SBA lending record
Mems, LLC
4951 M-129, Sault Sainte Marie, MI 49783 · Funeral Homes and Funeral Services. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.5M
Total SBA financing
2
Loans on record
FY2023
On record
12
Jobs supported
● business — business location is the ZIP-area centroid from the public record
Is Mems, LLC your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
All 2 loans
$1,480,600 — FY2023
Loan 1 of 2- Gross approval
- $1,480,600
- SBA guaranteed
- $1,110,450 (75%)
- Status
- Current
- Rate at approval
- 8.5% f
- Term
- 180 mo (15 yr)
- Program
- 7a General
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 7/21/2023
- First disbursement
- 8/15/2023
- Days to fund
- 25 days
- Collateral
- Required
- Jobs supported
- 6
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Funeral Homes and Funeral Services
- NAICS code
- 812210
- Lender
- Central Savings Bank
- Address
- 4951 M-129
- City
- Sault Sainte Marie, 49783
- County
- Chippewa
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 1
$50,000 — FY2023
Loan 2 of 2- Gross approval
- $50,000
- SBA guaranteed
- $25,000 (50%)
- Status
- Current
- Rate at approval
- 8.75% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 8/9/2023
- First disbursement
- 9/14/2023
- Days to fund
- 36 days
- Collateral
- Required
- Jobs supported
- 6
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Funeral Homes and Funeral Services
- NAICS code
- 812210
- Lender
- Central Savings Bank
- Address
- 4951 M-129
- City
- Sault Sainte Marie, 49783
- County
- Chippewa
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 1
The lender
Central Savings Bank
2 loans to this businessFind SBA lenders for businesses like this
The banks most active funding funeral homes and funeral services — by location, industry.
Similar businesses
Comparable funeral homes and funeral services in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Sorenson-Lockwood Funeral Home
Grayling, MI· ~123 mi
Funeral Homes and Funeral Services
- $997K
- SBA financing
- ≈ $2.0M–$3.3M
- Est. revenue (rough)
Sorenson-Lockwood Funeral Home, Inc.
Grayling, MI· ~123 mi
Funeral Homes and Funeral Services
- $1.1M
- SBA financing
- ≈ $2.2M–$3.6M
- Est. revenue (rough)
Hamilton Funeral Homes Inc
Mora, MN· ~430 mi
Funeral Homes and Funeral Services
- $1.6M
- SBA financing
- ≈ $3.1M–$5.2M
- Est. revenue (rough)
HEINDL-NIMGERN FUNERAL & CREMATION SERVICES LLC
Phillips, WI· ~294 mi
Funeral Homes and Funeral Services
- $1.6M
- SBA financing
- ≈ $3.1M–$5.2M
- Est. revenue (rough)
Harmony Cultural Center, LLC
Wausau, WI· ~274 mi
Funeral Homes and Funeral Services
- $1.0M
- SBA financing
- ≈ $2.0M–$3.3M
- Est. revenue (rough)
Life's Journey Professional Services 2 LLC
Casco, WI· ~205 mi
Funeral Homes and Funeral Services
- $775K
- SBA financing
- ≈ $1.5M–$2.5M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Mems, LLC in Sault Sainte Marie, MI (Funeral Homes and Funeral Services). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 2 SBA 7(a) loans totaling $1.5M
- On record FY2023
- 12 jobs supported
- Industry: Funeral Homes and Funeral Services
- Location: Sault Sainte Marie, MI
- Lender: Central Savings Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Funeral Homes and Funeral Services businesses in MI for ~$765k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Mems, LLC.