeral Home and Chapel, LLC is a funeral home and funeral services business located in Hiram, GA, 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 of $3,050,000, approved on November 7, 2023 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Nov 7, 2023

$3,050,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,050,000
SBA-guaranteed amount
$2,287,500 (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
9.35%, variable
Term
25 years (300 months)
Estimated maturity
November 7, 2048 (estimated, approval date plus term)
Estimated monthly payment
$26,330 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 16, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Paulding County, GA
SBA district office
Georgia District Office
Congressional district
GA-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 82% 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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Same industry in Georgia