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So far Live Oak Bank has created 206 blog entries.

Terry Campbell to Lead Live Oak Bank’s Self-Storage Lending Division

By |March 25th, 2015|

Live Oak Bank is pleased to announce Terry Campbell as leader of its new division offering financing to the Self-Storage industry. Terry joins the Bank with over 20 years experience in the industry. He is the former VP of Sales and Marketing and EVP of Operations for a leading Self-Storage building manufacturer.

Live Oak assembled a team of lenders and industry experts to address the need for financing to the Self- Storage industry in all fifty states. The Bank offers up to 100% financing for new construction, real estate purchases, expansion of existing facilities, refinancing of current debt, and renovation.

The Self-Storage industry has faced certain limitations with existing financing including five and ten year balloons and conservative guidelines in their approach to credit. Live Oak plans to fill a financing gap for those established in the industry that have strong cash flow, but lack appropriate collateral to secure loans with conventional lenders.

“Self-Storage has been one of the fastest growing segments of […]

Industry Insights: Transferring Vet Practices to the Next Generation

By |March 19th, 2015|

Industry Insights with Dr. Glen Hoffsis

Transferring Vet Practices to the Next Generation

Mark Milton Joins Live Oak Bank

By |March 9th, 2015|

Live Oak Bank is proud to announce Mark Milton as the new General Manager of the Funeral Home Lending division. Milton joins the Bank with over 25 years experience in the Financial Services Industry. Most recently, Milton served as Executive Vice President and Director of Institutional Services at Regions Bank where he was responsible for over $38 billion in assets.

As part of this transition, Live Oak has promoted Stephanie Dunn to the Emerging Markets division as the Director of Channel Partner Relationships. In this new strategic role, Dunn will be instrumental in developing the Bank’s growth in new markets.

“We have built significant relationships in the Funeral Industry, and I am excited to see Live Oak continue to grow with Mark leading the charge,” stated Dunn. “I enjoyed my time in Funeral Home Lending and am excited to help the bank grow in new directions. This opportunity allows me to contribute to the lending strategy at the Bank, working to define […]

Succession Financing | Webinar

By |March 4th, 2015|

Succession Financing: What’s Required for a Successful Transition

With the baby boomer generation approaching retirement, more and more funeral home owners are preparing to transfer their businesses to new leadership. This creates tremendous opportunity for the younger generation to become business owners, but proper planning is necessary for a smooth transition. It is imperative for both current and future owners to know what is involved in planning a succession as well as the financing options available.

Thank you Kates-Boylston for hosting the webinar!


US Beverage Industry Expo Appoints Live Oak Bank Executive as Advisory Board Chair

By |February 26th, 2015|

Healdsburg, Ca, Feb. 25, 2015—Wine Industry Network today announced that Jeff Clark, General Manager of Live Oak Bank’s Wine and Craft Beverage Group, a dedicated lending team for breweries, wineries, vineyards, and distilleries, will chair the US Beverage Industry Expo Advisory Board. This group of beverage industry leaders will provide expertise and guidance in the creation of the inaugural trade show and conference taking place February 16-18, 2016 at the Wardman Park Marriott in Washington DC.

“The wine and craft beverage factions have very interesting dynamics, particularly at this point in time. Their synergies are complimentary and possess unlimited possibilities,” says Clark. “The opportunity to help shape an event that brings these groups together, in a unifying city like DC, creates great potential for the beverage industry as a whole.”

The US Beverage Industry Expo will focus on the Wine, Craft Beer, Cider, and Spirits industries and will feature products and services from 300 of the industry’s best suppliers. An educational conference […]

Common Terms Used in Lending

By |February 23rd, 2015|

Buying, Selling, Renovating, or Refinancing?
Terms to know when meeting with your lender.

When it comes to financing your funeral home, several questions will arise. What type of loan suits my needs? What questions should I ask my lender? What should I be prepared to tell my lender?

Jargon used by lenders is not typically used in your daily work. This can make the loan application process tedious and intimating. On the other hand, terminology of a funeral home business may not be familiar to every banker! Working with a lender who understands business financing and the funeral industry can facilitate the process.

Familiarizing yourself with the following terms will help you prepare for conversations with your lender.

Loan Term

The period of time over which the loan is to be repaid.

Loan Amortization

The period of time over which the loan payments are calculated. A loan’s payments may be calculated over a period that is longer than the loan’s term.

Balloon Payment

A large single payment required at the […]

Announcing Our Partnership with Bowling Proprietors’ Association of America (BPAA)

By |February 12th, 2015|

Live Oak Bank is pleased to announce today its partnership with the Bowling Proprietors’ Association of America (BPAA). As part of the BPAA’s “Smart Buy” program, member centers will now have access to financing options specifically addressing the needs of the Bowling and Entertainment industry.

“Live Oak Bank is thrilled to be selected by the BPAA as a trusted partner,” said Ben Jones, Domain Specialist for the Bank’s Entertainment Center division. “Like the BPAA, Live Oak is committed to this industry, offering financing for a sector that is sometimes overlooked. “

“We are excited that Live Oak Bank has joined our exclusive Smart Buy program,” Tom Martino, BPAA President stated. “Our program is very selective, and adding a partner like Live Oak who is equally invested in the betterment of BPAA members is a great step towards growing this industry.”

Live Oak Bank offers financing solutions to family entertainment centers, bowling centers, roller skating centers, small parks and water parks nationwide. The Live […]

5 C’s of Credit | Funeral Home Lending

By |February 9th, 2015|

The changing face of the funeral industry presents both opportunities and challenges to funeral home owners. With cremation rates continuing to rise, funeral home owners are adjusting their typical business models. With aging funeral home owners passing down their businesses, there is a change in ownership to the younger generation. These changes often require financing, whether there is a need to refinance existing debt, acquire another funeral business, finance a succession, expand or remodel.

Regardless of the type of financing needed, a bank or lending institution will be interested in both your business and personal financials. To determine the risk associated with making a loan, a lender will perform a credit analysis.

Credit analysis is governed by the “5 Cs:” credit, character, capacity, collateral, and condition.

• Capacity (Cash flow): The lender wants to know that your business is able to repay the loan. The business should have sufficient cash flow to support its business expenses and debts comfortably while also providing principals’ salaries sufficient to support personal […]

3 Tips for Veterinary Construction Financing

By |February 9th, 2015|

At Live Oak Bank, we have the opportunity to finance veterinary construction projects across the country. While some factors are consistent with any industry, veterinary practices have unique requirements and considerations.  Here are 3 tips from our years of experience with veterinary construction projects.


Determine the maximum amount of financing your practice can support

You want your new construction to increase business, not crash your business because you bit off more than it can handle. Instead of first paying an architect to design a spectacular new building only to realize later that the financials of your practice cannot support the associated debt, go into the design and build process understanding what you can afford. You will want to work with a lender with experience in veterinary construction financing. Based on historical financials and the business’s cash flow, the lender will determine what the business can support.

When determining the loan amount, obviously the cost of the design and build are a large portion […]

​5 Things You Need To Start an Agriculture Loan

By |February 5th, 2015|

Thinking about taking out an agriculture loan to finance your new chicken farm? There are a few things; five to be specific, that you will need to start the process. We specialize in Agriculture construction financing, and our team has over 60 years of experience in this industry. We will work directly with you to fulfill your dreams of starting your own farm in the growing poultry industry.

First, you will need to identify a tract of property that is a suitable to build on. This property must be zoned and comply with local setbacks. Additionally, it can not be located in an environmental sensitive area.

Next, a Letter of Intent from a poultry company. This letter ensures the borrower that the company will place birds in the houses once construction is complete.

Don’t forget about proper permits! Comprehensive Nutrient Management Plan, Stormwater Permit, Erosion Control/Site Plan, CAFO permit (if necessary), and a building permit, to name a few.

Then you will need complete bids […]

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