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Readshaw Funeral Home Inc

Pittsburgh, PA · Funeral Homes and Funeral Services · NAICS 812210

Readshaw Funeral Home Inc is a funeral home and funeral services business in Pittsburgh, Pennsylvania. The company was financed with an SBA 7(a) loan for a change of ownership of $697,000, approved on March 7, 2025, through Live Oak Banking Company.

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

$697,000 approvedLender: Live Oak Banking Company17 years termStatus not reported (SBA exemption)Loan details
Gross approval
$697,000
SBA-guaranteed amount
$522,750 (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
9%, variable
Term
17 years (204 months)
Estimated maturity
March 7, 2042 (estimated, approval date plus term)
Estimated monthly payment
$6,683 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 27, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Allegheny County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-18
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 6% 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 Pennsylvania: $1,636,965.

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 Pennsylvania