Coda Group Fauntleroy LLC
Coda Group Fauntleroy LLC is a cemetery and crematory business in Seattle, Washington, classified under NAICS 812220. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $500,000, with Live Oak Banking Company as the lender and a loan approval date of July 11, 2024.
SBA 7(a) loan, change of ownership, approved Jul 11, 2024
$500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (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
- 10.99%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 11, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,885 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 812220, Cemeteries and Crematories
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Cemeteries and Crematories: $987,040.
- Average acquisition loan in Washington: $1,784,595.
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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