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So far Live Oak Bank has created 211 blog entries.

Preparing for the Sale of Your Business – Putting Your “Financial House” In Order

By |November 26th, 2014|

There are many reasons why an owner or operator decides it is the right time to sell his or her small business, whether it be retirement, relocation or many other personal or financial reasons.  And once that decision is made, there is often an expectation of what the purchase price should be – based on any number of sources, but in fact, the ultimate sale price will be based on a combination of asset values, annual revenues, multiples of earnings and/or other possible intangible considerations.

In order to maximize the company’s value and therefore achieve the highest possible sale price, a seller should begin planning long before going to market.  An owner should be prepared to deliver the types of information and analyses needed for a potential buyer and his or her financial advisors to assess and validate the true economic results of the business.  A broker or consultant with industry and financial experience can help set realistic expectations about the […]

Know The Key Players In Your Loan Process: Lender

By |November 24th, 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?
Many borrowers tend to believe their lender is responsible for approving their loan application. The true role of the bank lender is to provide the interface between you and the financial institution by collecting the information necessary to prequalify you for funding and ultimately gaining loan approval from others in the bank. The lender ensures that the borrower represents a reasonable financial risk for the institution, and the financial institution is able to offer a favorable financing package. Once all the necessary information is collected from the borrower, the lender packages the loan request […]

Beyond the Boardroom

By |November 20th, 2014|

As seen in American Funeral Director

By: Patti Martin Bartsche

Stephanie Castagnier Dunn is a woman with an attitude and an aptitude for business and people. From humble beginnings, she’s overcome tremendous personal hardships and disadvantages to become a force to be reckoned with in death-care lending.

There are many ways to describe Dunn, general manager, death-care lending, for Live Oak Bank: former reality show contestant, astute businesswoman, philanthropist, author and national speaker, to name a few. But ask the Montreal-born Dunn to describe herself, and the first thing you’ll likely hear is “fighter.” “I was raised to be a fighter … to go for it, take a risk and not take no for an answer,” Dunn explained. “It has always been (that) I am starting from the bottom and need to work twice as hard as everyone else. I always need to be two steps ahead of the pack.”

Dunn’s fighting spirit is serving her well these days. As general manager, death care lending, for the Wilmington, North Carolina-based, Live Oak Bank, Dunn is championing the cause for funeral […]

Live Oak Bank sponsors paws4people’s Inaugural Casino Night Charity Event

By |November 13th, 2014|

November 13, 2014 – Wilmington, NC – Live Oak Bank is proud to be the Presenting Sponsor for the inaugural Casino Night Charity Event for paws4people at the City Club de Rosset on Saturday, November 15, 2015. The evening will include cocktails and hors d’oeuvres while guests play the traditional casino games of Blackjack, Craps and Roulette. All proceeds from the fundraiser will go towards training, which typically costs an estimated $35,000 per dog.

“We are so grateful Live Oak Bank is making our inaugural Casino Night Benefit possible,” expressed Kyria Henry, Founder and CEO of paws4people Foundation. “This event will allow us to place even more life-changing Service Dogs with children and veterans at no cost to the recipients.”

“Live Oak was founded in 2008 as a bank that lent solely to veterinarians,” stated Vince Dailey, General Manager for Live Oak Bank’s Veterinary Division. “Over the years, we have diversified our portfolio, but we remain loyal to the veterinary community and […]

Live Oak Bank Receives NCPA 2014 Corporate Recognition Award

By |October 23rd, 2014|

Austin, Texas (October 19, 2014) – Live Oak Bank was honored today with the National Community Pharmacists Association (NCPA) 2014 Corporate Recognition Award. The award was given during NCPA’s 116th Annual Convention and Trade Exposition in Austin. This award recognizes a company for its support and work on behalf of independent community pharmacies.

Since announcing a collaboration with NCPA at the association’s convention in 2010, Live Oak Bank has become the largest lender to independent community pharmacies nationwide.

The growth in targeted pharmacy lending can be attributed to Live Oak Bank’s commitment and demonstrated expertise in community pharmacy, as well as navigating prospective owners down a path to pharmacy ownership. The ability to structure financing with minimal cash and seller participation encourages entrepreneurship and demonstrates Live Oak’s recognition of a pharmacy’s earning power, along with the value that the previous owner has built for many years. As a result, financing acquisitions, expansions, and new construction and refinancing existing debt is easily accessible, […]

Live Oak Bank Reveals the Answers that Borrowers Want to Know

By |October 21st, 2014|

Stephanie Castagnier Dunn, general manager of the death-care lending group at Live Oak Bank, isn’t shy about revealing the answers to questions that often go unanswered for funeral professionals.

On a recent webinar organized by Kates-Boylston Publications, she answered numerous questions from participants, including:

Why do funeral homes typically borrow money?

In addition to buying a competitor or adding a new location, funeral homes

often get a loan so they can renovate existing facilities, improve their branding or launch a new brand or make the necessary investments to offer a wider scale of events.

How much does a bank think my funeral home is worth?

A rule of thumb, Dunn says, is that a bank will value your funeral home at two times its gross revenue. “So if your funeral home had revenue of $818,000, most bankers would think of a purchase price of $1.6 million,” she says.

What if my real estate is really valuable?

That’s a question Dunn and other bankers get all the time, but […]

Selection 101 Webinar

By |October 16th, 2014|

By the end of this webinar, you will be able to:

Describe and put on paper the process you use to select employees
Have access to possible job descriptions for each of your positions
Know the difference between behavioral and technical competencies
Be able to develop a list of questions to ask your candidate
Conduct a structured interview
Evaluate and compare rating across interviewers
Know where to go to determine rate of pay

Positive Leadership: Roles Of The Leader

By |September 22nd, 2014|

Veterinary practices with positive leadership are more likely to have effective management, rewarding cultures and productive teams.  Although some individuals have natural talent and excellent leadership skills, all practice owners and managers can learn to become better leaders.


Make sure you fulfill the following critical roles of a leader to drive the success of your practice.

Provide a Vision

Providing a vision for the entire healthcare team is the single most important role of the practice owner.  Employees cannot be expected to participate in a common effort if they don’t know the goals of the practice.  When team members know the vision and goals of the practice, they are more focused and understand how their individual role helps to drive the success of the business.

Establish Effective Organizational Structure and Communication Protocols

Set up a clearly defined organizational structure which includes an organizational chart outlining the chain of command and protocols for effective communication.  Members of the healthcare team need to understand […]

New General Manager of Pharmacy Lending

By |September 15th, 2014|

Monday, September 15, 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 today that Jimmy Neil has joined the Bank as General Manager of the Pharmacy division.
Jimmy spent six years with Cardinal Health, most recently as the Vice President of Pharmacy Transition and Investment Strategy for the Retail Independent segment. Prior to that he spent four years with the Small Business Administration, lending to more than 1,500 small businesses. He is also a co-owner of two independent pharmacies in Louisiana.
“Jimmy is a major asset to Live Oak Bank,” said the Bank’s President, Neil Underwood. “His experience working with pharmacies in various stages of ownership transition enables him to add tremendous value to customers seeking financing. We’re thrilled to have him on board.”
“Live Oak Bank has a great reputation in the independent pharmacy space,” said Jimmy Neil. “I am excited to join […]

New FEC Conference Slated for Feb. 24-26

By |September 12th, 2014|

F2FEC, the new educational conference for the family entertainment trade, has set Pointe Hilton Tapitio Cliffs Resort in Phoenix, Ariz., as the venue for its inaugural event to be held Feb. 24-26.  F2FEC, short for Face 2 Face Entertainment Conference, is a North American conference for the benefit of entertainment center professionals including manufacturers, suppliers and operators under the expansive FEC umbrella including traditional family entertainment centers, bowling centers, roller skating, trampoline, water parks, hybrid parks and specialty entertainment center attractions  
“Environment and location are each vital to help create a great relaxed feeling and sharing attitude among attendees and we found this and more in the Pointe Hilton Tapitio Cliffs Resort” reported Ben Jones, one of the co-founders of F2FEC.
“The resort has great venues and the right mix of amenities which are so important for stimulating great conversations, and we have the space with freedom and flexibility to hold meetings, social functions and bar time in multiple locations both indoors […]

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