Bismarck Funeral Home, Inc.
Bismarck Funeral Home, Inc. is a funeral home and funeral services business located in Bismarck, North Dakota, classified under NAICS code 812210. The company was financed with an SBA 7(a) loan for a change of ownership totaling $4.5 million, approved on May 22, 2025, through First Community CU.
SBA 7(a) loan, change of ownership, approved May 22, 2025
$4,500,000 approvedLender: First Community CU17 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,500,000
- SBA-guaranteed amount
- $3,375,000 (75% of the approval)
- Lender
- First Community CU, Jamestown, ND
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 6.25%, fixed
- Term
- 17 years (204 months)
- Estimated maturity
- May 22, 2042 (estimated, approval date plus term)
- Estimated monthly payment
- $35,867 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 812210, Funeral Homes and Funeral Services
- Project location
- Burleigh County, ND
- SBA district office
- North Dakota District Office
- Congressional district
- ND-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 95% of acquisition loans in Funeral Homes and Funeral Services on this site.
- Average acquisition loan in Funeral Homes and Funeral Services: $1,957,192.
- Average acquisition loan in North Dakota: $1,899,142.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in North Dakota
- Rydell Funeral, LLC, Fargo