Texas Memorial Holdings LLC
Texas Memorial Holdings LLC is a cemeteries and crematories business located in Hitchcock, Texas. It was financed with an SBA 7(a) loan for a change of ownership of $1.064 million, approved through Banesco USA with an approval date of September 18, 2026.
SBA 7(a) loan, change of ownership, approved Sep 18, 2026
$1,064,000 approvedLender: Banesco USA25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,064,000
- SBA-guaranteed amount
- $798,000 (75% of the approval)
- Lender
- Banesco USA, Miami, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 18, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $9,112 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 812220, Cemeteries and Crematories
- Project location
- Galveston County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Cemeteries and Crematories: $987,040.
- 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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