Radix Funds Funeral Home For Second Time

When the owner of a Georgia based funeral home needed $300,000 there was no question who he was going to call. We had helped him grow back in 2020, and for further expansion, he knew which company would come through.

Anatomy of a loan:

• $1,050,000 Revenue in previous year
• $68,000 loss
• $250,000 owner’s compensation in previous year
• 760 credit score
• $300,000 SBA loan on the books (funded by Radix in 2020)

Radix’s Solution

While the owner of the funeral home had a fantastic growth plan, traditional banks didn’t seem to understand. The business was in a fantastic position to expand and had grown in its local market, but he couldn’t find the funds to enable the hiring and marketing necessary to expand. That’s where Radix stepped in. From the second he called, we had full confidence we could help and within a month, we had funded $300,000; our second loan to this company this decade.

Learn more about our SBA Express loan.