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Bozell APW Enterprises, Inc.

Anderson, IN · Funeral Homes and Funeral Services · NAICS 812210

Bozell APW Enterprises, Inc. is a funeral home and funeral services business located in Anderson, Indiana, in the funeral homes and funeral services industry. The company was financed with an SBA 7(a) loan for a change of ownership of $4,664,000, approved by Merchants Bank of Indiana on May 29, 2024.

SBA 7(a) loan, change of ownership, approved May 29, 2024

$4,664,000 approvedLender: Merchants Bank of Indiana25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,664,000
SBA-guaranteed amount
$3,498,000 (75% of the approval)
Lender
Merchants Bank of Indiana, Carmel, IN
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
May 29, 2049 (estimated, approval date plus term)
Estimated monthly payment
$42,382 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 6, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Madison County, IN
SBA district office
Indiana District Office
Congressional district
IN-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 96% 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 Indiana: $1,995,900.

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 Indiana