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Ochalek Funeral and Cremation Service LLC

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

Ochalek Funeral and Cremation Service LLC is a funeral home and funeral services business in Milan, Michigan, in the funeral homes and funeral services industry. The company was financed with an SBA 7(a) loan for a change of ownership of $2.555 million, approved by Fifth Third Bank on January 27, 2026.

SBA 7(a) loan, change of ownership, approved Jan 27, 2026

$2,555,000 approvedLender: Fifth Third Bank16 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,555,000
SBA-guaranteed amount
$1,916,250 (75% of the approval)
Lender
Fifth Third Bank, Cincinnati, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
16 years (192 months)
Estimated maturity
January 27, 2042 (estimated, approval date plus term)
Estimated monthly payment
$23,259 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 13, 2026
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Monroe County, MI
SBA district office
Michigan District Office
Congressional district
MI-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 75% 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