Unlocking Funeral Home Deals: First Steps to Success! - Take it to the bank 008

In episode 8 of Take It to the Bank, hosts Tim Bridgers and Ryan Thogmartin dive deep into the process of buying and expanding a business, specifically focusing on funeral homes. Tim, the expert, shares essential tips for conducting due diligence before acquiring a business. The episode covers:
The importance of understanding the buyer's story and align personal goals with the business acquisition.
Key steps to prepare, including organizing personal financial statements, reviewing personal credit, and creating a high-level business plan.
Common challenges in the loan process, such as miscommunication with sellers and issues with real estate valuations.
The value of being prepared early in the process and the importance of contacting financial experts early on for guidance.
This episode is a comprehensive guide for individuals looking to buy a business, especially those in the funeral home industry, offering a detailed checklist of preparation steps and potential obstacles.
For more information on Live Oak’s products and services contact Andrew Kennedy, VP of Funeral Home and Cemetery lending, at [e-mail].