Monday, January 11, 2021

Managing Funeral Expenses for a Lost Loved One

 

Funeral homes have seen most of their customers unable to manage both expenses and the funeral activities. For obvious and inevitable reasons, the situation is sensitive as the loved one lost is the focus here. This is a heavy and very emotional time for the bereaved family members. A time as such renders managing funeral expenses to become a worrisome and taxing burden.

 

Zip-Loan offers funeral service financing where expenses are taken care of by special services. A personal loan is offered to the family member of the loved one lost that will be used for funeral expenses. Zip-Loan also understands that funeral homes are put into a tight spot. They should not have to resort to upholding the family member to pay up during a time of loss.

 

What does funeral service financing cover?

Zip-Loan has designed a loan service by offering capital on behalf of the following:

·         Service fees

·         Casket

·         Logistics

·         Pamphlets

·         Gravesite

·         Burial

 

Payment options are lenient with installments after the funeral service.

 

How does the funeral home adjust against personal loans?

Now, the family member’s ordeal is lightened with funeral service financing but what about the funeral home?

There are numerous expenses, hidden as well that go into funeral costs. Owning, operating and maintaining a funeral home is more than just commercial gains. It is a parallel mix of memorialising the loss of a loved one through the passion and dedication of services. The procedures performed are kept in line with benevolence and with a civilised approach.

However, to keep the practice up and running, expenditure must be made and costs incurred. So, how would the funeral home cover for expenses, meanwhile also sustain the upkeep of their service?

 

For a funeral home, getting a business loan would be a viable option. Zip-Loan is connected with the largest network of banks and private party bearings. The loan can also be designed for those who are just getting into the funeral home business.

Capital that can be acquired

Getting a business loan does not have to be a complex list of demands. Zip-Loan makes it easy by offering you what is needed for your business depending on its type.

 

Therefore, a business loan can be of various categories depending on your requirements. Once Zip-Loan receives your loan application, it will be fowarded to a set of lenders. The lenders will then design an offering of the list of items or services, costs of which can be covered from their end. A certain percentage will be evaluated and shared with you.

 

The various options included in getting a business loan are:

·         Equity Finance Options

·         Mezzanine Finance

·         Capital Raising Finance

·         Selling Equity Stake of a Company

·         Debt Finance Options

·         Lease Finance Options Asset-Based Lending

·         Short-term, mid-term, and long-term business finance plans

 

It would be worthy to note that Zip-Loan does not believe in emphasizing solely on your credit score. Other aspects of your business will also be considered and thereby, provide you with the right financial assistance.

Source:https://consumerziploan.finance.blog/2021/01/11/managing-funeral-expenses-for-a-lost-loved-one/

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