Rick Gooding Funeral Homes
Rick Gooding Funeral Homes is a funeral home and funeral services business located in Cross City, Florida, classified under NAICS code 812210. The company was financed with an SBA 7(a) loan for a change of ownership of $2.5 million, approved on December 28, 2024, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Dec 28, 2024
$2,462,500 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,462,500
- SBA-guaranteed amount
- $1,846,875 (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
- 8.7%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 28, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $20,162 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 8, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 812210, Funeral Homes and Funeral Services
- Project location
- Dixie County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 72% 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 Florida: $1,808,559.
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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