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Beckwith Funeral Homes, Inc.

Newark Valley, NY · Funeral Homes and Funeral Services · NAICS 812210

Beckwith Funeral Homes, Inc. is a funeral home and funeral services business in Newark Valley, NY, classified under NAICS code 812210. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1.5 million, approved by Live Oak Banking Company on April 22, 2025.

SBA 7(a) loan, change of ownership, approved Apr 22, 2025

$1,500,000 approvedLender: Live Oak Banking Company14 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,500,000
SBA-guaranteed amount
$1,125,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
14 years (168 months)
Estimated maturity
April 22, 2039 (estimated, approval date plus term)
Estimated monthly payment
$15,299 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Tioga County, NY
SBA district office
Syracuse District Office
Congressional district
NY-22
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 43% 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 New York: $1,771,512.

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 New York