Kuhlman Mortuary & Crematory, LLC
Kuhlman Mortuary & Crematory, LLC is a cemetery and crematory business located in Krum, Texas, in the Cemeteries and Crematories industry (NAICS 812220). The company was financed with an SBA 7(a) loan for a change of ownership, approved on October 18, 2024, in the amount of $1,272,600 through First United Bank and Trust Company.
SBA 7(a) loan, change of ownership, approved Oct 18, 2024
$1,272,600 approvedLender: First United Bank and Trust Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,272,600
- SBA-guaranteed amount
- $954,450 (75% of the approval)
- Lender
- First United Bank and Trust Company, Durant, OK
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- October 18, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $11,119 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 812220, Cemeteries and Crematories
- Project location
- Denton County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-26
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Cemeteries and Crematories: $987,040.
- Average acquisition loan in Texas: $1,944,682.
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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