Frost-Bailey Funeral Services, LLC
Frost-Bailey Funeral Services, LLC is located in Abingdon, VA, and the SBA lists its industry as Funeral Homes and Funeral Services. It was approved for an SBA 7(a) loan of $2,850,000 for a change of ownership on January 16, 2026.
SBA 7(a) loan, change of ownership, approved Jan 16, 2026
- Gross approval
- $2,850,000
- SBA-guaranteed amount
- $2,137,500 (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
- 7.88%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 16, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $21,771 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 13, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 812210, Funeral Homes and Funeral Services
- Project location
- Washington County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 79% 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 Virginia: $1,860,760.
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.
Is this your company? Claim or correct this listing. See Corrections.