Main Street Registry

Farmer Funeral Home LLC

Roseland, NJ · Funeral Homes and Funeral Services · NAICS 812210

Farmer Funeral Home LLC is a funeral home and funeral services business located in Roseland, New Jersey. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,685,000, approved by Live Oak Banking Company on January 16, 2025.

SBA 7(a) loan, change of ownership, approved Jan 16, 2025

$3,685,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,685,000
SBA-guaranteed amount
$2,763,750 (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%, variable
Term
25 years (300 months)
Estimated maturity
January 16, 2050 (estimated, approval date plus term)
Estimated monthly payment
$28,441 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Essex County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 88% 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 Jersey: $1,626,307.

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 Jersey