SALT LAKE CITY, Aug. 16, 2022 (GLOBE NEWSWIRE) — SECURITY NATIONAL LIFE INSURANCE COMPANY is pleased to announce his new relationship with LIVE OAK BANK, a leading provider of financing for the funeral industry. In an effort to make funeral home refinancing and acquisition financing more readily available to funeral homes nationwide, Security National Life Insurance will participate in the SBA Loan Referral Program and Live Oak’s Conventional Loan Program. This partnership will allow both companies to offer business owners advanced financing options such as: B. Larger loans to help with large refinancing and acquisition opportunities.
“As the national provider of preneeded funeral insurance, Security National has for years worked directly with funeral homes looking to strengthen their business through expansion, acquisition and debt refinancing. Security National is excited to have the opportunity to work with a Live Oak company The Bank’s Caliber in providing financing products to the funeral industry. With our conventional lending program and the SBA referral program, we will be able to provide financing tailored to the 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 industry since 2010. By partnering with industry leaders like Security National, we are better positioned to meet the evolving needs of the profession. Our goal is to ensure that capital, whether it’s a $5 million SBA loan or a $20 million conventional loan, is available to funeral homes and cemetery owners who are ready to refinance or expand more,” says Tim Bridgers, Head of Funeral Home Lending for Live Oak Bank.
If you have any questions, please contact Mr. Jason G. Overbaugh at:
Security National Financial Corporation
PO 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 they are unverifiable historical facts, may be considered forward-looking statements that may predict future events or results relating to Security National Financial Corporation and its business. The predictions made in these statements involve risks and uncertainties and, accordingly, actual results could differ materially from those discussed or implied in such forward-looking statements.