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Campbell-Plumly-Milburn Funeral Home, Inc

Barnesville, OH · Funeral Homes and Funeral Services · NAICS 812210

Campbell-Plumly-Milburn Funeral Home, Inc is a funeral home and funeral services business located in Barnesville, Ohio. The company was financed with an SBA 7(a) loan for a change of ownership totaling $800,000, approved on November 9, 2023 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Nov 9, 2023

$800,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$800,000
SBA-guaranteed amount
$600,000 (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
9.25%, variable
Term
25 years (300 months)
Estimated maturity
November 9, 2048 (estimated, approval date plus term)
Estimated monthly payment
$6,851 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 27, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Belmont County, OH
SBA district office
Columbus District Office
Congressional district
OH-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 15% 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 Ohio: $1,840,340.

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 Ohio