Top 9 Banks for SBA Funeral Home Loans


  PRE-QUALIFY for a Funeral Home SBA Loan

Last quarterly update: Dec 23, 2019

The death care industry, specifically funeral homes business, requires specialized financing to meet the unique borrowing needs in this dynamic market. You’ll need a bank that understands these needs and helps make the process of obtaining a funeral home loan seamless as much as possible. But look no further, here’s our list of top 5 leading banks for SBA funeral home loans:

1) Live Oak Banking Company — Wilmington, NC
2017: 57 loans, $1,489,175 average loan, average interest rate of 6.3%

Live Oak Bank’s specialized Funeral Home Lending Team is confident to understand the funeral space and what funeral home owners need to succeed. Having a dedicated team that can work with your funeral home loan, there’s no surprise that they’re #1 in our list, and you’ll feel more at ease that they’ll understand your unique needs. Live Oak Bank’s funeral home SBA loan’s goal is to simplify the process, with no balloon payments, no covenants, and the focus is your long-term success. Take note that Live Oak Bank also has the highest number of approved loans (year to date) on our list.

2) First Home Bank — Seminole, FL
2017: 19 loans, $1,113,784 average loan, average interest rate of 6.0%

First Home Bank is a Nationwide Preferred Small Business Lender specializing in small business loans across a wide array of industries for business acquisitions, commercial real estate and equipment financing and working capital. With several SBA loan options, they can help provide access to the financial support you need to start a new business or even expand an existing one.

3) United Community Bank — Blairsville, GA
2017: 11 loans, $727,364 average loan, average interest rate of 6.5%

As a national lender specializing in funeral homes, United Community Bank provides SBA loans to fit your unique financing needs. They take pride in their experience and expertise in the funeral home industry to understand the needs of your business. With United Community Bank’s cash-flow lender, you’ll receive more personalized customer service.

 4) North Valley Bank — Zanesville, OH
2017: 10 loans, $1,270,800 average loan, average interest rate of 5.7%

North Valley Bank is committed to doing their part to improve communities and that includes helping local businesses,  with competitive business loans and access to business lines of credit. From large corporations to small businesses, North Valley Bank is confident that they can offer customized banking solutions to support your specific business loan needs.

5) Mission Valley Bank — Sun Valley, CA
2017: 6 loans, $2,382,050 average loan, average interest rate of 5.6%

Mission Valley Bank’s business lending experts understand your potential because they work and live in the same community as you. They offer competitive lower down payments and extended financing terms for business modernization, equipment upgrades, working capital, real estate acquisition and expansion. They welcome you to give them a call and they’ll be glad to explain all the details and requirements needed for your funeral home SBA loan application.

If you’re still undecided, here’s our complete list of top banks serving the funeral home industry:


RankBankCityState# of LoansAvg Loan $Avg Int
1Live OakWilmingtonNC26$1,814,5316.2%
2The Bancorp BankWilmingtonDE7$1,232,1867.1%
3United Midwest Savings BankDe GraffOH6$765,6677.9%
4Readycap Lending, LLCBerkeley HeightsNJ6$676,3007.8%


  PRE-QUALIFY for a Funeral Home SBA Loan