Security National Life Insurance Company joins Live Oak Bank’s funeral business lending program
16 Agosto 2022 - 12:34PM
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 $5 million SBA loan or a $20 million + conventional
loan,” says Tim Bridgers, Head of Funeral Home Lending for Live Oak
Bank.
If there are any questions, please contact Mr.
Jason G. Overbaugh at:
Security National Financial CorporationP.O. Box
57250Salt Lake City, Utah 84157Phone (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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