Independent insurance agency business owners are sitting at a table conducting business and shaking hands.

Banking Built Around Insurance Professionals

Our insurance banking expertise is your advantage

Live Oak Bank’s insurance banking experts fully understand the nuances of your specific business model and offer a variety of business solutions that benefit your bottom line. Whether you need a business loan, a high-yield savings account or a robust business checking account, Live Oak will support you with customized financial products focused on your success.

We make it easy for you to grow by providing SBA and conventional loan structures for acquisition, expansion, partner buyout, perpetuation, real estate and refinance. Our insurance agency business loans start at $10,000 and we provide an expedited loan process for loans under $500,000. Our expertise helps you meet challenges, avoid pitfalls and capitalize on opportunities in the market. We design a loan package that meets your needs and provide you with support and guidance throughout the life of your insurance agency loan.

Need a little guidance and advice? Contact a loan specialist, they’re ready to help.

Loan Solutions

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Acquisition

Buying an insurance agency isn’t your everyday job – but it is ours. We’ll guide you through the acquisition process, start to finish. Whether you’re doing a large transaction or buying a small book of business, Live Oak has the products to support your goals.

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Perpetuation

You’ve worked hard to build your business. Together, let’s strategize on the right investments in your agency to ensure a profitable and successful transition. If you’re ready to sell an existing agency, we can help.

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Working Capital

Need new software or to hire a new producer? Live Oak’s Express program provides small, expedited loans for independent insurance agency owners who need funds fast.

Personalized Service You Deserve

We’ll meet you where you are, whether that’s creatively structuring a small business loan or helping you maximize your money with a high-yield savings account. No need to jump through hoops for our attention — get the service you deserve from Live Oak Bank.

A DIFFERENT APPROACH TO SMALL BUSINESS LOANS

When you work with Live Oak, consider us a true partner to help you buy, build or expand your business.

EXPANDED BORROWING OPTIONS

At Live Oak Bank, we offer a variety of financing options for acquiring a firm, transitioning ownership, refinancing existing business debt, or even buying a building. Our financing is as varied as your opportunities.

Our Team Understands Your Business

  • Mike Strakhov, CPCU
    SVP - Head of Professional Services

    Email Mike | 614.361.9482

  • Morgan Long
    VP - Insurance Lending

    Email Morgan | 910.300.9612

  • Ross Haskett
    AVP - Insurance Lending

    Email Ross | 910.758.2263

  • Covington Carlson
    AVP – Professional Services

    Email Covington | 336.662.7810

We're ready when you are

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From our resource center

As part of our commitment to supporting small business owners, we have a library of free educational resources available to anyone. Here’s what you can expect to find in Live Oak Bank’s Resource Center:

  • Loan product overviews
  • Marketing tips and tricks
  • Small business fundamentals
  • Live Oak customer spotlights