Live Oak Banking Company is our #1 ranked SBA lender. The company only targets 17 industries that it knows best, which allows it to move quickly for customers in its wheelhouse.
Interest rates charged by Live Oak Bank the past few years for SBA loans over $50,000 with terms of seven years or greater are traditionally at or below the national average:
Live Oak lends money nationwide and provided loans. Like most large SBA lenders, Live Oak has a higher concentration of loans in the most populous states of California, Texas, North Carolina, and Florida. Live Oak lent money to borrowers in 48 states last year.
Number of SBA loans provided by this bank so far this year:
Top industries for Live Oak (highest to lowest based on loan volume):
|Industry||Avg Loan $||Avg Int|