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Deisler Funeral Home of Saginaw, Inc.

Saginaw, MI · Funeral Homes and Funeral Services · NAICS 812210

Deisler Funeral Home of Saginaw, Inc. is a funeral home and funeral services business located in Saginaw, Michigan, in the NAICS 812210 industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1,930,000, approved on September 14, 2024, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Sep 14, 2024

$1,930,000 approvedLender: Live Oak Banking Company16 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,930,000
SBA-guaranteed amount
$1,447,500 (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%, variable
Term
16 years (192 months)
Estimated maturity
September 14, 2040 (estimated, approval date plus term)
Estimated monthly payment
$19,001 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Saginaw County, MI
SBA district office
Michigan District Office
Congressional district
MI-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 54% 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 Michigan: $1,645,728.

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 Michigan