Live Oak Bank
The nation's leading small business lender.
Overview
Live Oak Bank is an FDIC-insured bank that has carved out a niche as a top SBA lender. It combines modern technology with deep industry-specific expertise to serve small businesses across the country. Unlike traditional banks, it operates with a digital-first model, allowing for a more streamlined online application and funding process. It is an SBA Preferred Lender, which can expedite loan approval.
✨ Key Features
- Top SBA 7(a) Lender by volume
- SBA Preferred Lender status for faster processing
- Digital-first online banking platform
- Industry-specific lending expertise (e.g., healthcare, veterinary, professional services)
- SBA 7(a) and 504 loans
- Business savings and checking accounts
🎯 Key Differentiators
- Leading SBA lender
- Deep expertise in specific industries
- Combination of technology and personal service
Unique Value: Provides unparalleled expertise and a streamlined process for securing large, government-backed SBA loans, especially for businesses in their niche industries.
🎯 Use Cases (4)
✅ Best For
- SBA loans for veterinary practice acquisition
- Financing for independent pharmacies
- Commercial real estate loans for owner-occupied properties
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Startups with no operating history
- Businesses seeking very small microloans
🏆 Alternatives
Offers deeper industry knowledge and a more specialized focus on SBA lending than most traditional banks or general online lenders.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
🔒 Compliance & Security
💰 Pricing
Free tier: Loan products have interest rates and fees. Bank accounts may have minimum balance requirements.
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