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Westbrock Funeral Home, Inc.

Dayton, OH · Funeral Homes and Funeral Services · NAICS 812210

Westbrock Funeral Home, Inc. is a funeral home and funeral services business in Dayton, Ohio, classified under NAICS code 812210. It was financed with an SBA 7(a) loan for a change of ownership of $2,395,800, approved from The Bancorp Bank National Association on April 24, 2024.

SBA 7(a) loan, change of ownership, approved Apr 24, 2024

$2,395,800 approvedLender: The Bancorp Bank National Association293 months termStatus not reported (SBA exemption)Loan details
Gross approval
$2,395,800
SBA-guaranteed amount
$1,796,850 (75% of the approval)
Lender
The Bancorp Bank National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
24 years, 5 months (293 months)
Estimated maturity
September 24, 2048 (estimated, approval date plus term)
Estimated monthly payment
$21,056 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Montgomery County, OH
SBA district office
Columbus District Office
Congressional district
OH-10
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 69% 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