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So far Live Oak Bank has created 220 blog entries.

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:” capacity, capital, character, 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 […]

Succession Financing: What’s Required for a Successful Transition

By |January 29th, 2015|

By: The Live Oak Bank Funeral Home Lending Team

With the baby boomer generation approaching retirement, more and more funeral home owners are preparing to transfer their businesses to new leadership. Approximately 2,000-3,000 funeral home owners are looking to affect a sale or succession plan at any given time. 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.

Many banks do not understand the intricacies of the funeral space or how to structure the loan to best benefit the borrower, making it difficult for the two parties to complete the transition in ownership. Frequently, a seller finances his interest in the business to a family member or long time employee. This does not allow existing equity to be sold for cash, preventing the seller from […]

The Amigos’ F2FEC is Something New

By |January 26th, 2015|

You might say it is a re-imagined industry conference or you simply describe it as bigger, badder, bolder and different than any other amusement industry conference before it. Amigo architects Ben Jones, Rick Iceberg and George Smith believe this new “conference” will make an impact on an entire industry and they hope in the lives of entertainment center operators, manufacturers and suppliers. We sat down with the Amigos on a recent trip to Orlando and discovered three serious guys deeply passionate about the FEC Industry and willing to invest time and money for the shared vision.

Read the full article here: The Amigos’ F2FEC is Something New

Performance Management Webinar

By |January 22nd, 2015|

By EASI-Consult

What does it mean to manage performance? In this webinar, we’ll talk about 5 key steps in a Performance Management Cycle and strategies to ensure that your employees are engaged and performing to their fullest potential.

You’ll also learn how to support your employees using simple techniques such as setting effective goals, holding employees accountable, supporting their work-life balance, practicing active listening skills, giving effective feedback, rewarding effective performance and more. Have you ever wondered how to address or reward those groups of employees who exceed, meet, or fall below your expectations?

 

Download the presentation here.

NCPA Ownership Workshop Scholarship Application

By |January 16th, 2015|

Live Oak Bank, in conjunction with the NCPA Ownership Academy, is proud to announce an Ownership Workshop Scholarship Program. Ownership Workshops are specifically designed for pharmacists considering pharmacy ownership or desiring additional management skills. The Workshop will assist pharmacists in the development of tools that will guide them in pharmacy ownership and enhance their current management skills. According to the NCPA:More than 50 percent of past Workshop participants now own their own pharmacy.
Workshop details:
Date/Time:    May 1 – May 3, 2015
Where:          Reno, NV
Date/Time:    August 21 – August 23, 2015
Where:          Charlotte, NC
Cost:              Live Oak Bank scholarship covers the scholarship for attending the Ownership Workshop at $1,000 per person.  This covers the registration fee, 2 nights lodging, 4 meals, workshop materials, and CE processing. Participant is responsible for travel arrangements and expenses. ***if you need additional hotel reservations you will need to let the NCPA know when you are awarded scholarship.
NCPA Ownership Workshop Live Oak Bank Scholarship Candidate Application March 2015
Submit your application to Sarah Powell, Loan […]

Live Oak Bank Begins Financing in the Wine and Craft Beverages Industry

By |January 13th, 2015|

 Live Oak Bank is excited to announce a new lending division offering financing to the Wine and Craft Beverages industry. After extensive industry research, Live Oak assembled a team of lenders and industry experts to address the need for financing to wineries, vineyards, breweries, distilleries and ancillary businesses in this space. Live Oak can provide funding for acquisitions, successions, partner buy-ins/outs, expansions, operating capital, refinances, loan payoffs and real estate.
The Craft Beverages industry, in particular the wine segment, is banked by an established, industry-specific financial community, but most existing lenders utilize conservative guidelines in their approach to credit.  Live Oak Bank 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.
“The Wine and Craft Beverages industry is in growth mode, and we’re excited to enable that growth through financing,” said Kay Anderson, General Manager of Emerging Markets at Live Oak Bank. “We will focus […]

Live Oak Bank supports another La Cima World Missions trip

By |January 7th, 2015|

With a team of three, Dave Sperows team brings relief to people in Erbil, Kurdistan, Iraq

Wednesday, January 7, 2015 – Wilmington, NC – For the past three years, Live Oak Bank has donated to the worldwide humanitarian efforts completed by La Cima World Missions. The founder, Dave Sperow, and the other two members of his team returned to the United States on January 1st after a 13-day mission trip to Erbil, Kurdistan, Iraq.

Side-by-side with physicians and other healthcare providers from the Kurdish Children’s Hospital in Erbil, they worked tirelessly in refugee/Internally Displaced People (IDP) camps. The goals of this mission were multi-faceted. Beyond providing dental care, the team also raised money to purchase clothes, food, medicine, blankets, boots, fuel and fire extinguishers.

The IDPs are mostly Christian, Yazidi and other religious minorities who have been forced from their homes by intense persecution from ISIS. Most of these people have had to run with only the clothes on their backs, and many […]

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