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Recker Funeral Homes, LLC

Clyde, OH · Funeral Homes and Funeral Services · NAICS 812210

Recker Funeral Homes, LLC, located in Clyde, Ohio, operates in the funeral homes and funeral services industry. The business was financed with an SBA 7(a) loan for a change of ownership of $1,489,000, approved on November 12, 2024, by The Croghan Colonial Bank.

SBA 7(a) loan, change of ownership, approved Nov 12, 2024

$1,489,000 approvedLender: The Croghan Colonial Bank17 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,489,000
SBA-guaranteed amount
$1,116,750 (75% of the approval)
Lender
The Croghan Colonial Bank, Fremont, OH
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
8.94%, fixed
Term
17 years (204 months)
Estimated maturity
November 12, 2041 (estimated, approval date plus term)
Estimated monthly payment
$14,222 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Sandusky County, OH
SBA district office
Columbus District Office
Congressional district
OH-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 42% 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 Ohio: $1,840,340.

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 Ohio