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Wilt Funeral Home LLC

Norvelt, PA · Funeral Homes and Funeral Services · NAICS 812210

Wilt Funeral Home LLC is a funeral home and funeral services business located in Norvelt, Pennsylvania. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $900,000, approved on November 7, 2023 by Coastal States Bank.

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

$900,000 approvedLender: Coastal States Bank17 years termStatus not reported (SBA exemption)Loan details
Gross approval
$900,000
SBA-guaranteed amount
$675,000 (75% of the approval)
Lender
Coastal States Bank, Hilton Head Island, SC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
17 years (204 months)
Estimated maturity
November 7, 2040 (estimated, approval date plus term)
Estimated monthly payment
$9,623 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 8, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Westmoreland County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-14
Collateral
No
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 23% 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 Pennsylvania: $1,636,965.

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 Pennsylvania