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So far Live Oak Bank has created 181 entries.

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 [...]

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 [...]

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

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 [...]

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.

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    Key Performance Indicators: Monitoring Your Practice’s Financial Health

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

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    Live Oak Bank & Gober Strategic Capital Announce New Partnership

Live Oak Bank & Gober Strategic Capital Announce New Partnership

By |August 29th, 2014|

LIVE OAK BANK & GOBER STRATEGIC CAPITAL ANNOUNCE NEW PARTNERSHIP

After working with Live Oak Bank to help build its Death Care lending programs, Doug Gober launches a new enterprise.

WILMINGTON, NC – August 28, 2014 – Doug Gober, Live Oak Bank’s Director of Death Care Marketing is leaving the bank to launch a new business, Gober Strategic Capital. The new business will assist Funeral Business professionals with the demands of a rapidly changing industry, and consult with clients on a wider range of issues, including but not limited to financing.

Having lent over 200 million dollars to funeral home and cemetery owners nationwide, Live Oak Bank has emerged as the industry leader in finance and will continue to focus on those efforts. Gober Strategic Capital will work to be a source of new loan business for Live Oak in the future, referring new deals where financing is needed.  “Live Oak has become a tremendous source of capital for our industry,” Gober said.  [...]

Live Oak Bank Funds Multi-Million Dollar FEC Transaction

By |August 28th, 2014|

Live Oak Bank, headquartered in Wilmington, NC, the nation’s only bank whose sole mission is to provide financing to independent business owners, announced that it has  funded a multi-million dollar FEC transaction to Florida FEC operator GameTime, refinancing existing loans and providing 100% of the new capital needed to remodel GameTime’s flagship location in South Miami, Florida.

“Live Oak Bank had a unique, personal touch,” said GameTime CEO Michael Abecassis. “They took the time to visit each of our locations, and spent one-on-one quality time to discuss my vision and goals. I feel as if we structured the perfect loan and moreover I really have a partner in Live Oak moving forward.”

“We are committed to making a difference in the amusement industry,” said Live Oak Bank FEC Expert Ben Jones. “It is a great feeling to help people do meaningful things. Having access to both experience and capital is a positive change in the industry, and we are excited to [...]

Live Oak Bank Sponsors Four Best Friends® Strut your Mutt

By |August 22nd, 2014|

Live Oak Bank Sponsors Four Best Friends® Strut your Mutt Walks throughout the Country

Thursday, August 21, 2014 – Wilmington, NC – Best Friends Animal Society® is the nation’s leading organization advocating a no-kill approach to helping homeless animals. Since 1984, the charitable organization has helped reduce the number of animals euthanized in the United States each year from 17 million to 3 million. The non-profit’s programs combat euthanization by putting animals on the path to adoption.

In 1995, Best Friends started a small dog walk event in its home state of Utah. Since then, Best Friends has taken Strut Your Mutt® beyond its Salt Lake City birthplace to 12 major cities throughout the U.S. In 2013 alone, Strut your Mutt raised $1.7 million with 15,000 walkers accompanied by their 12,000 four-legged friends.

What makes this event special in the world of non-profit organizations is that Best Friends Animal Society provides the infrastructure for the events but allows local organizations to benefit [...]

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

Live Oak Bank Crosses Investment Advisory Lending Milestone

By |July 22nd, 2014|

$100 Million in loans have been made to Investment Advisors nationwide

WILMINGTON, NC – July 1, 2014 – Live Oak Bank, the nation’s only bank whose sole mission is to lend to independent business owners, announced today that it has  extended a total of $100 million dollars in loans to Investment Advisors, reaching this milestone after only sixteen months of lending activity.

Advisors have taken advantage of the Bank’s lending programs to acquire other firms, purchase books of business, finance succession plans, tuck-in advisors to their platforms, gain access to working capital and buy their corporate real estate.

“When we launched this specialty, there was a real lack of capital available to financial advisors who wanted to grow their business. By reaching this milestone we have proven our theory that advisors are eager to leverage financing to achieve their objectives,” said Steve Smits, General Manager of Investment Advisory Lending.

Live Oak Bank’s Investment Advisory vertical debuted in late 2012. With financing in great [...]