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So far Live Oak Bank has created 212 blog entries.

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 […]

Why Now Is A Great Time To Build Your Practice

By |January 5th, 2015|

If you’ve been thinking about building your own dental practice, now’s a great time to jump in.  Market conditions continue to support favorable mortgage rates and construction costs. In addition, owning your commercial property still appears to be a reliable and potentially profitable investment for your future.
Favorable commercial property values
Commercial property values are at their lowest level in decades, providing purchasers an opportunity to obtain far more for their investment than they could have just a few years ago. Plus, property values are likely to increase over time as the economy recovers, making commercial real estate a relatively secure long-term investment. Commercial property can also become a potentially valuable source of retirement revenue – either through outright sale of your practice and the underlying property, or through sale of your practice and lease of the property, creating a life-long revenue stream.
Historically low mortgage rates
As with residential properties, commercial real estate mortgages continue to be at historically low levels. Today it is […]

Investment Advisory White Paper

By |December 30th, 2014|

How Access to Financing Affects Advisors Plans for Business Succession
Planning for an orderly business succession seems to be one of those professional best practices more honored in the breach than the observance, especially among financial advisors. Independent research shows that fewer than 40% of all advisors—including those affiliated advisors who count on their broker-dealers to provide a backup plan—have a succession plan. Among Registered Investment Advisors, 36% report having a succession plan. In addition, those advisors who have taken the time to craft a plan have not necessarily mastered the logistics for executing it successfully. This study examines the importance of available financing to advisors’ confidence in being able to fulfill their succession plans.

Read the full article here: Live Oak Bank Investment Advisory White Paper

Know The Key Players In Your Loan Process: Borrower

By |December 22nd, 2014|

When you apply for financing for a dental practice purchase, startup or construction project, you’re engaging not only your lender, but a whole group of specialists who bring your loan to fruition. Understanding the roles of the players who create and deliver your loan package can help you gather the appropriate information and more easily navigate the financing process.
So who are the players in the loan process?
Borrower
As the borrower, your role is to make sure there are no holes in your financial story. The more complete your application package is, the easier you will make the process for the bank, and for you. Furthermore, a clean, well-organized and complete package can leave a positive impression that may serve you well in the future when seeking additional funding.
If you are requesting funding for a startup dental practice, be sure to include a thorough business plan. For a practice acquisition, expansion or construction loan or refinancing package, lenders typically require your business […]

Know The Key Players In Your Loan Process: Closer

By |December 17th, 2014|

When you apply for financing for a dental practice purchase, startup or construction project, you’re engaging not only your lender, but a whole group of specialists who bring your loan to fruition. Understanding the roles of the players who create and deliver your loan package can help you gather the appropriate information and more easily navigate the financing process.
So who are the players in the loan process?
Closer
Once a commitment is made by the institution to provide financing, the closer assembles, verifies and prepares closing documents in order to complete the loan transaction. The closer arrives at detailed and accurate financial numbers, prepares all required paperwork for the borrower to sign, and walks the borrower through documentation to make sure everything is understood and the deal is successfully completed or closed. The closer also ensures proper funding of the loan.

Live Oak Bank Announces Financing to Texas-based Pinballz

By |December 16th, 2014|

Tuesday, December 9, 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 financing to Pinballz Arcade and Pinballz Kingdom. The original business, Pinballz Arcade, is based in Austin, TX, with Pinballz Kingdom recently opening a second location in Buda, TX, on the south side of Austin.

Owned and operated by Darren Spohn, Pinballz obtained 100% financing to assist in refinancing existing debt and to provide additional working capital for the renovation and purchase of equipment at the new Buda location.

“Live Oak Bank’s friendly and professional team made it a point to fully understand our business, and even assigned an FEC advisor who was extremely knowledgeable in the industry and served as an active and valued advisor,” said Darren Spohn, President and CEO of Pinballz Arcade.  “The entire management team showed a genuine interest in our success more than just making a return […]

Know The Key Players In Your Loan Process: Chief Credit Officer

By |December 16th, 2014|

When you apply for financing for a dental practice purchase, startup or construction project, you’re engaging not only your lender, but a whole group of specialists who bring your loan to fruition. Understanding the roles of the players who create and deliver your loan package can help you gather the appropriate information and more easily navigate the financing process.
So who are the players in the loan process?
Chief Credit Officer
The chief credit officer holds a senior management level position, often working in conjunction with the bank’s board of directors and senior officers to ensure the quality of the bank’s lending portfolio. The chief credit officer has the final say on whether or not to lend, providing ultimate approval or disapproval of each loan application that comes through the bank’s door. An experienced CCO can review and approve or reject a loan application in about 48 hours. The chief credit officer may also create policies and guidelines for granting credit to the […]

Will Your Pharmacy Survive Winter Holiday’s?

By |December 3rd, 2014|

What if we told you it’s possible to do more than just “survive” this Holiday Season?
Black Friday has officially kicked off this year’s busy retail season, and you may be wondering how you will survive Christmas 2015. We know firsthand that major shifts in customer volume and stock shortages are hard to predict. Nevertheless, we want to assist you in taking care of the things that you can control. And, to help you eliminate stress and make sure your operations run smoothly, we created a simple list of practical tips that will help prepare your pharmacy for the Holiday Season.

Make sure your shelves are properly stocked, so customers who come in to purchase specific items don’t have to wait in the long lines just to ask if you have more. On the flip side, avoid packing shelves with too much merchandise: displaying fewer items creates the sense of urgency and motivates customers to buy while supplies last.

Place products strategically throughout […]

Nancy McCann Receives NAGGL’s Advanced Lender Diploma

By |December 2nd, 2014|

On October 29, 2014, Nancy McCann of Live Oak Bank received NAGGL’s (National Association of Government Guaranteed Lenders) Advanced Lender Diploma recognition. As the 20th person in the United States to receive this award, McCann stands with seasoned Small Business Administration professionals who have proven to have in-depth knowledge of both lending and the SBA.

To successfully meet the requirements of NAGGL’s Advance Diploma Program, McCann completed advanced courses on the SOP 50 10, Cash Flow Analysis, Loan Documentation and Closing, and Loan Servicing and Liquidation. In addition, she successfully completed the Final Application Project further displaying her expertise on loan process.

Nancy McCann graduated from Peace College with an Associate of Arts degree and Meredith College with a Bachelor of Arts degree and a Paralegal Certification.  Over the past 17 years, she has worked with national lenders in many aspects of the U.S. Small Business Administration program, including compliance, closing and servicing.  Nancy started with Live Oak Bank in 2009 as […]

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