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Swick Bentley Funeral Home LLC

New Boston, OH · Funeral Homes and Funeral Services · NAICS 812210

Swick Bentley Funeral Home LLC, located in New Boston, Ohio, operates in the funeral homes and funeral services industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $720,000, from Live Oak Banking Company, with approval dated November 1, 2024.

SBA 7(a) loan, change of ownership, approved Nov 1, 2024

$720,000 approvedLender: Live Oak Banking Company17 years termStatus not reported (SBA exemption)Loan details
Gross approval
$720,000
SBA-guaranteed amount
$540,000 (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
9.25%, variable
Term
17 years (204 months)
Estimated maturity
November 1, 2041 (estimated, approval date plus term)
Estimated monthly payment
$7,014 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Scioto County, OH
SBA district office
Columbus District Office
Congressional district
OH-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 11% 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 Ohio: $1,840,340.

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 Ohio