Live Oak Bank News

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    Live Oak Bank partners with Make-A-Wish® Eastern North Carolina to fulfill a little girl’s wish

Live Oak Bank partners with Make-A-Wish® Eastern North Carolina to fulfill a little girl’s wish

By |June 3rd, 2014|

Monday, June 2, 2014 – Wilmington, NC – Today, Live Oak Bank is hosting a send-off party for Jazzmin, an 11 year-old Make-A-Wish® child whose wish is to go to the Florida Keys to swim with the dolphins. It will be a highlight in her life, as she has been battling a genetic pancreatic disease since she was just 15 months old.

“A wish come true helps children feel stronger, more energetic, more willing and able to battle their life-threatening medical conditions,” expressed Janis Netherland, Director of Philanthropy in the Wilmington area for Make-A-Wish Eastern North Carolina.  “With 200 kids scheduled to receive their wish this year, the support of companies like Live Oak Bank is critical to ensure these wishes are granted.”

“We are so grateful to be a part of Jazzmin’s wish,” commented Laura Petty, Marketing Programs Manager at Live Oak Bank. “This is our second year being involved with this amazing organization that is making a difference in [...]

Aqueous Art by Sean Ruttkay

By |May 5th, 2014|

Recently, Live Oak Bank partnered with local Wilmington artist and photographer, Sean Ruttkay to outfit the Live Oak Bank headquarters with his Aqueous Art line as well as provide local photography solutions for Live Oak Bank marketing efforts. Through running his small business and his visual aesthetic, Sean captures our community of Wilmington, NC beautifully. Understanding the importance of local small businesses, Live Oak Bank supports Sean’s vision of Aqueous Art.

Influenced by the guiding principles of Evidence-Based Design (EBD), Aqueous Art captures the soft fascination found in water and when installed transforms physical environments into restorative spaces. Numerous studies have shown that occupants of these spaces gain substantial physiological benefits as well as tangible positive outcomes. Ruttkay says, “The infinite colors, forms, textures and sounds of water have the power to stimulate minds, change moods, and even heal the sick. Reproducing the powerful optic beauty of water is the mission of my work.”

Aqueous Art is found in various mediums [...]

Live Oak Bank supports the growth of local businesses

By |January 31st, 2014|

Thursday, January 30, 2014 – Wilmington, NC – Live Oak Bank, headquartered in Wilmington and currently ranked second in the nation in Small Business Administration 7a loans recently provided financing to Southport, NC based Galloway Sands Pharmacy, allowing Southport residents the continued support of a locally owned, independent pharmacy.

Kerr Drug, Southport’s small-chain option that offered service and support similar to what independent pharmacy does, was recently acquired by Walgreens. Joey Galloway and Kevin Sands, owners of Galloway Sands Pharmacy founded in 2006 in Supply, NC, saw this as an opportunity to provide the citizens of Southport a friendly, locally owned pharmacy. They approached Kerr Pharmacist in Charge, Brad Narron, who left Kerr to join Galloway Sands. Narron, a fixture in the Southport community, offers continued service to customers in the area.

“Kerr was an active, supportive, local pharmacy,” stated Joey Galloway founder of Galloway Sands Pharmacy. “I didn’t want to see the end of the independent pharmacy in Southport. We knew [...]

Redefining Loan Teams

By |January 10th, 2014|

Live Oak Bank is redefining small business lending. Each industry has a loan team fully dedicated to that industry, which ensures you are working with someone who knows your business.

Having not only loan officers focused on your specific industry, but entire teams, makes the loan process efficient. From application to review to closing, each person who works on your loan is dedicated solely to your industry; making our ability to get your loan completed faster. You do not have to waste time explaining the nuances and terminology unique to your business, and you can trust that we have the knowledge and experience to help you succeed.

Visit your industry’s page to learn more about your loan team.

Mountains to Molehills – Industry Expertise

By |January 10th, 2014|

Business loans can be complex, from gathering your financial information to understanding each step in the process. At Live Oak Bank, our expertise in the industry allows us to simplify the lending process for our customers. By focusing on specific niche industries we are able to truly understand the details of those businesses thereby making the loan process much more efficient.

Visit your industry’s loan page to learn more on how we can help.

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    Live Oak Bank helps Grant a Wish to a Brunswick County Child

Live Oak Bank helps Grant a Wish to a Brunswick County Child

By |September 4th, 2013|

MORRISVILLE, N.C. (September 4, 2013) — Live Oak Bank, headquartered in Wilmington and currently ranked second in the nation in Small Business Administration 7a loans, has sponsored the wish of a 6-year-old Brunswick County girl that will be granted by Make-A-Wish® Eastern North Carolina later this month.

Dacey, who has Complex Congenital Heart Disease, will travel with her family to Walt Disney World as part of her wish experience.  A wish party honoring the Southport resident will be held at the Live Oak Bank headquarters on Friday, September 6.

“We are humbled to be a part of the wish granting process for Dacey,” commented Laura Petty, Marketing Programs Manager at Live Oak Bank. “Working with Make-A-Wish Eastern North Carolina and having our employees involved with this local family has been extremely rewarding for us.”

WHAT:             Dacey’s Wish Party

WHERE:          Live Oak Bank

WHEN:             Friday, September 6, 2013 at Noon

 Make-A-Wish® Eastern North Carolina grants the wishes of children with life-threatening medical conditions to enrich the human [...]

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    Live Oak Bank continues their support of La Cima World Missions

Live Oak Bank continues their support of La Cima World Missions

By |August 26th, 2013|

August 26, 2013 – Wilmington, NC – Founded in 2003, La Cima World Missions is a non-profit organization that focuses on providing medical and dental care to parts of the world that are most in need. They partner with other volunteer and charitable organizations to discover new opportunities to provide aid.

In 2012, Live Oak Bank provided funding for medical and dental equipment for La Cima World Missions’ trip to Southeast Asia along the Thai/Burma border. This year, the organization is taking a team of three dentists to the main, remote island of Yap, where they will do extractions, restorative work, cleanings, and whatever else is needed. They will also be transporting equipment, which in large part was funded by Live Oak Bank, to be left on the island once their work is complete, allowing the only full-time dentist in Yap access for the future.

“We received word about this mission to Yap from my church,” commented Dave Sperow, Founder of La [...]

Live Oak Bank one of N.C.’s Top SBA Lenders

By |August 22nd, 2013|

By Keith Larsen, Greater Wilmington Business Journal

Live Oak Bank, headquartered in Wilmington and currently ranked second in the nation in Small Business Administration 7a loans, was North Carolina’s fifth-highest SBA lender in the first seven months of 2013. It approved 28 loans in the state for a total of $23,658,000.

San Francisco-based Wells Fargo ranked as North Carolina’s top lender of SBA-backed 7a loans. Wells Fargo logged 104 approvals, which amounted to $33,023,000 through July 31, according to the SBA’s website, www.SBA.gov.

Winston-Salem-based BBT was second in the rankings with 101 approvals and $23,604,000 in total gross loan amount.

According to the SBA website, SBA 7a loans are the SBA’s most common loan. The SBA provides a financial guarantee for a financial lender – such as Wells Fargo, BB&T or Live Oak Bank – to make a loan to a startup businesses or existing small businesses. SBA.gov states that “proceeds can’t be used to buy an asset to hold for its potential increased [...]

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    Live Oak Bank supports the ASPCA’s Animal Relocation & Transportation Initiative

Live Oak Bank supports the ASPCA’s Animal Relocation & Transportation Initiative

By |May 29th, 2013|

Thursday, May 30, 2013 – Wilmington, N.C. – Since 2011, Live Oak Bank has been a supporter of the ASPCA® (The American Society for the Prevention of Cruelty to Animals®), sponsoring the organization’s annual Blessing of the Animals event in New York City. This year, the bank is contributing to the ASPCA’s Animal Relocation and Transport Initiative that moves animals from overpopulated shelters to destination shelters where they have a significantly greater chance of being adopted. The first transport funded by Live Oak Bank took place yesterday, with over 70 dogs transported from Calcasieu Parish Animal Services in Lake Charles, La. to the Humane Society of Tampa Bay and the Humane Society of Sarasota County in Florida. The dogs were transported safely and humanely in a custom made animal transport trailer provided by Loving Friends Transports based in Clearwater, Fla.

“We are thankful for Live Oak Bank’s continued support for animals in need and commend their generous donation to the [...]

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    Live Oak Bank shows their local support by assisting the Cape Fear Clinic

Live Oak Bank shows their local support by assisting the Cape Fear Clinic

By |April 23rd, 2013|

Tuesday, April 23, 2013 – Wilmington, NC – On May 14, 2013, the Cape Fear Clinic is holding their annual primary fundraiser, a breakfast at the City Club at de Rosset. The goal is to raise $20,000 to support the clinic’s operations.

“The Cape Fear Clinic is a 501 (c) (3) non-profit organization that provides medical care to people in southeastern North Carolina who do not have any health insurance or government health assistance,” stated John Devaney, Executive Director for the Cape Fear Clinic. “The no-fee clinic provides medical, dental, mental health and pharmacy services to qualifying individuals. As changes continue to be made to our country’s healthcare programs, there is a growing need for free services, so we are relying on additional donations and grants to cover those escalated costs. We are very grateful for Live Oak Bank’s contribution; we could not operate our clinic without outside donations.”

“As a Wilmington-based company, we are always seeking ways to give back to [...]