Main Street Registry

Kim-Park Funeral Home and Cremation Services Inc

Philadelphia, PA · Funeral Homes and Funeral Services · NAICS 812210

Kim-Park Funeral Home and Cremation Services Inc is a funeral home located in Philadelphia, PA, in the Funeral Homes and Funeral Services industry. The business was financed with an SBA 7(a) loan for a change of ownership of $580,000, from PromiseOne Bank, with approval dated March 25, 2025.

SBA 7(a) loan, change of ownership, approved Mar 25, 2025

$580,000 approvedLender: PromiseOne Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$580,000
SBA-guaranteed amount
$435,000 (75% of the approval)
Lender
PromiseOne Bank, Duluth, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
March 25, 2050 (estimated, approval date plus term)
Estimated monthly payment
$4,867 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 3, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Philadelphia County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Funeral Homes and Funeral Services: $1,957,192.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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 Pennsylvania