Financial Institution

Live Oak Bank

Live Oak is a digital, cloud-based bank serving small business owners in all 50 states. We are the #1 SBA 7(a) lender by dollar volume in the country and our mission is to be America’s small business bank. We aim to fulfill that mission through banking products that help business owners buy, build and expand, along with FDIC-insured high-yield savings and CDs to grow their hard-earned money. Our family of companies under the holding and parent company Live Oak Bancshares (Nasdaq: LOB), and our subsidiaries, partner with businesses who share a groundbreaking focus on service and technology to redefine banking.

Size of Loan for Small Businesses

Depends on the vertical.

Purpose Loans for Small Businesses

  • Buy a Business
  • Finance Receivables
  • Purchase a Building
  • Purchase Equipment/Machinery
  • Purchase Inventory

Type of Loans Offered

  • Commercial Loan
  • Small Business Administration (SBA)
  • The U.S. Department of Agriculture (USDA)

Bank Service Area (By County)

  • All North Carolina Counties

Bank Physical Location (By County)

  • New Hanover

Specifically Targeted Programs by Industry

  • 11 - Agriculture, Forestry, Fishing, and Hunting
  • 54 - Professional, Scientific, Technical Services
  • 61 - Educational Services
  • 62 - Health Care and Social Assistance
  • 72 - Accommodation and Food Services
  • 81 - Other Services (except Public Administration)

Specifically Targeted Programs by Business Demographic

  • Minority-owned business
  • Rural (underutilized zone or tier 1 county)
  • Veteran-owned business
  • Woman-owned business

Point of Contact

Lillian Graning

Vice President of Corporate Social Responsibility