Vorhis & Ryan Funeral Home

Mike Ryan, Owner

Project Type
Funeral Home Refinance
Problem

When Vorhis & Ryan first approached Live Oak Bank back in 2012, this Cincinnati-area funeral home was experiencing some significant challenges with its business structure, culture and financial performance. The business needed to shake things up regarding its employees, locations and approach to serving its customers. The operations were not centralized or organized in a way that empowered employees to work as a team and properly service customers. This was taking a big toll on the business’s revenues.

funeral home refinance customer
funeral home refinancing
Solution

Working with Live Oak’s funeral home lending experts and an independent consultant, Mike and his team were able to develop and deploy a new action plan that helped the funeral home restructure operations and refinance existing debt. The changes implemented over the course of the next few years resulted in a tremendous transformation.

The funeral home hired a new business manager, strategically shifted its home base to its Springdale location and invested more into its culture and employees than ever before. The effects have been noticeable as Mike’s team now works as one family seeking to serve the families in their community.

Live Oak works with devoted funeral home owners like Mike Ryan every day to achieve new levels of growth by providing financing and education to achieve their dreams.

Connect with a loan specialist to talk about what you envision for your future.