Small Business Owners

Fostering small business growth with capital,
knowledge and strategy

As the top SBA lender,¹ we work to fulfill our mission to be America’s small business bank. With over 33 million small businesses in this country, we understand the massive impact the small business community has on our nation’s economic landscape. We hold firm our conviction that access to capital and banking products should be accessible to all. We design financial products and services to support an equitable banking experience for under-resourced populations. Live Oak keeps the small business owners at the center of every decision we make, and we’re laser-focused on delivering products and services to simplify the lending and business banking process.

1. #1 SBA 7(A) Lender by dollar amount for FY 2022

INCLUSIVE SMALL BUSINESS BANKING

It’s mission critical to help unlock capital for businesses that have traditionally lacked access to funding.

Our inclusive small business banking team has created an ecosystem to bridge capital, capacity, and education for minority entrepreneurs.

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PATHWAY TO CAPITAL PROGRAM

At Live Oak, we know every business experiences their own unique journey. To honor that, we created the Pathway to Capital approach to go beyond the “approve” or “deny” mentality of most financial institutions. We meet each entrepreneur on a personal level and provide guidance at every step along their path. Each business is paired with a relationship manager to ultimately connect them with appropriate solutions that can help position their business for capital readiness and long-term success.

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TREATING EVERY CUSTOMER LIKE THE ONLY CUSTOMER

“Live Oak was the fifth banking institution I approached in obtaining a loan for our new dental building and improvements project. They have been efficient, courteous and understanding during the whole process. Even though I have never met any one of them, I feel they have old-fashioned qualities that are so often lacking in the world today, and they truly tried to make that important human connection with me.”

– Perry Patel, DDS

“There’s just something different about Live Oak…something that really sets them apart from any other bank. They believed in me and offered me the tools I needed to become a business owner.”

– Dr. Maria Downs

MINORITY LENDING STATISTICS

21%

of 2022 loan volume went to women¹

14%

of 2022 loan volume went to minorities²

$369M

2022 loan volume to rural areas³

9%

of 2022 loan volume to veterans⁴

1. Percentage of total loan volume that was deployed to women-owned businesses in 2022, as indicated by our 2022 Voice of the Customer survey.
2. Percentage of total loan volume that was deployed to minority-owned businesses in 2022, as indicated by our 2022 Voice of the Customer Survey.
3. Total lending amounts deployed to businesses in rural areas (as defined by census tract) in 2022, as indicated by our Insights Dashboard.
4. Percentage of total loan volume that was deployed to veteran-owned businesses in 2022, as indicated by our 2022 Voice of the Customer survey.