Funeral Homes and Funeral Services acquisitions in Ohio: SBA loan data
Since FY2018, SBA lenders have approved 20 7(a) loans to buy an existing business classified as Funeral Homes and Funeral Services in Ohio, totaling $30M. The median loan was $1,063,250. That is 1.1% of the 1,821 acquisition loans in Ohio.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
How this compares
The median Funeral Homes and Funeral Services loan in Ohio is 94% higher than the $549,000 median for all Ohio acquisitions, and 24% 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 1.9% of seasoned Ohio acquisition loans of any type.
Funeral Homes and Funeral Services acquisition loans in Ohio by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.3M | $660,600 | |
| FY2019 | 3 | $3M | $1,314,000 | |
| FY2020 | 1 | $900K | $900,000 | |
| FY2021 | 3 | $6.1M | $966,500 | |
| FY2022 | 2 | $6.8M | $3,375,000 | |
| FY2023 | 1 | $1.2M | $1,160,000 | |
| FY2024 | 3 | $3.9M | $800,000 | |
| FY2025 | 3 | $4.3M | $1,489,000 | |
| FY2026 | 2 | $2.6M | $1,282,500 |
How often do these acquisition loans fail?
Fewer than 20 Funeral Homes and Funeral Services in Ohio 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.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 11 | 55.0% | $17M | |
| 2 | North Valley Bank | 2 | 10.0% | $5M | |
| 3 | The Bancorp Bank National Association | 2 | 10.0% | $3.3M | |
| 4 | The Croghan Colonial Bank | 1 | 5.0% | $1.5M | |
| 5 | Newtek Small Business Finance, LLC | 1 | 5.0% | $1.4M |
Top franchise brands
No franchise brands recorded in this combination.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
Questions buyers ask
How much do SBA loans for Funeral Homes and Funeral Services acquisitions in Ohio run?
The median SBA 7(a) loan was $1,063,250 across 20 loans (FY2018 to FY2026), with the middle half between $780,000 and $1,835,000. 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 Ohio?
Live Oak Banking Company (11), North Valley Bank (2), The Bancorp Bank National Association (2), The Croghan Colonial Bank (1), Newtek Small Business Finance, LLC (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 Ohio?
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 Ohio?
None of the 20 loans in this combination were recorded with a franchise brand.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Ohio 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 New Jersey
- Funeral Homes and Funeral Services in Illinois
- Funeral Homes and Funeral Services in Michigan
- Funeral Homes and Funeral Services in Wisconsin
- Funeral Homes and Funeral Services in Indiana
- Hotels and Motels in Ohio
- Limited-Service Restaurants in Ohio
- Full-Service Restaurants in Ohio
- Offices of Dentists in Ohio
- Plumbing, Heating, and Air-Conditioning Contractors in Ohio
- Offices of Certified Public Accountants in Ohio
- Child Care Services in Ohio
- General Automotive Repair in Ohio
Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.