Live Oak Bank

About Live Oak Bank

This author has not yet filled in any details.
So far Live Oak Bank has created 201 blog entries.

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 […]

Live Oak Bank Partners with A Goodnight Sleepstore to Help Children in Crisis

By |September 10th, 2014|

Donation of New Mattresses to Open House Emergency Youth Shelter of Coastal Horizons Center, Inc.
Thursday, September 11, 2014 – Wilmington, NC – Live Oak Bank and A Goodnight Sleepstore announced that they are donating 11 new mattresses, box springs and mattress protectors to Open House Emergency Youth Shelter & Residential Services of Coastal Horizons Center, Inc.
Open House Emergency Youth Shelter & Residential Services is a 24-hour, 11-bed facility that is committed to improving the safety and well-being of abused and/or neglected and at-risk youth, ages 6 through 18, who are in need of a safe place to stay. While meeting the basic needs for food, clothing and shelter, Open House encourages youths’ personal growth through counseling services, vocational/educational and life skill building activities and recreational activities. All services are confidential and are provided at no cost to the youth or their families.
On average, Open House of Coastal Horizons Center serves about 60 youth each year. For many of these youth, […]

Dental Customer Spotlight: Dr. Mark – North Carolina

By |September 9th, 2014|

Dental Customer Spotlight

Dr. Mark, an Oral Surgeon in North Carolina shares his experience working with Live Oak Bank and building his practice from the ground up.

Key Performance Indicators: Monitoring Your Practice’s Financial Health

By |September 5th, 2014|

Key Performance Indicators (KPI’s) are quantifiable measurements, agreed to beforehand, that reflect the critical success factors of an organization.

To read the full presentation click here: Key Performance Indicators

GameTime Secures Live Oak Credit Facility

By |August 14th, 2014|

Florida FEC operator GameTime has closed on a multi-million dollar credit facility with Live Oak Bank. The proceeds of this transaction were used to refinance in whole the existing equipment loans and upcoming remodel of GameTime’s flagship location in South Miami, Fla.

“The streamlined process with Live Oak Bank has made it possible to refinance and position GameTime for growth,” said GameTime CEO Michael Abecassis. Founded in 2005 and headquartered in Davie, Fla., GameTime operates two high-volume entertainment venues and four inline, arcade-style amusement centers. To learn more, log on to www.gametimeplayers.com

Live Oak Bank Crosses Investment Advisory Lending Milestone

By |July 22nd, 2014|

$100 Million in loans have been made to Investment Advisors nationwide

WILMINGTON, NC – July 1, 2014 – Live Oak Bank, the nation’s only bank whose sole mission is to lend to independent business owners, announced today that it has  extended a total of $100 million dollars in loans to Investment Advisors, reaching this milestone after only sixteen months of lending activity.

Advisors have taken advantage of the Bank’s lending programs to acquire other firms, purchase books of business, finance succession plans, tuck-in advisors to their platforms, gain access to working capital and buy their corporate real estate.

“When we launched this specialty, there was a real lack of capital available to financial advisors who wanted to grow their business. By reaching this milestone we have proven our theory that advisors are eager to leverage financing to achieve their objectives,” said Steve Smits, General Manager of Investment Advisory Lending.

Live Oak Bank’s Investment Advisory vertical debuted in late 2012. With financing in great demand […]

Expert Tip: Factors Affecting a Pharmacy’s Value

By |June 23rd, 2014|

A pharmacy’s value is made up of tangible and intangible assets. Tangible assets include inventory, furniture, fixtures equipment (FF&E), accounts receivable (A/R), and sometimes real estate (RE). Tangible assets are generally valued by a physical count (inventory & A/R), a book value for FF&E, and an appraised value for RE. A pharmacy’s intangible assets (goodwill) are, by definition, less exact to value. Though the ultimate selling price is determined by a negotiation between the buyer and seller, an initial valuation can be done by use of a formula. Historically, there have been many formulas, but in today’s market, two are common. Chains value pharmacies on a price per prescription filled in the past 12 months, plus inventory. Independent buyers and sellers generally value pharmacies by a business’ enterprise value. The enterprise value is calculated by a multiple of normalized EBITDA, or Net Operating Income (NOI), plus the tangible assets. Generally, the multiple of NOI ranges from 1.5x to 4x, with […]

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 gave me new and […]

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 the […]

You are about to leave the Live Oak Bank website

Disclaimer: This link will take you to a website outside of the Live Oak Bank site. The new site may offer a different privacy policy and level of security. Live Oak Bank is not responsible for the products or services that are offered or expressed on other websites.

Yes, I understand, please continue.

×
You are about to leave the Live Oak Bank website

Disclaimer: This link will take you to a website outside of the Live Oak Bank site. The new site may offer a different privacy policy and level of security. Live Oak Bank is not responsible for the products or services that are offered or expressed on other websites.

Yes, I understand, please continue.

×