Live Oak Bank is a niche commercial bank providing growth capital to lower-middle market and middle market sized businesses nationwide. Our middle market lending team focuses on lending to strong, cash flow-based businesses historically in non-cyclical, low capital intense industries with recurring revenues.
Regardless of tangible collateral values, Live Oak can provide your business the capital it needs. Whether you are pursuing growth through acquisitions, seeking assistance in an ownership transition, or simply looking for a bank that understands your service-based business — we can support your goals. Here’s an overview of our qualifiers.
Typical Customer Profile
- EBITDA from $2 million to $15 million
- Less than $100 million in revenues
- $5 million to $35 million in debt facilities
- Sponsor and non-sponsor led transactions
Preferred Business Attributes
- Committed management team
- Strong cash flow generation
- Recurring revenues
- Diversified customer base
- Non-cyclical industries
Loan Structures
- Term loans
- Revolving lines of credit
- Delayed draw term loans: M&A and development
- Unitranche debt facilities
Transaction Types
- Mergers and acquisitions
- Partner buyouts
- De novo development
- Refinance
- Working capital
- Recapitalizations
