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Bennett Funeral Service, Inc.

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

Bennett Funeral Service, Inc. is a funeral home and funeral services business located in Newton, North Carolina, in the funeral homes and funeral services industry. The company financed real estate or equipment through an SBA 504 loan with a SBA portion of $1,094,000, approved on March 11, 2025, with Peoples Bank as the lending bank and Carolina Business Capital, Inc. as the certified development company.

SBA 504 loan, approved Mar 11, 2025

$1,094,000 SBA portionCDC: Carolina Business Capital, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,094,000
Bank portion
$1,333,000
Estimated project size
$2,696,667 (estimated)
Estimated owner equity
$269,667 (estimated, about 10% of the project)
Bank lender
Peoples Bank, Newton, NC
CDC
Carolina Business Capital, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
March 11, 2050 (estimated, approval date plus term)
First disbursement
Jun 11, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Catawba County, NC
SBA district office
North Carolina District Office
Congressional district
NC-10
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 18% of expansion loans in Funeral Homes and Funeral Services on this site.
  • Average expansion loan in Funeral Homes and Funeral Services: $1,474,273.
  • Average expansion loan in North Carolina: $2,167,577.

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