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Hultgren Funeral Home, Inc.

Wheaton, IL · Funeral Homes and Funeral Services · NAICS 812210

Hultgren Funeral Home, Inc. is a funeral home and funeral services business located in Wheaton, Illinois, classified under NAICS code 812210. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,480,000, approved on May 15, 2025, through lender TrustBank and certified development company SomerCor 504, Inc.

SBA 504 loan, approved May 15, 2025

$1,480,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,480,000
Bank portion
$2,065,000
Estimated project size
$3,938,889 (estimated)
Estimated owner equity
$393,889 (estimated, about 10% of the project)
Bank lender
TrustBank, Olney, IL
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 15, 2050 (estimated, approval date plus term)
First disbursement
Jul 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Dupage County, IL
SBA district office
Illinois District Office
Congressional district
IL-6
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 55% of expansion loans in Funeral Homes and Funeral Services on this site.
  • Average expansion loan in Funeral Homes and Funeral Services: $1,474,273.
  • Average expansion loan in Illinois: $2,310,827.

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