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Roberts & Cook Funeral Service

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

Roberts & Cook Funeral Service is a funeral home and funeral services business located in Carmi, Illinois, in the Funeral Homes and Funeral Services industry. The company was financed with an SBA 7(a) loan for a change of ownership of $860,000, approved on December 4, 2024, through Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Dec 4, 2024

$860,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$860,000
SBA-guaranteed amount
$645,000 (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
8.65%, variable
Term
25 years (300 months)
Estimated maturity
December 4, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,012 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
White County, IL
SBA district office
Illinois District Office
Congressional district
IL-15
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 20% 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 Illinois: $1,796,780.

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