Funeral Homes and Funeral Services: SBA business acquisition loan data
351 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Funeral Homes and Funeral Services (NAICS 812210), totaling $574M. Median loan $1,390,000, 115% higher than the all-acquisition median. Annual volume rose 53% from FY2024 to FY2026.
Terms signed in the LOI shape the purchase agreement that follows.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $2,174,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.7% of all SBA-financed business purchases, ranking #30 of 300 industries tracked.
- Geography. Pennsylvania leads with 31 loans; the top five states account for 36% of the industry's acquisitions.
- Jobs. Lenders reported 2,327 jobs supported across these loans, about 6.6 per acquisition, a rough proxy for the size of business changing hands.
Funeral Homes and Funeral Services acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 36 | $50.9M | $1,254,900 | |
| FY2019 | 39 | $54.9M | $1,350,000 | |
| FY2020 | 40 | $67.1M | $1,300,500 | |
| FY2021 | 51 | $81M | $1,270,000 | |
| FY2022 | 38 | $74M | $1,508,300 | |
| FY2023 | 26 | $38.4M | $1,467,500 | |
| FY2024 | 30 | $45.3M | $950,000 | |
| FY2025 | 45 | $71.4M | $1,310,000 | |
| FY2026 | 46 | $91M | $1,795,000 |
How often do these acquisition loans fail?
Of the 166 Funeral Homes and Funeral Services acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 0.6% by loan count and 0.3% by dollars. 62 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Funeral Homes and Funeral Services is 83% lower than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
The purchase agreement decides what you bought, not the loan approval.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pennsylvania | 31 | 8.8% | $41.6M | |
| 2 | New York | 28 | 8.0% | $44.6M | |
| 3 | New Jersey | 26 | 7.4% | $34M | |
| 4 | Illinois | 23 | 6.6% | $45.1M | |
| 5 | Ohio | 20 | 5.7% | $30M | |
| 6 | Michigan | 18 | 5.1% | $24.1M | |
| 7 | North Carolina | 15 | 4.3% | $28.5M | |
| 8 | Wisconsin | 15 | 4.3% | $21.9M | |
| 9 | Indiana | 14 | 4.0% | $27.8M | |
| 10 | Texas | 13 | 3.7% | $13.9M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 155 | 44.2% | $289M | |
| 2 | United Midwest Savings Bank National Association | 27 | 7.7% | $38.8M | |
| 3 | North Valley Bank | 25 | 7.1% | $51M | |
| 4 | The Bancorp Bank National Association | 18 | 5.1% | $24.3M | |
| 5 | The Huntington National Bank | 5 | 1.4% | $3.3M | |
| 6 | First Bank | 4 | 1.1% | $5.8M | |
| 7 | IncredibleBank | 4 | 1.1% | $5.3M | |
| 8 | Union Bank and Trust Company | 4 | 1.1% | $690K | |
| 9 | Byline Bank | 3 | 0.9% | $7M | |
| 10 | Pinnacle Bank | 3 | 0.9% | $5M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Questions buyers ask
How much is a typical SBA loan to buy a business in Funeral Homes and Funeral Services?
Median $1,390,000 across 351 acquisition loans (FY2018 to FY2026); the middle half ran $795,000 to $2,174,000. That is 115% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Funeral Homes and Funeral Services acquisitions?
Live Oak Banking Company (155), United Midwest Savings Bank National Association (27), North Valley Bank (25), The Bancorp Bank National Association (18), The Huntington National Bank (5).
Are businesses in Funeral Homes and Funeral Services often franchised?
Rarely. Only 0% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Funeral Homes and Funeral Services?
Of 166 seasoned loans (FY2018 to FY2021), 0.6% charged off, 83% lower than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Funeral Homes and Funeral Services acquisitions?
Median term 25 years, average initial rate 7.08% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
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