By Andrew Kennedy, Senior Loan Officer – Live Oak Bank For funeral home owners, understanding and cultivating strong business credit is not just a financial best practice – it directly impacts your ability to navigate the unique demands and opportunities within the deathcare industry. From securing capital for facility upgrades…
Read MoreBy Andrew Kennedy, senior loan officer, Live Oak Bank During the sale of a funeral home, the seller and buyer must navigate a specific legal process. After diligently conducting due diligence and signing a letter of intent, a purchase agreement for the funeral home marks the official start of the…
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By Andrew Kennedy - Senior Loan Officer, Live Oak Bank If you own a funeral home, ensuring the safety and accessibility of business funds is crucial for both operational stability and long-term planning. Understanding the role of the Federal Deposit Insurance Corporation is essential in protecting your business finances. When…
Read MoreBy: Andrew Kennedy, Senior Loan Officer, Live Oak Bank Many funeral homeowners may find navigating Small Business Administration lending programs daunting. You may have heard they are overly complicated or only for businesses in dire straits. These myths couldn't be further from the truth, especially for thriving funeral homes looking…
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By: Andrew Kennedy –Senior Loan Officer – Live Oak Bank The Small Business Administration recently issued a new procedural notice1 offering significant benefits for small business owners seeking an SBA loan. The changes open the door to: Asset sales for partial changes of ownership acquisitions. Blended term for partial change of…
Read MoreBy Andrew Kennedy, VP - Funeral Home & Cemetery Lending, Live Oak Bank Are you a funeral director looking to expand your business through acquisition? An SBA 7(a) loan can significantly advance your goals. Let's explore how this financing option can streamline your path to acquiring or expanding your funeral…
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By Thomas A. Parmalee Tim Bridgers has been named managing director of preneed at Global Atlantic Financial Group, a company spokesman confirmed. "In this role, Tim  will oversee all aspects of Global Atlantic's preneed business, including sales, agency and funeral home relationships, as well as strategies for marketing, pricing, and…
Read MoreBy Andrew Kennedy, AVP - Funeral Home & Cemetery Lending at Live Oak Bank In our recent Voice of the Customer Survey, powered by Barlow Research, 28% of Live Oak customers cited cash flow management as a primary concern. Effectively managing cash flow is paramount to the sustainability of any…
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A new partnership has formed between National Guardian Life Insurance Company and Live Oak Bank to provide financing solutions that will help current and future NGL customers with acquisitions and expansions. Funeral service professionals interested in growing their current business will be able to utilize the value of their preneed business to…
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