Main Street Registry

Corless-Kunselman Funeral Services, LLC

Beaver Falls, PA · Funeral Homes and Funeral Services · NAICS 812210

Corless-Kunselman Funeral Services, LLC is a funeral home and funeral services business in Beaver Falls, Pennsylvania, operating in the funeral homes and funeral services industry (NAICS 812210). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,683,000, approved on July 30, 2024 by Byline Bank.

SBA 7(a) loan, change of ownership, approved Jul 30, 2024

$1,683,000 approvedLender: Byline Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,683,000
SBA-guaranteed amount
$1,262,250 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
25 years (300 months)
Estimated maturity
July 30, 2049 (estimated, approval date plus term)
Estimated monthly payment
$16,800 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Beaver County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-17
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 49% 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 Pennsylvania: $1,636,965.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Pennsylvania