Financial Solutions Tailored for Funeral Homes and Cemeteries
Finding a financial institution that understands your unique needs can be challenging in a profession as specialized as funeral home and cemetery management. Live Oak Bank offers a suite of financial products designed specifically for this sector, from loans to business savings designed specifically for this sector, enabling your business to survive and thrive.
Understanding Profession-Specific Challenges
Live Oak distinguishes itself by offering a deep understanding of the funeral home and cemetery profession. A satisfied customer shared their experience: “When I started working with Live Oak, I was blown away. I did not have to teach them about my profession and they taught me how easy the loan process can be.”
This level of expertise is rare in the banking sector, especially in niche markets. Live Oak’s ability to provide knowledgeable support without the typical learning curve associated with new bank relationships highlights their dedication and expertise.
Comprehensive Financial Products
Business Loans
Live Oak specializes in offering a range of loan products that cater to various needs within the funeral home and cemetery profession. Whether for acquisition, expansion, new construction, refinance, renovation, retort, or upfit, Live Oak provides both SBA and conventional loan structures. Their loans are notable for their flexibility, including unsecured working capital loans that fund in just two to three days and longer-term options for real estate and construction projects for up to 25 years.
Business Checking and Savings
Beyond loans, Live Oak supports day-to-day operations with robust checking and high-yield savings accounts. Enjoy features such as mobile check deposits, customizable alerts and the ability to set employee permissions, all accessible via a single login for multiple businesses.
FDIC Insured for Peace of Mind
Security is a top priority, and as a Federal Deposit Insurance Corporation (FDIC) member, Live Oak offers insurance on deposits up to $250,000 per depositor, for each account ownership category. This provides an added layer of security, ensuring that your business’s funds are safe and protected.
Convenient Online Access
Recognizing the busy schedules of funeral home and cemetery managers, Live Oak provides many services online. With tools like electronic funds transfers, ACH wires, and a comprehensive website, managing your business’s finances is straightforward and efficient. This accessibility ensures you can focus more on your business and less on banking logistics.
Conclusion
For funeral home and cemetery operators seeking a financial partner who understands their profession’s specific challenges and offers tailored financial solutions, Live Oak stands out as a dedicated and knowledgeable ally. With its range of customized financial products and secure, user-friendly services, Live Oak is equipped to help you manage and grow your business effectively. Whether you need a business loan, a high-yield savings account or a robust business checking account, Live Oak will support you with customized financial products focused on your success. To learn more or to connect with a funeral home and cemetery banking expert, visit liveoakbank.com/funeral.
