Life's Journey Professional Services 2 LLC
Life's Journey Professional Services 2 LLC is a funeral home and funeral services business in Casco, Wisconsin. It was financed with an SBA 7(a) loan for a change of ownership totaling $775,000, approved on December 12, 2024, through Bank First, N.A.
SBA 7(a) loan, change of ownership, approved Dec 12, 2024
$775,000 approvedLender: Bank First, N.A.12 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $775,000
- SBA-guaranteed amount
- $581,250 (75% of the approval)
- Lender
- Bank First, N.A., Manitowoc, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.25%, fixed
- Term
- 12 years (144 months)
- Estimated maturity
- December 12, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $8,074 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 812210, Funeral Homes and Funeral Services
- Project location
- Kewaunee County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 13% 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 Wisconsin: $1,729,230.
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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