C. McInnis Real Estate Holdings, LLC
C. McInnis Real Estate Holdings, LLC is a funeral homes and funeral services business located in Waterville, Maine, classified under NAICS code 812210. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $953,000, approved on May 15, 2025, through The Bancorp Bank National Association.
SBA 7(a) loan, change of ownership, approved May 15, 2025
$953,000 approvedLender: The Bancorp Bank National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $953,000
- SBA-guaranteed amount
- $714,750 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 15, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $7,514 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 812210, Funeral Homes and Funeral Services
- Project location
- Kennebec County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 27% 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 Maine: $1,448,582.
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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