Mark Musgrove says:
We had concerns maintaining high quality customer service at our funeral business following a large acquisition that tripled the size of our company overnight. Johnson [...]
Many times, a funeral business’s value exceeds its property value. Many banks struggle to offer death care businesses the financing sought to start or acquire an existing cemetery business.
Johnson Consulting Group will work with you to put a loan or finance package together that will educate lenders on the cash flow potential of cemetery businesses.
We have developed a cemetery business loan and financing program that helps qualified buyers and existing owners find financing for:
Our objective is to work with the buyer to find a cemetery business loan that will serve the interests of all the parties involved.
We complete a thorough cemetery business loan package and submit it to the best possible lender for your specific needs. With over 100 years of experience working with small business owners you can trust us to be your partner through this life-changing decision.
Our many bank relationships allow us to understand the best method to submit a thorough cemetery business loan application in today’s tough credit market. We will educate you on the process, the forms that must be completed and the financials that most banks will require in order to set you apart from the other applicants. Incomplete packages equal loan denials; make sure you know what is needed!
We feel that the best way to secure favorable funeral home business financing is to create a comprehensive loan package and show the request to multiple lenders and banks nationwide. By doing this, we not only increase our success rate for our funeral home clients, we also secure them the best loan or financing possible!
In most instances, the banks and lenders we have relationships with are able to fund a cemetery business transaction in as little as 45 days; however, this will depend on each lender’s due diligence and underwriting requirements. The length of the process will also be determined by the borrower; the quicker the borrower is able to provide the necessary document requests and necessary loan applications, the quicker the loan will be able to be funded.
Banks are looking at each borrower with tougher guidelines than ever before, make sure you know the following prior to the loan processes:
Be prepared with a complete cemetery business loan submission package which will save you from being denied financing due to incomplete paperwork submission.
If you have the desire to own a cemetery business, or are thinking about your retirement from the profession, we have the resources and the commitment to help. Many members of the Johnson Consulting staff are also licensed cemetery professionals and understand the importance of finding the right financing. We are here to help you through the entire process: From loan submission, to funding and all the way through to closing. Additionally, Johnson Consulting Group also has the tools to help you succeed.