W.h. Bacon Funeral Home Inc
W.h. Bacon Funeral Home Inc is a funeral home and funeral services business located in Washington, DC. The company financed real estate or equipment through an SBA 504 loan of $1,224,000 (SBA portion), with The National Capital Bank of Washington as the lender and Business Finance Group, Inc. as the certified development company, approved on October 12, 2023.
SBA 504 loan, approved Oct 12, 2023
$1,224,000 SBA portionCDC: Business Finance Group, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,224,000
- Bank portion
- $1,195,000
- Estimated project size
- $2,687,778 (estimated)
- Estimated owner equity
- $268,778 (estimated, about 10% of the project)
- Bank lender
- The National Capital Bank of Washington, Washington, DC
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- October 12, 2048 (estimated, approval date plus term)
- First disbursement
- Mar 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 812210, Funeral Homes and Funeral Services
- Project location
- District of Columbia County, DC
- SBA district office
- Washington District Office
- Congressional district
- DC-0
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 45% of expansion loans in Funeral Homes and Funeral Services on this site.
- Average expansion loan in Funeral Homes and Funeral Services: $1,474,273.
- Average expansion loan in District of Columbia: $1,478,500.
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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