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Death care financing from a preferred lender.

If you’d like to acquire, expand or sell a funeral home, mortuary or crematorium business, we can help. A U.S. Small Business Administration (SBA) loan can provide necessary working capital with more flexible requirements than a conventional loan.

We understand the cyclical nature of this industry, and our SBA loan specialists look beyond the real estate to the overall value of the business you’d like to finance. Our experienced lenders will work closely with you to create a financing structure that works for your goals—whether you’d like to buy, transition ownership to an employee or make property improvements.

And, as an SBA Preferred Lender, Byline Bank has the authority to make credit decisions in-house, with flexible qualifying requirements and expedited approvals.

Why Byline Bank?

As a top five SBA lender in the U.S., our lending specialists understand the funeral home business. We know how to structure a loan that meets your needs.

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Details

  • Loan Amount: Up to $5 million
  • Financing percentages: Lower downpayment than most conventional options
  • Term: Up to 10 years for most uses, and up to 25 years for real estate
  • Prepayment Penalty: None for terms <15 years
  • Footprint: Nationwide
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Purposes

  • Business acquisition
  • Business expansion
  • Change of ownership
  • Creative succession planning options
  • Real estate acquisition
  • Debt refinance
  • Property improvements
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Benefits

  • Faster approvals with Byline’s SBA Preferred Lender status
  • Longer amortization and lower loan payments
  • Fewer covenants
  • No future balloon payment
  • Closing costs can be included

Contact our funeral home financing specialist to get started.

Tom Lyons

Tom Lyons

(608) 770-6155Senior Vice President, Business Development OfficerSmall Business Capital