Investment Advisory Lending Overview

Our loans empower you to address key strategic needs in the Investment Advisory industry where financing is in great demand. These include: merger & acquisition, succession funding, partner buy-in/out, expansion, operating capital, refinance, recruiting, tuck-ins, start-up and real estate. By talking with Live Oak experts early in the process about potential financing needs, you can increase your chances of successfully securing financing. Live Oak experts will offer guidance and help structure a deal in a manner that works best for your firm, allowing you to leverage our various loan products.

live oak bank investment advisor loan

 

<strong>ACQUISITION</strong>
ACQUISITION
At Live Oak Bank, we specialize in making loans to Investment Advisors. Our dedicated lending team guides clients through the acquisition process with knowledge and experience, aiding in the success of the loan. Our relationship with our clients extends beyond closing to ensure a lasting relationship focused on the success of the business.
<strong>SUCCESSION</strong>
SUCCESSION
You have spent many successful years building up your practice, and now you are ready to realize the value of your business. Live Oak financing can help you sell to your chosen successor, enable the transaction and pass the baton to the next generation – and free you from the headaches of seller financing.
<strong>RECRUITING AND EXPANSION</strong>
RECRUITING AND EXPANSION

Live Oak Bank offers financing to assist with transactions related to recruiting and tuck-in activity, which is significant in the industry. We provide loans to firms ready for expansion, to assist in recruiting advisors to your firm, and/or recruiting firms to join your platform. We underwrite what the end business AUM/Cash Flow will look like, taking into consideration the assets under management of the firm or advisor joining your group. You can also contact us to refinance or consolidate previous business debt.

Our Background In Lending

Our Investment Advisory lending team has many years of experience providing loans and business guidance exclusively to Advisors and Brokers. No other lender offers the cumulative knowledge that Live Oak has in this space. A dedicated Investment Advisory Loan Officer will become a trusted partner helping to discover unique business opportunities. The Live Oak team of Investment Advisory industry experts, coupled with our niche lending industry focus, enables us to structure loans designed to meet the unique opportunities facing your industry.

Steve Smits
Steve SmitsGeneral Manager, Senior Loan Officer
910.550.2319
Steve Smits is the former Associate Administrator for the Office of Capital Access at the U.S. Small Business Administration.  While at the SBA, he was responsible for managing and overseeing the agency’s programs and operations designed to expand access to capital for America’s small businesses. This included managing the agency’s $100 Billion small business loan portfolio.
Jason Carroll
Jason CarrollSenior Loan Officer
910.550.2261
Jason joined Live Oak Bank in 2012 and is a lender for the Investment Advisory vertical.  As a former manager of a multi-million dollar RIA loan portfolio at a major custodian, he is seasoned at lending in this industry. Jason has held several strategic roles within large banking and financial institutions designing, developing and executing lending programs and products.
Patrick Spach
Patrick SpachLoan Officer
910.798.1216
Patrick joined Live Oak Bank in 2013. As a former analyst for Morgan Keegan, Patrick played a role in providing performance analysis of the Morgan Keegan Funds provided to their investment advisors. Understanding how an investment advisor’s business operates allows Patrick the opportunity to help execute Live Oak Bank’s lending products for the Advisor.
Mike McGinley
Mike McGinleySenior Loan Officer
910.550.2268
Mike has worked his entire career as a commercial lender, specializing in SBA lending. Prior to Live Oak Bank, Mike worked at PNC Bank in Philadelphia, PA, as a SBA Loan Officer and manager of the closing team. As a Senior Loan Officer at Live Oak, Mike originates new loans for the Investment Advisory team.

Why Partner with Live Oak Bank?

  • Up to 100% financing
  • Over $1.7 billion in small-business loans successfully funded since 2008
  • Flexible & efficient closings to meet borrowers’ needs
  • Streamlined process with minimal paperwork
  • Knowledgeable & experienced team
  • Cash-flow driven lending
  • Consultative relationship that continues after the loan has been financed
In the application phase, a lending team member will work directly with you to gather all information needed to prequalify you for your loan request. We strive to simplify the loan process, make it easy for you to provide your information, and keep you informed along the way. Technology allows us to give you real-time updates on loan status and offer direct interaction with your loan team members.

Here you will submit financial documents necessary for your loan approval. You will work directly with the Underwriter assigned to your loan. The Underwriter will gather your financial documents and learn your story, advocate for you and assist you throughout the review process. Specific questions regarding paperwork can be addressed directly to your Underwriter. When your loan is approved, you will receive a commitment letter with the terms and conditions of the loan.

Closing is the final phase of your loan. A loan closing specialist, or closer, will contact you to schedule a kick-off call. Your closer will then review all documents needed to complete the loan. Documents can be submitted as completed. Your closing team will also assist in reviewing document drafts prior to signing, to ensure all necessary information is included. We’ve automated this process to ensure efficiency and clear communication throughout the funding of the loan. Real-time, automated checklists are provided to illustrate your loan progress.

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