Main Street Registry

K.R. Sullivan Holdings, LLC

Corning, NY · Funeral Homes and Funeral Services · NAICS 812210

K.R. Sullivan Holdings, LLC is a funeral home and funeral services business in Corning, NY, in the funeral homes and funeral services industry. It was financed with an SBA 7(a) loan for a change of ownership of $2.2 million, approved on November 25, 2025, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Nov 25, 2025

$2,200,000 approvedLender: Live Oak Banking Company13 years termCommitted, not fully disbursedLoan details
Gross approval
$2,200,000
SBA-guaranteed amount
$1,650,000 (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
7.99%, variable
Term
13 years (156 months)
Estimated maturity
November 25, 2038 (estimated, approval date plus term)
Estimated monthly payment
$22,715 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
8
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Steuben County, NY
SBA district office
Syracuse District Office
Congressional district
NY-23
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 63% 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 New York: $1,771,512.

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 New York