A female funeral home business owner is hugging a client that is sitting on a couch.

Funeral Home and Cemetery Loans

Create a legacy with the trusted experts

Owning and operating a funeral home or cemetery is much more than just running a small business. Helping people memorializing a lost loved one is a passion and calling that you’ve poured your heart and soul into perfecting. However, your funeral home or cemetery must still operate efficiently and profitably to keep its doors open. Wouldn’t it be nice if you had someone in your corner to provide comprehensive financial insights and real solutions? We have your back.

Live Oak Bank’s team of funeral home and cemetery loan experts possess the experience to give you confidence when facing challenges and reaching new growth. We offer a variety of loan products to meet the diverse needs of the funeral profession, and can offer small business funding of over $10 million. Our non-commission sales team will work with you to determine which product best fits the unique needs of your funeral home or cemetery.

Whether you’re seeking to buy a funeral home or sell a funeral home, our team is ready to offer solutions. Our financing expertise and industry knowledge will help you reach your goals and avoid costly mistakes.

Personalized Service You Deserve

We’ll meet you where you are, whether that’s creatively structuring a small business loan or helping you maximize your money with a high-yield savings account. No need to jump through hoops for our attention — get the service you deserve from Live Oak Bank.

A DIFFERENT APPROACH TO SMALL BUSINESS LOANS

When you work with Live Oak, consider us a true partner to help you buy, build or expand your business.

SMALL BUSINESS LOANS 101 GUIDE

Our team is experienced and can confidently guide you through the lending process. But first, download our guide with essential details about the basics of small business loans.

Customer Spotlight

Customer:
New Hyde Park Funeral Home
Mike McBride, Owner

Project Type:
Funeral Home Acquisition

“If you do it correctly and you do it with your heart and you’re passionate about it, it’s a very rewarding business.”
– Mike McBride, Owner, New Hyde Park Funeral Home

Mike McBride of New Hyde Park, New York, comes from a long line of civil servants. A former police officer, he had the opportunity to retire from the force at an early age and start a second career. It made perfect sense to pursue something he’s always been passionate about: helping and caring for the people in his community.

Mike started his journey in the funeral services industry as a pallbearer, where it quickly became evident that he had a knack for the business. When the opportunity arose to acquire New Hyde Park Funeral Home, Mike knew he had to jump on it. Through extensive research he found Live Oak Bank, who proved to be the right financing partner to provide the funding, help and guidance he needed to become the first business owner in his family.

Just one week after initial contact with the bank, Live Oak representatives flew from North Carolina to New York and visited Mike in person to help him craft an acquisition plan. They identified several challenges and worked closely with Mike to overcome them together. “We worked closely with the seller to help educate him on his current business cash flow and what debt amount would position Mike for long-term success…. Education was key,” said Tim Bridgers, senior loan officer at Live Oak.

Our Team Understands Your Business

  • Tim Bridgers
    SVP - Head of Funeral Home and Property Management

    Email Tim | 910.685.7446

  • Andrew Kennedy
    AVP - Funeral Home & Cemetery Lending

    Email Andrew | 910.260.5892

  • Jordan Coleman
    AVP - Funeral Home and Property Management Lending

    Email Jordan | 910.795.4980

We're ready when you are

Male using his phone to search for personal banking products

From our resource center

As part of our commitment to supporting small business owners, we have a library of free educational resources available to anyone. Here’s what you can expect to find in Live Oak Bank’s Resource Center:

  • Loan product overviews
  • Marketing tips and tricks
  • Small business fundamentals
  • Live Oak customer spotlights