Free Webinar Featuring Funeral Home Renovation 101

During the webinar Renovation 101: Upgrade and Improve You Funeral Home, Kelly TerWisscha from TWC Construction and Tim Bridgers from Live Oak Bank share the trends leading funeral professionals to renovation their facilities, the steps to completing a renovation project and the financing options.

Watch the presentation here.

 

Q: What trends do you see that are creating a need for renovations and upgrades?

A:Having been in the industry for some time, we have seen changes in the industry. One change many funeral homes are experiencing is the rise in cremation. Often a renovation is necessary to add a crematory or make it accessible to families who want to take part in the cremation process.

Another trend we are seeing is an increase in celebration services, which creates a need for flexible spaces. We see funeral homes create reception spaces that are more modern. You can design a multipurpose area with a floor plan reconfiguration or an addition to the current facility.

Regarding design trends, we still see a warm, homey feel. You want families to be comfortable when they arrive. However, we see newer funeral homes are typically brighter with higher ceilings. It’s not as somber feeling as what you often see.

 

Q: What financing options are there for funeral home renovations?

Depending on the size and scope of the project, there are different loan options to meet your needs. Projects like lobby renovations and new equipment purchases between $75,000 and $350,000 may qualify for Live Oak’s expedited loan process. This process features minimal collateral requirements, minimal equity and 10 year terms with no prepayment penalties. For larger projects, like additions that add square footage or exceed $350,000, we will work with you and your contractor throughout the construction process, so you can focus on running your business.

 

Q: Do you typically recommend the facility close operation during the renovation?

Both TWC and Live Oak want you to remain profitable during the renovation. If you have a second location where you can operate, you can often save money if you close during the renovation. Typically, the project can be completed faster. However, if you don’t have another location, we do not want to see you lose business or turn away families at need. Our goal is to be flexible with the operation of the funeral home so that you can remain open.

 

If you have questions regarding your project, contact us today!

Tim Bridgerstim.bridgers@liveoakbank.com

910.685.7446

 

Kelly TerWisschaktw@twcinc.com

320.235.1664


Financing Makes New Bowling Center Dreams a Reality

Jon Tang & Thomas Burke

Sunset Lanes & Kingpins- Portland, Oregon

At Live Oak Bank we have the pleasure of helping Bowling Centers attain the financing they need to make their business dreams a reality. But we pride ourselves on being more than lenders; we strive to become trusted business partners. Working with Jon Tang and Thomas Burke was one such opportunity.

Tang and Burke have successfully operated Sunset Lanes on the west side of Portland in the suburbs of Beaverton for the past 15 years. They always wanted a second location on the east side of Portland. When the opportunity became available, they knew they would need partners for success. The industry experts at Brunswick and Live Oak were able to help guide them.

When it came time to find financing they solicited the services of four bank and received three letters of intent. They chose Live Oak because we understood the FEC and bowling business the best, we had the best terms, and we were the easiest to work with. “The large banks just did not understand our business,” said Mr. Tang. “They treat the FEC business like a high-risk restaurant where 80% fail within the first two years, but Live Oak had great experience with the FEC business and understood our project better than any other bank.”

Click here to learn more about Live Oak’s bowling center financing.


Improve Your Cash Flow by Managing Receivables, Expenses & Debt

Join Live Oak Bank and Selected Independent Funeral Home Educational Trust for Part 2 of the Cash Flow Webinar Series.

Thursday, March 3, 2 pm Eastern

You’ll be given three practical ways to better manage your cash flow during the second webinar in the Live Oak Bank’s 3-part series of financial tips for independent funeral home owners and employees, exclusively offered through the Selected Educational Trust.

As a business owner, you want/need ways to improve your bottom line. Are there ways to cut expenses? How can you better serve your families while also improving profits? If you’ve asked these questions, then you may be looking to improve your cash flow.

Presenter Information:
Tim Bridgers, Loan Officer, Live Oak Bank

Tim Bridgers joined Live Oak Bank in 2014 with over ten years of valuable business and entrepreneurial experience. Tim studied Mechanical Engineering at the University of North Carolina at Charlotte, Business at the University of North Carolina at Wilmington, and completed his Finance degree at Liberty University. This diverse education prepared Bridgers for success in sales, marketing, and management. Tim is a former business owner and developer of two successful companies, and understands the challenges business owners face. He is dedicated to assisting small business owners in the Funeral industry become and remain successful.

SIFH Members: $ 15.00 per location
Non-Members: $ 35.00 per location

Register here!


Claim Your Veterinary Acquisition Guide

Join the Live Oak Bank Veterinary Team at the Western Veterinary Conference for a Special Presentation.

Brian Faulk and Jessica Trichel, DVM will share how to prepare for purchasing a veterinary practice. From understanding the loan process to assembling your team, we will look at common challenges and how to succeed. For those who are interested in practice ownership, this is a presentation you won’t want to miss.

The first 25 attendees to RSVP will receive a free copy of Live Oak Bank’s Veterinary Practice Acquisition Guide at the presentation. This guide includes tips for ownership transition, practice management and marketing.

Approaching Practice Ownership
Western Veterinary Conference
Tuesday, March 8, 2016
6 PM – 8 PM

RSVP today!


2016 Live Oak Bank Cornhole Tournament

**UPDATE 4/25/16: The tournament is now FULL! However, if you’re attending CBC & still desire to participate, please still submit the form below and we will place you on a waitlist in the order in which forms are received. If spots open up, we will contact brewers individually in that order. Thanks!

Live Oak Bank’s Craft Brewery Lending Team wants you and a team from your brewery to play in its inaugural, doubles-play cornhole competition at CBC Philadelphia. The tournament will be played over two days and will feature breweries facing off to win a $3,000 Grand Prize and claim the Cornhole Championship Belt!

Date & Times: Wednesday & Thursday, May 4 & 5, 2016
• Day 1 – Pod Play Round – 1 hour per team starting at 11:00am*
• Day 2 – Single Elimination Rounds – Up to 2 hours per team if advancing to the final match starting at 11:00am*

Location: Craft Brewers Conference, Philadelphia Convention Center
1101 Arch Street, Philadelphia, PA 19107, Concourse Outside of Exhibit Halls D & E

Prizes: 1st Place: $3,000 | 2nd Place: $1,000 | 3rd Place: $500

Ready to play? Register using the form below & someone will reach out to you to confirm your spot.

  • Player 1

  • +Mobile phone info is being collected for the sole use of text message and/or call alerts during the tournament to let players know when & where they need to be to play their next cornhole match.
  • Player 2

  • +Mobile phone info is being collected for the sole use of text message and/or call alerts during the tournament to let players know when & where they need to be to play their next cornhole match.
  • Player 3

  • +Mobile phone info is being collected for the sole use of text message and/or call alerts during the tournament to let players know when & where they need to be to play their next cornhole match.
  • Player 4

  • +Mobile phone info is being collected for the sole use of text message and/or call alerts during the tournament to let players know when & where they need to be to play their next cornhole match.
  • By submitting this form, I indicated that I have read, understand, and agree to the competition rules and prize terms associated with this tournament. I also acknowledge that myself and all eligible participants will be required to sign a liability waiver form at check-in on the first day of the event in order to play in this tournament.

 


How You Can Improve Your Dental Practice In 3 Simple Ways

2016 is here, and it is time for a fresh start.

Are there things you can accomplish during 2016 that will improve your dental practice? Here are three areas in which most practices could find room for improvement: revenue growth, practice efficiency, and marketing.

Revenue Growth

How can you generate more revenue? Are there any new services you can add? Is it time to consider extended hours? Is your fee schedule in need of updating? Now might be a good time to make these changes.

Practice Efficiency

How efficient is your practice? Are you paperless yet? If not, it’s time. Paperless practices have proven more efficient and profitable. Also, do you have enough staff to run an efficient practice? Proper staffing also lends to greater efficiency, not to mention stronger morale as workloads are balanced.

Marketing

Finally, evaluate your marketing. Would facility upgrades improve your client experience? How about your reminder system? If you are still using snail mail, it’s time to look at providers offering email and text reminder options. Are you doing anything to promote your practice in the community? Maybe it’s time to join a business networking group or your local Chamber of Commerce. Do you need to increase your use of social media? Maybe it’s time to try digital advertising. Marketing can be anything that draws new customers and drives more referrals.

Do you have other ideas on how you can improve your practice?

Make a list and narrow it down to three items you want to get done this year to improve your dental practice and enjoy greater profitability. Set deadlines for yourself, and post your goals somewhere you can see them to hold you accountable.

 


How To Claim Your Funeral Home Business on Google

As a funeral home owner, marketing your business is critical to your overall financial success. As more families research funeral homes online prior to making a decision, it is important to have an attractive website that appears in search engines. Having your funeral home’s website properly optimized for search engines such as Google will help you be easily found online. Claiming your practice through Google is one easy way to enhance your online presence and as such increase business.

What does it mean to “Claim Your Business?”

If someone is using Google as a search engine to locate a funeral home within provided search criteria (city, state, zip code), results likely produce lists of local businesses or Google Places pages. Google allows you to include business information like address, contact information and other important operational information, which becomes searchable to your customers. This is often the first place a guest will find you. A “claimed” page looks much better than an unclaimed page that may drive guests away.

How do I Claim My Business?

To get started, you just need to create an online listing and verify your business for free with Google My Business. This will guide you through a simple process to update your information. After you claim your business, monitor your listing frequently to check on reviews and postings from guests.

Streetviews

Google also allows you to invite potential customers inside for a virtual tour of your funeral home giving them a turn-by-turn 360-degree view. Future customers are able to view the areas you choose, including the reception area, arrangement room and chapel. Providing the virtual tour will build trust and ease the decision by allowing families to see your location before they arrive. It’s a simple process of selecting a certified and trained Google photographer in your area, scheduling time for a photo shoot and sharing the photos with the world. Learn more and request a business shoot here.

Since Live Oak Bank is a small business lender, we are advocates for tools that help small businesses grow and succeed. Claiming your business on Google is just one more way to market your funeral home and grow your business.

 


3 Easy Ways to Improve Your FEC Business in 2016

The New Year is here, and it’s time for a fresh start! Ask yourself: “How can I improve my business in 2016?” There are three areas in which you might find room for improvement: revenue growth, efficiency, and marketing.

Revenue Growth

How can you generate more revenue? Are there any new attractions you can add? Is it time to consider extended hours? Do you need to update your pricing structure? Should you consider adding food and beverage services? The new year may be a good time to make these changes.

Efficiency

How efficient is your business? Are you paperless yet? Do you need to upgrade your technology so your staff can work more efficiently? Take the time to do an efficiency audit and adjust accordingly.

Marketing

Finally, evaluate your marketing. Would facility upgrades improve your clients’ experience? Does your staff need training on new attractions or how to better sell your services? Are you doing anything to promote your business in the community? Do you need to increase your use of social media? You can think about marketing as anything that draws new customers and drives more referrals.

Consider these three areas and others you think could use improvement. Now, make a list, and narrow it down to three items you want to get done this year to improve your business and enjoy greater profitability. Make sure you set deadlines for yourself and post your goals somewhere you can see them.

Good luck and enjoy a happy and prosperous 2016!

 


How To Claim Your Vet Practice on Google

As a veterinarian, marketing your practice is critical to the overall financial success of your business. Having your practice’s website properly optimized for search engines such as Google will help you be easily found online. Claiming your practice through Google is one way to enhance your online presence and as such increase business.

What does it mean to “Claim Your Business?”

If someone is using Google as a search engine to locate a veterinary practice within provided search criteria (city, state, zip code), results likely produce lists of local businesses or Google Places pages. Google allows you to include business information like address, contact information and other important operational information, which becomes searchable to your customers. This is often the first place a guest will find you. A “claimed” page looks much better than an unclaimed page that may drive guests away.

How do I Claim My Business?

To get started, you just need to create an online listing and verify your business for free with Google My Business. This will guide you through a simple process to update your information. After you claim your business, monitor your listing frequently to check on reviews and postings from guests.

Streetviews

Google also allows you to invite potential customers inside for a virtual tour of your practice giving them a turn-by-turn 360-degree view. Future customers will get to see the layout, exam rooms and the overall look of your business. It’s a simple process of selecting a certified and trained Google photographer in your area, scheduling time for a photo shoot and sharing the photos with the world. Learn more and request a business shoot here.

Since Live Oak Bank is a small business lender, we are advocates for tools that help small businesses grow and succeed. Claiming your business on Google is just one more way to market your veterinary practice and grow your business.