Overview
Live Oak Bank is our #1 ranked SBA lender based on SBA loan volume from last year. The company only targets 17 industries that it knows best, which allows it to move quickly for customers in its wheelhouse. Live Oak consistently ranks in the top 3 SBA banks nationwide.
Looking for an alternative to a Live Oak Bank PPP loan? Concerned your bank will not be able to process a small PPP loan request? We’ve partnered with a leading online platform for SBA loans that is accepting PPP loan applications today for loans as low as $5,000:
START YOUR PPP LOAN APPLICATION
Live Oak is focused on specific verticals…
| Live Oak Bank Industry Verticals | ||
|---|---|---|
| M&A - All industries | Entertainment Centers | Investment Advisory |
| Accounting & Tax | Fitness Centers | Pharmacy |
| Agriculture | Franchise Restaurants | Restoration |
| Auto Dealerships | Funeral Home & Cemetery | Self-Storage |
| Automotive Care | Government Contracting | Service Contractors |
| Broadband | Healthcare | Senior Care |
| Educational Services | Hotels | Veterianary |
| Energy & Infrastructure | Insurance | Wine & Craft Beverage |
… which allows the bank to provide a business with a banker who knows its specific industry very well and facilitates Live Oak playing a unique consultative role with the client. Since your Live Oak banker will know your industry well and has seen many transactions with similar businesses, your banker will be able to cut through the noise and let you know quickly what the borrowing capacity is for your business or acquisition target.
Recent averages for Live Oak for some of its top industries…
| Industry | Avg Loan $ | Avg Int |
|---|---|---|
| Dental Practice | $1,388,702 | 5.8% |
| Wealth Management | $723,693 | 6.7% |
| Veterinarian | $1,302,762 | 5.7% |
| Poultry | $2,037,618 | 6.2% |
| Pharmacy Loans | $1,305,833 | 6.4% |
| Self Storage | $2,503,857 | 6.1% |
| Insurance Agency | $891,614 | 6.8% |
| Funeral Home | $1,489,175 | 6.3% |
| Brewery | $825,709 | 7.1% |
States where this bank has done traditional 7(a) SBA loans in the past year (note: traditional 7(a) loans are different than SBA CARES Act/PPP loans):
SBA 7(a) loan activity
Want to connect with a Live Oak banker for an SBA loan? Complete our inquiry form and we will make a connection within 8 business hours:
1
7.0%
5.0%
10.0%
892
$1,284,454,171
$1,439,971
$25,000
$5,000,000
10
320
