Live Oak Bank

Live Oak Bank

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So far Live Oak Bank has created 181 entries.

Be aware of the downsides

By |June 18th, 2014|

Naturally, as with any investment, there are inherent risks in purchasing a business property, as well as predictable headaches that come with dental practice ownership.  For example, if the real estate market loses value over a long period of time after your purchase, or the character of the neighborhood changes for the worse, you risk losing equity and your practice may suffer.  Also, making a real estate purchase may require a large cash down payment that could be otherwise put to immediate use in growing your practice.  And of course, as a property owner you bear all the inconveniences and costs associated with property ownership, including maintenance and repairs, property taxes and impacts of zoning regulations.

But be aware that despite the various disadvantages, many dentists have made the leap to commercial property ownership in less favorable markets than the current one and realized significant success over time.

Top Notch Industry Speakers Share Valuable Information

By |June 11th, 2014|

Attendees of the LASERTRON May Conference were treated to a wealth of information pertinent to their businesses and future goals.
Industry leaders, Ben Jones and Michael Getlan presented “Customer Service & The Intangibles of Business” which ranked #1 as Most Helpful on the attendee surveys. Role playing, sharing of ideas, real world techniques and their many combined years of experience all contributed to a great presentation.
Ben Jones, representing Live Oak Bank presented “Business Plans: Show Me the Money” on the first day of the conference. It was not your typical “how to” write a business plan session, rather one from an equity investors and bankers perspective.
Here are just a few of the testimonials we received from attendees of the May Conference.

“A well needed injection of core knowledge and values to help me operate my center better”- Tony Houst-Space Entertainment Center

“As a manager of a location that runs LaserTron the information regarding management, hiring, training and customer service absolutely [...]

Funding Roundtable

By |June 10th, 2014|

Funding Roundtable 

By: Lauren Moore


For businesses like funeral homes, funding can be incredibly important. Whether you’re looking for preneed or at-need funding, or taking out a loan to start or expand your business, there are a lot of things to consider. Doug Gober, executive marketing director at Live Oak Bank, and David Mullen, senior vice president of Forethought Financial Group, answer some of our questions about funding for death-care professionals, how to stay on top of your finances and more.


What kind of funding services does your organization provide?

Gober: Live Oak Bank does lending, funding for any capital projects –anything from refinance, to acquisition, to construction of a new location. We do funding of all kinds of things. We don’t do factoring of accounts receivable and small loans, lines of credit, that kind of thing. We do exclusively the large funding required to buy, maintain or refinance a business. Anything a funeral home needs, from a capital standpoint, other than lines [...]

  • make a wish

    Live Oak Bank partners with Make-A-Wish® Eastern North Carolina to fulfill a little girl’s wish

Live Oak Bank partners with Make-A-Wish® Eastern North Carolina to fulfill a little girl’s wish

By |June 3rd, 2014|

Monday, June 2, 2014 – Wilmington, NC – Today, Live Oak Bank is hosting a send-off party for Jazzmin, an 11 year-old Make-A-Wish® child whose wish is to go to the Florida Keys to swim with the dolphins. It will be a highlight in her life, as she has been battling a genetic pancreatic disease since she was just 15 months old.

“A wish come true helps children feel stronger, more energetic, more willing and able to battle their life-threatening medical conditions,” expressed Janis Netherland, Director of Philanthropy in the Wilmington area for Make-A-Wish Eastern North Carolina.  “With 200 kids scheduled to receive their wish this year, the support of companies like Live Oak Bank is critical to ensure these wishes are granted.”

“We are so grateful to be a part of Jazzmin’s wish,” commented Laura Petty, Marketing Programs Manager at Live Oak Bank. “This is our second year being involved with this amazing organization that is making a difference in [...]

Practical Budgeting Tips Webinar

By |June 3rd, 2014|

Practical Budgeting Tips

The webinar was led by Rachel Gaylord, CPA, a Manager with Lacher McDonald & Co., CPA’s. Rachel’s focus is Accounting, Tax, and Practice Management Consulting to the veterinary profession. During the webinar, she will help you understand why a budget is important and discuss practical tips specific to a veterinary practice. The webinar is scheduled for one and a half hours and this includes time for questions from the attendees. Topics covered will include: • Why a budget is important • Identify current spending habits • How to set attainable goals • Distinguish between variable and fixed costs • How to monitor progress

  • three amigos

    Three Amigos Iceberg, Jones And Smith Plan F2FEC: Phoenix, Feb. 24-26

Three Amigos Iceberg, Jones And Smith Plan F2FEC: Phoenix, Feb. 24-26

By |June 2nd, 2014|

ROCHESTER HILLS, MN — Three longtime innovators in the family entertainment center industry are planning to stage a comprehensive FEC conference in February 2015. Rick Iceberg of C.J. Barrymores (Clinton Township, MI) again has teamed up with Ben Jones, Live Oak Bank (Rochester Hills, MI), and George Smith, Family Entertainment Group (Barrington, IL), to organize F2FEC (Face to Face Entertainment Conference). Known familiarly as the “Three Amigos,” all are veteran operators, industry supporters and active volunteers with 95 years’ combined experience in family entertainment.
The Amigos last joined forces for an FEC workshop in Phoenix under the auspices of the International Association of Amusement Parks and Attractions in 2013. “FEC Phoenix was groundbreaking, well received — and we feel that we only got it 70% right,” Iceberg said. “We can do better, do more, and we can create a better experience and value for everyone attending.” They therefore will return to Phoenix from Feb. 24 through 26 of next year with a pledge for the [...]

Tax advantages of ownership

By |May 28th, 2014|

Real estate property owners enjoy tax advantages unique to ownership, including the ability to write off mortgage interest as well as depreciate the value of any owned buildings over a 39-year period on a straight-line basis.  Both of these types of deductions reduce overall taxable income, saving cash flow that can be reinvested in the business. When these tax write-offs are combined with Section 179 deductions for purchasing equipment, the small business owner has a meaningful toolbox sponsored by the IRS for decreasing their tax burden and offsetting the inherent costs of property and business ownership.

Solve Problems For Clients

By |May 27th, 2014|

Despite your team’s best efforts, there will be times when service errors occur or clients become disgruntled about something.  Empower your staff to address and handle problems for clients when they occur.  Clients will be happier and impressed if your employees can quickly take action to resolve lapses in service or help them with their problems.  For example, if a client needs to pick up or drop off their pet outside the regularly scheduled time period, they will be thrilled when a team members works to accommodate their schedule.  Likewise, when breakdowns in communication occur, clients appreciate an apology and actions to improve communication.

Efforts to create an exceptional client service experience and promote a service-oriented culture are on-going.  Assess your service on a regular basis and formulate action plans to improve service when needed.

Aqueous Art by Sean Ruttkay

By |May 5th, 2014|

Recently, Live Oak Bank partnered with local Wilmington artist and photographer, Sean Ruttkay to outfit the Live Oak Bank headquarters with his Aqueous Art line as well as provide local photography solutions for Live Oak Bank marketing efforts. Through running his small business and his visual aesthetic, Sean captures our community of Wilmington, NC beautifully. Understanding the importance of local small businesses, Live Oak Bank supports Sean’s vision of Aqueous Art.

Influenced by the guiding principles of Evidence-Based Design (EBD), Aqueous Art captures the soft fascination found in water and when installed transforms physical environments into restorative spaces. Numerous studies have shown that occupants of these spaces gain substantial physiological benefits as well as tangible positive outcomes. Ruttkay says, “The infinite colors, forms, textures and sounds of water have the power to stimulate minds, change moods, and even heal the sick. Reproducing the powerful optic beauty of water is the mission of my work.”

Aqueous Art is found in various mediums [...]

Why Now is the Right Time to Buy

By |April 29th, 2014|

There are several key reasons why now is an excellent time to invest in commercial real estate.

Property prices have bottomed.  As with the residential market, commercial property values seem to have bottomed out.  In most markets today, a typical mortgage payment is equal to or less than a rent or lease payment.  At today’s CRE prices, you can retain more of your cash flow or acquire much more real estate for your investment than you might have just five years ago – all while investing in your future growth.

Abundant inventory.  In addition, commercial properties are currently available in abundance in most markets, providing an excellent opportunity to secure a prime location at a very reasonable price.

Rates at historic lows.  While business property rates will never be quite as low as those for residential properties, they are nevertheless mimicking the housing market with rates that are now at historic lows for commercial real estate. Your CRE loan today will cost [...]