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Leonard & Smith Funeral and Cremation Services Inc.

Linden, NJ · Funeral Homes and Funeral Services · NAICS 812210

Leonard & Smith Funeral and Cremation Services Inc. is a funeral home and funeral services business in Linden, New Jersey, in the industry of funeral homes and funeral services. The business was financed with an SBA 7(a) loan for a change of ownership of $1,375,000, approved on January 26, 2026, through Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Jan 26, 2026

$1,375,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,375,000
SBA-guaranteed amount
$1,031,250 (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
8.25%, variable
Term
25 years (300 months)
Estimated maturity
January 26, 2051 (estimated, approval date plus term)
Estimated monthly payment
$10,841 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Union County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 38% 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 Jersey: $1,626,307.

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 New Jersey