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Harold W. Vick Funeral Home, Inc.

Mount Clemens, MI · Funeral Homes and Funeral Services · NAICS 812210

Harold W. Vick Funeral Home, Inc. is a funeral home business in Mount Clemens, Michigan, in the funeral homes and funeral services industry. The business was financed with an SBA 7(a) loan for a change of ownership of $1.25 million from Live Oak Banking Company, with approval dated August 21, 2026.

SBA 7(a) loan, change of ownership, approved Aug 21, 2026

$1,250,000 approvedLender: Live Oak Banking Company25 years termCommitted, not fully disbursedLoan details
Gross approval
$1,250,000
SBA-guaranteed amount
$937,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.88%, variable
Term
25 years (300 months)
Estimated maturity
August 21, 2051 (estimated, approval date plus term)
Estimated monthly payment
$9,549 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
4
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Macomb County, MI
SBA district office
Michigan District Office
Congressional district
MI-09
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 35% 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 Michigan: $1,645,728.

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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