Funeral Homes and Funeral Services acquisitions in New Jersey: SBA loan data
Since FY2018, SBA lenders have approved 26 7(a) loans to buy an existing business classified as Funeral Homes and Funeral Services in New Jersey, totaling $34M. The median loan was $1,201,350. That is 2.3% of the 1,130 acquisition loans in New Jersey.
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How this compares
The median Funeral Homes and Funeral Services loan in New Jersey is 67% higher than the $719,500 median for all New Jersey acquisitions, and 14% lower than the $1,390,000 median for Funeral Homes and Funeral Services acquisitions nationwide (351 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 0.6% of seasoned Funeral Homes and Funeral Services acquisition loans were charged off, and 2.0% of seasoned New Jersey acquisition loans of any type.
Funeral Homes and Funeral Services acquisition loans in New Jersey by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.2M | $596,500 | |
| FY2019 | 1 | $441K | $441,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 3 | $3.7M | $942,000 | |
| FY2022 | 5 | $5.9M | $1,152,700 | |
| FY2023 | 3 | $3M | $757,000 | |
| FY2024 | 2 | $2.1M | $1,042,500 | |
| FY2025 | 4 | $8.4M | $1,992,200 | |
| FY2026 | 6 | $9.3M | $1,537,500 |
How often do these acquisition loans fail?
Fewer than 20 Funeral Homes and Funeral Services in New Jersey acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 12 | 46.2% | $19.6M | |
| 2 | Firstrust Savings Bank | 2 | 7.7% | $2.3M | |
| 3 | Wilmington Savings Fund Society FSB | 2 | 7.7% | $1.8M | |
| 4 | TD Bank, National Association | 2 | 7.7% | $1.6M | |
| 5 | Customers Bank | 1 | 3.8% | $2.5M |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Funeral Homes and Funeral Services acquisitions in New Jersey run?
The median SBA 7(a) loan was $1,201,350 across 26 loans (FY2018 to FY2026), with the middle half between $718,000 and $1,805,500. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Funeral Homes and Funeral Services acquisitions in New Jersey?
Live Oak Banking Company (12), Firstrust Savings Bank (2), Wilmington Savings Fund Society FSB (2), TD Bank, National Association (2), Customers Bank (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Funeral Homes and Funeral Services acquisition loans fail in New Jersey?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Funeral Homes and Funeral Services acquisitions in New Jersey?
None of the 26 loans in this combination were recorded with a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
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Related
- All New Jersey acquisitions
- Funeral Homes and Funeral Services nationally
- Funeral Homes and Funeral Services in Pennsylvania
- Funeral Homes and Funeral Services in New York
- Funeral Homes and Funeral Services in Illinois
- Funeral Homes and Funeral Services in Ohio
- Funeral Homes and Funeral Services in Michigan
- Funeral Homes and Funeral Services in Wisconsin
- Funeral Homes and Funeral Services in Indiana
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Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.