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.
Live Oak Bank has been a leading provider of Small Business Administration (SBA) loans for more than a decade. The bank’s SBA loan program offers a range of financing options for small businesses, including 7(a) loans, which are the most commonly used type of SBA loan.
Live Oak Bank’s 7(a) loan program provides businesses with flexible financing options and competitive rates. The loans can be used for a variety of purposes, including working capital, equipment purchases, and real estate acquisitions. Live Oak Bank’s 7(a) loans are available in amounts ranging from $50,000 to $5 million, and the bank’s experienced lending team is dedicated to providing personalized service to each borrower.
One of the key advantages of Live Oak Bank’s 7(a) loan program is its focus on serving niche industries. The bank has a deep understanding of the unique financing needs of small businesses in industries such as veterinary medicine, farming, and dental care, and is able to offer specialized lending solutions to meet those needs.
Looking for an alternative to a Live Oak SBA loan? We can connect you today with nationwide SBA lenders.
Live Oak is a competitive lender that historically has charged interest rates below the national average for similar small business loans:
States where Live Oak has done traditional 7(a) SBA loans in the past year:
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% |
SBA 7(a) loan activity
Want to connect with a Live Oak banker for an SBA loan or other top SBA lenders? Complete our inquiry form and we will make a connection within 8 business hours.
