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Funeral Homes and Funeral Services: SBA acquisition loans in Illinois
14 SBA-financed business acquisitions in Illinois classified as Funeral Homes and Funeral Services, FY2024–FY2026. Median loan $1.9M. See which lenders did them.
- Acquisitions financed
- 14
- Total approved
- $26.8M
- Median loan
- $1.9M
- Middle half of loans
- $908K to $2.6M
- Median starting rate
- 8.50%
- Median term
- 25 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 8 | 57% | $2.6M | $19.6M |
| 2 | United Midwest Savings Bank National Association | 2 | 14% | $1.6M | $3.1M |
| 3 | State Bank of the Lakes, National Association | 1 | 7% | $2.1M | $2.1M |
| 4 | First Business Bank | 1 | 7% | $1.1M | $1.1M |
| 5 | The Huntington National Bank | 1 | 7% | $716K | $716K |
| 6 | First Bankers Trust Company National Association | 1 | 7% | $200K | $200K |
For comparison, the same industry nationwide: 122 loans, median $1.5M, median starting rate 8.64%. See Funeral Homes and Funeral Services in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.