Westgor Funeral Home, Inc.
Westgor Funeral Home, Inc. is a funeral home and funeral services business located in Neenah, Wisconsin. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $860,000, from Community First CU, with approval dated December 16, 2023.
SBA 7(a) loan, change of ownership, approved Dec 16, 2023
$860,000 approvedLender: Community First CU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $860,000
- SBA-guaranteed amount
- $645,000 (75% of the approval)
- Lender
- Community First CU, Neenah, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.05%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 16, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $10,008 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 29, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 812210, Funeral Homes and Funeral Services
- Project location
- Winnebago County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 20% 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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