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Sax Tiedemann Funeral Home LLC

Franklin Park, IL · Funeral Homes and Funeral Services · NAICS 812210

Sax Tiedemann Funeral Home LLC is a funeral home located in Franklin Park, Illinois, in the funeral homes and funeral services industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,371,500, from United Midwest Savings Bank National Association, with approval on May 6, 2025.

SBA 7(a) loan, change of ownership, approved May 6, 2025

$2,371,500 approvedLender: United Midwest Savings Bank National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,371,500
SBA-guaranteed amount
$1,778,625 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
May 6, 2050 (estimated, approval date plus term)
Estimated monthly payment
$21,969 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
812210, Funeral Homes and Funeral Services
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 67% 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