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So far Live Oak Bank has created 191 blog entries.

Live Oak Bank Receives NCPA 2014 Corporate Recognition Award

By |October 23rd, 2014|

Austin, Texas (October 19, 2014) – Live Oak Bank was honored today with the National Community Pharmacists Association (NCPA) 2014 Corporate Recognition Award. The award was given during NCPA’s 116th Annual Convention and Trade Exposition in Austin. This award recognizes a company for its support and work on behalf of independent community pharmacies.

Since announcing a collaboration with NCPA at the association’s convention in 2010, Live Oak Bank has become the largest lender to independent community pharmacies nationwide.

The growth in targeted pharmacy lending can be attributed to Live Oak Bank’s commitment and demonstrated expertise in community pharmacy, as well as navigating prospective owners down a path to pharmacy ownership. The ability to structure financing with minimal cash and seller participation encourages entrepreneurship and demonstrates Live Oak’s recognition of a pharmacy’s earning power, along with the value that the previous owner has built for many years. As a result, financing acquisitions, expansions, and new construction and refinancing existing debt is easily accessible, […]

Live Oak Bank Reveals the Answers that Borrowers Want to Know

By |October 21st, 2014|

Stephanie Castagnier Dunn, general manager of the death-care lending group at Live Oak Bank, isn’t shy about revealing the answers to questions that often go unanswered for funeral professionals.

On a recent webinar organized by Kates-Boylston Publications, she answered numerous questions from participants, including:

Why do funeral homes typically borrow money?

In addition to buying a competitor or adding a new location, funeral homes

often get a loan so they can renovate existing facilities, improve their branding or launch a new brand or make the necessary investments to offer a wider scale of events.

How much does a bank think my funeral home is worth?

A rule of thumb, Dunn says, is that a bank will value your funeral home at two times its gross revenue. “So if your funeral home had revenue of $818,000, most bankers would think of a purchase price of $1.6 million,” she says.

What if my real estate is really valuable?

That’s a question Dunn and other bankers get all the time, but […]

Selection 101 Webinar

By |October 16th, 2014|

By the end of this webinar, you will be able to:

Describe and put on paper the process you use to select employees
Have access to possible job descriptions for each of your positions
Know the difference between behavioral and technical competencies
Be able to develop a list of questions to ask your candidate
Conduct a structured interview
Evaluate and compare rating across interviewers
Know where to go to determine rate of pay

Positive Leadership: Roles Of The Leader

By |September 22nd, 2014|

Veterinary practices with positive leadership are more likely to have effective management, rewarding cultures and productive teams.  Although some individuals have natural talent and excellent leadership skills, all practice owners and managers can learn to become better leaders.

ROLES OF THE LEADER

Make sure you fulfill the following critical roles of a leader to drive the success of your practice.

Provide a Vision

Providing a vision for the entire healthcare team is the single most important role of the practice owner.  Employees cannot be expected to participate in a common effort if they don’t know the goals of the practice.  When team members know the vision and goals of the practice, they are more focused and understand how their individual role helps to drive the success of the business.

Establish Effective Organizational Structure and Communication Protocols

Set up a clearly defined organizational structure which includes an organizational chart outlining the chain of command and protocols for effective communication.  Members of the healthcare team need to understand […]

New General Manager of Pharmacy Lending

By |September 15th, 2014|

Monday, September 15, 2014 – Wilmington, NC – Live Oak Bank, headquartered in Wilmington, NC, the nation’s only bank whose sole mission is to provide financing to independent business owners, announced today that Jimmy Neil has joined the Bank as General Manager of the Pharmacy division.
Jimmy spent six years with Cardinal Health, most recently as the Vice President of Pharmacy Transition and Investment Strategy for the Retail Independent segment. Prior to that he spent four years with the Small Business Administration, lending to more than 1,500 small businesses. He is also a co-owner of two independent pharmacies in Louisiana.
“Jimmy is a major asset to Live Oak Bank,” said the Bank’s President, Neil Underwood. “His experience working with pharmacies in various stages of ownership transition enables him to add tremendous value to customers seeking financing. We’re thrilled to have him on board.”
“Live Oak Bank has a great reputation in the independent pharmacy space,” said Jimmy Neil. “I am excited to join […]

New FEC Conference Slated for Feb. 24-26

By |September 12th, 2014|

F2FEC, the new educational conference for the family entertainment trade, has set Pointe Hilton Tapitio Cliffs Resort in Phoenix, Ariz., as the venue for its inaugural event to be held Feb. 24-26.  F2FEC, short for Face 2 Face Entertainment Conference, is a North American conference for the benefit of entertainment center professionals including manufacturers, suppliers and operators under the expansive FEC umbrella including traditional family entertainment centers, bowling centers, roller skating, trampoline, water parks, hybrid parks and specialty entertainment center attractions  
 
“Environment and location are each vital to help create a great relaxed feeling and sharing attitude among attendees and we found this and more in the Pointe Hilton Tapitio Cliffs Resort” reported Ben Jones, one of the co-founders of F2FEC.
 
“The resort has great venues and the right mix of amenities which are so important for stimulating great conversations, and we have the space with freedom and flexibility to hold meetings, social functions and bar time in multiple locations both indoors […]

Live Oak Bank Partners with A Goodnight Sleepstore to Help Children in Crisis

By |September 10th, 2014|

Donation of New Mattresses to Open House Emergency Youth Shelter of Coastal Horizons Center, Inc.
Thursday, September 11, 2014 – Wilmington, NC – Live Oak Bank and A Goodnight Sleepstore announced that they are donating 11 new mattresses, box springs and mattress protectors to Open House Emergency Youth Shelter & Residential Services of Coastal Horizons Center, Inc.
Open House Emergency Youth Shelter & Residential Services is a 24-hour, 11-bed facility that is committed to improving the safety and well-being of abused and/or neglected and at-risk youth, ages 6 through 18, who are in need of a safe place to stay. While meeting the basic needs for food, clothing and shelter, Open House encourages youths’ personal growth through counseling services, vocational/educational and life skill building activities and recreational activities. All services are confidential and are provided at no cost to the youth or their families.
On average, Open House of Coastal Horizons Center serves about 60 youth each year. For many of these youth, […]

Dental Customer Spotlight: Dr. Mark – North Carolina

By |September 9th, 2014|

Dental Customer Spotlight

Dr. Mark, an Oral Surgeon in North Carolina shares his experience working with Live Oak Bank and building his practice from the ground up.

Key Performance Indicators: Monitoring Your Practice’s Financial Health

By |September 5th, 2014|

Key Performance Indicators (KPI’s) are quantifiable measurements, agreed to beforehand, that reflect the critical success factors of an organization.

To read the full presentation click here: Key Performance Indicators

GameTime Secures Live Oak Credit Facility

By |August 14th, 2014|

Florida FEC operator GameTime has closed on a multi-million dollar credit facility with Live Oak Bank. The proceeds of this transaction were used to refinance in whole the existing equipment loans and upcoming remodel of GameTime’s flagship location in South Miami, Fla.

“The streamlined process with Live Oak Bank has made it possible to refinance and position GameTime for growth,” said GameTime CEO Michael Abecassis. Founded in 2005 and headquartered in Davie, Fla., GameTime operates two high-volume entertainment venues and four inline, arcade-style amusement centers. To learn more, log on to www.gametimeplayers.com

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