For Immediate Release: April 1, 2019
Brookfield, Wis. – When it comes time to grow or expand a funeral business, having a partner that understands the profession and can tailor lending products and service to meet a firm’s unique needs is paramount. The National Funeral Directors Association (NFDA) is pleased to announce a new Endorsed Provider partnership with Live Oak Bank, which will give association members a trusted resource to help their businesses flourish for generations to come.
“We often hear from members about the challenges of finding a lender who can help them grow their business,” said NFDA CEO Christine Pepper, MBA, CAE. “Our exhaustive search for a lending company that we would be confident in endorsing led us to Live Oak Bank. Their extensive expertise in the funeral profession, the benefits they will offer our members and their excellent customer service made them stand out head-and-shoulders above the rest. We look forward to a great relationship with them.”
Live Oak Bank is the largest Small Business Administration (SBA) lender in the U.S. and the country’s largest funeral home and cemetery lender. They offer financing for acquisitions, expansion, renovation, working capital, succession and more with SBA, 504, USDA and other conventional loan products. Live Oak Bank also offers online savings and CDs at competitive rates.
Live Oak Bank will work with each customer to help them determine the loan product that best meets their individual needs and circumstances. As an exclusive benefit, NFDA members will receive a $5,000 closing discount on any loan.
NFDA members will also receive customer service from Live Oak Bank that is tailored to the funeral profession, with a clear understanding of their business' needs today and in the future. Their commitment to serving customers is exemplified by their commission-free model where business advisors pursue their customers’ best interests instead of personal gain. Live Oak Bank takes their relationship with customers to the next level with quarterly financial reviews and remain a resource for the life of the loan.
“We are so pleased to be a member of the NFDA suite of Endorsed Providers,” said Tim Bridgers, SVP of Live Oak Bank. “We have a strong history in the funeral profession, with more than $600 million in funeral and cemetery loans since 2010. We are confident we can help NFDA members achieve their business goals and ensure a legacy of compassionate service to the families and communities they serve.”
NFDA members can find more information about Live Oak Bank by visiting www.nfda.org/endorsedproviders.
About Live Oak Bank – www.liveoakbank.com
Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc. (NASDAQ:LOB), is a digitally focused, FDIC-insured bank serving customers across the country. Live Oak brings efficiency and excellence to the banking process, without branches, by using a focused approach to technology and innovation.
About NFDA – www.nfda.org
NFDA is the world’s leading and largest funeral service association, serving more than 20,000 individual members who represent nearly 11,000 funeral homes in the United States and 49 countries around the world. NFDA is the trusted leader, beacon for ethics and the strongest advocate for the profession. NFDA is the association of choice because it offers funeral professionals comprehensive educational resources, tools to manage successful businesses, guidance to become pillars in their communities and the expertise to foster future generations of funeral professionals. NFDA is headquartered in Brookfield, Wis., and has an office in Washington, D.C.
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Contact: Jessica Koth, 262-814-1536, jkoth@nfda.org