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Live Oak Banking Company

WILMINGTON, NC 28403

⭐ SBA Preferred Lender
9,065
Loans Approved
$12.6B
Total Volume
$1.4M
Avg Loan Size
52
States Served

States Served

AlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington D.C.DelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVIVermontWashingtonWisconsinWest VirginiaWyoming

Top Industries Financed

  • Offices of Dentists
  • Lessors of Miniwarehouses and Self-Storage Units
  • Veterinary Services
  • Insurance Agencies and Brokerages
  • Limited-Service Restaurants

Quick Summary

Live Oak Banking Company is an SBA-approved lender headquartered in WILMINGTON, North Carolina. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 9,065 SBA 7(a) loans totaling $12.6B, with an average loan size of $1.4M. They serve businesses across 52 states.

About Live Oak Banking Company

Live Oak Banking Company is an SBA-approved lender headquartered in WILMINGTON, North Carolina. Since 2020, they have approved 9,065 SBA 7(a) loans totaling $12.6B, with an average loan size of $1.4M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 52 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Live Oak Banking Company an SBA Preferred Lender?

Yes, Live Oak Banking Company is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.

How many SBA loans has Live Oak Banking Company approved?

According to SBA FOIA public records, Live Oak Banking Company has approved 9,065 SBA 7(a) loans totaling $12.6B since 2020. Their average loan size is $1.4M.

What states does Live Oak Banking Company serve?

Live Oak Banking Company serves businesses in 52 states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Washington D.C., Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, VI, Vermont, Washington, Wisconsin, West Virginia, Wyoming.

How do I apply for an SBA loan with Live Oak Banking Company?

To apply for an SBA 7(a) loan with Live Oak Banking Company, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days