Carleton and Evans Funeral Services Inc.
Carleton and Evans Funeral Services Inc. is located in Hudson Falls, NY, and the SBA lists its industry as Funeral Homes and Funeral Services. It was approved for an SBA 7(a) loan of $2,170,000 for a change of ownership on December 17, 2024.
SBA 7(a) loan, change of ownership, approved Dec 17, 2024
- Gross approval
- $2,170,000
- SBA-guaranteed amount
- $1,627,500 (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
- 8.75%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- December 17, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $21,688 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 10, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 812210, Funeral Homes and Funeral Services
- Project location
- Washington County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 62% 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 New York: $1,771,512.
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 New York
- Macken McBride Funeral Home LLC, Rockville Centre
- Michael D. Thomas Funeral Services, Inc., Larchmont
- K.R. Sullivan Holdings, LLC, Corning
- Canopy Services Inc., Baldwin
- Tyler E. Kent, LLC, Horseheads
- Beckwith Funeral Homes, Inc., Newark Valley