Teresa Carlson joins Danielle Burmeister in this discussion about funeral home lending, the future of females in the funeral space and the importance of succession planning. Teresa is Vice President of The Bancorp Bank, a nationwide funeral industry lender. In their chat, Teresa talks about how she got started in the banking industry, challenges and opportunities in small business lending and how her career has evolved into a focus on funeral home loans. They also cover how she grew her career while maintaining a healthy work/life balance. Learn all about lending opportunities for firms of any size in this entertaining conversation with Teresa.
Chapters:
0:42 How did you end up in the small business lending space?
6:03 What was the leaping off point from standard small business to funeral home lending?
7:40 How is funeral home lending different from other business lending?
9:00 Why is it that funeral home businesses may have a difficult time accessing the capitol needed to expand their business?
13:46 What led you to the partnership with Homesteaders?
19:20 Why is succession planning such a challenge with funeral home businesses?
25:32 The funeral industry has historically been dominated by men, and we’re starting to see a shift toward more women in the industry. What would you say to young women looking to get involved in the funeral space?
29:44 What is giving you energy right now?
31:25 What are you reading right now?