Security National Life Insurance Company joins Live Oak Bank’s funeral business lending program
Security National Life Insurance Company has partnered with Live Oak Bank to enhance financing options for funeral home businesses across the nation. This collaboration involves participation in Live Oak's SBA Loan Referral Program and Conventional Loan Program, aiming to support refinancing and acquisition needs. Scott Quist, CEO of Security National, emphasized the importance of this partnership in providing tailored financing solutions for funeral home owners. Live Oak Bank's strengths in the sector will further assist businesses seeking loans ranging from $5 million to over $20 million.
- Partnership with Live Oak Bank enhances financing options for funeral homes.
- Participation in SBA Loan Referral and Conventional Loan Programs increases access to larger loans.
- Focus on tailored financing solutions for funeral industry strengthens market position.
- None.
SALT LAKE CITY, Aug. 16, 2022 (GLOBE NEWSWIRE) -- SECURITY NATIONAL LIFE INSURANCE COMPANY is pleased to announce its new relationship with LIVE OAK BANK, a leading provider of funeral industry financing. In an effort to make funeral home refinancing and acquisition financing more readily available to funeral home businesses nationwide, Security National Life Insurance will participate in Live Oak’s SBA Loan Referral Program and Conventional Loan Program. This partnership will enable both companies to provide expanded financing options to business owners, such as larger loans to help with large refinance and acquisition opportunities.
"As a national provider of preneed funeral insurance, for years Security National has worked directly with funeral home owners seeking to strengthen their business through expansion, acquisition and debt refinancing. Security National is excited to have the opportunity to work with a company of Live Oak Bank’s caliber in bringing financing products to the funeral industry. With our Conventional Loan Program and SBA Referral Program we will be able to offer financing tailored to needs of the funeral industry,” said Scott Quist, CEO and President of Security National Life Insurance Company.
“Live Oak has been dedicated to the funeral profession since 2010. By partnering with industry leaders like Security National, we are better able to meet the evolving needs of the profession. Our goal is to ensure that capital is available to funeral home & cemetery owners who are ready to refinance or expand, whether that is a
If there are any questions, please contact Mr. Jason G. Overbaugh at:
Security National Financial Corporation
P.O. Box 57250
Salt Lake City, Utah 84157
Phone (801) 264-1060
Security National Life Insurance Company is a wholly owned subsidiary of Security National Financial Corporation (NASDAQ: SNFCA). This press release contains statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Security National Financial Corporation and its business. The predictions in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.
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