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Cooney Funeral Home 1

Park Ridge, IL · Funeral Homes and Funeral Services · NAICS 812210

Cooney Funeral Home 1 is a funeral home and funeral services business located in Park Ridge, Illinois, under NAICS code 812210. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,585,000, approved by Live Oak Banking Company on May 8, 2025.

SBA 7(a) loan, change of ownership, approved May 8, 2025

$3,585,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,585,000
SBA-guaranteed amount
$2,617,050 (73% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
May 8, 2050 (estimated, approval date plus term)
Estimated monthly payment
$28,266 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 87% 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 Illinois: $1,796,780.

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 Illinois