It's easier than ever to invest in your crematory - whether it's just financing the equipment purchase or creating an entire facility. There are lenders and financing providers who specialize in the funeral industry and have a track record of helping those firms invest in their futures.
With interest rates at historically low levels, borrowing costs are extremely low. Some lenders, particularly those offering programs through the US Small Business Administration (SBA) can offer loan terms as long as 25 years. Together, the combination of low rates and longer terms can make it very affordable to build a new, state-of-the-art facility from the ground up
Here are some ideas and providers to consider.
Direct Capital provides equipment leasing programs for all kinds of businesses, including crematories and funeral homes, with streamlined applications, competitive pricing and personal service. Read More
Live Oak Bank provides an expedited financing program for loan amounts between $75,000 and $350,000 for funeral professionals nationwide. This offer provides funeral professionals access to capital for new equipment purchases, technology updates and more. Unlike other lenders’ short terms, our 10-year, fully amortizing loans will keep your monthly payments low.With minimal collateral requirements and competitive rates, this program enables you to grow your business. Live Oak Portal, our digital lending platform, enables a streamlined and efficient loan process. To get started or learn more about Live Oak Bank financing, visit liveoakbank.com/funeral Read More