Buying another funeral home is a big step that requires proper preparations and significant patience. However, you’ve worked hard your entire career and feel like you’re ready to serve more families. Having the right kind of partners in your corner to evaluate and go through the acquisition process can be a game-changer.

The funeral home lending experts at Live Oak Bank understand the significance of this life-changing decision and appreciate what it’s taken for you to reach this point. Our team’s deep industry knowledge combined with our financial expertise can be your secret weapon when considering a buying opportunity. Why? Because we’ve done it more than anyone else in the funeral home profession.

There are three main phases of our funeral home acquisition loan process that you can expect.

Pre-Approval & Proposal

Our funeral home lenders will discuss every detail about your acquisition opportunity, then send you an email with application forms. After your application is received, you can usually expect a pre-approval decision within 1-2 business days. During this time, we will run a preliminary cash flow analysis as well as a credit evaluation as a part of our due diligence. If pre-approved, the lender will then issue a proposal letter which includes the rate, terms and collateral requirements of your loan.


Once you sign and return your proposal letter, an underwriter will work with our credit team towards achieving your final loan approval. Each acquisition deal is unique, so our team takes the time to evaluate the joint merits of each situation. Because we know what to look for on funeral home acquisitions, this process is efficient. Underwriting your loan usually takes an average of one to two weeks. Once final approval is reached, you will receive a commitment letter outlining your loan details.


This final phase begins once you’ve signed and returned your commitment letter. From here, a funeral home closing specialist will be assigned to your loan. Closing typically happens within 45-90 days, depending on if there is real estate involved. Your dedicated lending team only works on funeral business loans all day every day, so they understand the intricacies of the industry and will work with you as quickly as possible to accommodate deadlines.

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Join our funeral home lending experts as they share their insights and considerations that you should explore before or during a purchase opportunity.

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We work with funeral professionals every day who are embarking on the path to ownership. Our team wants to make the buying process simple and transparent, which is why we created this comprehensive guide.

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