We know that securing financing for solar projects can be challenging. Large banks can be difficult to work with, while smaller banks don’t always understand the complex structuring of solar loans. We are nimble and have the expertise needed to help you position your next project for the highest returns. We lead the industry in providing long-term, fixed-rate loans to utility-scale and large commercial and industrial solar projects. In fact, we financed over $500MM to solar project developers nationwide in 2017 and 2018.

Whether your projects are located on greenfields, brownfields, large rooftops or carports, we can offer you the flexibility you need to grow your pipeline without being saddled with corporate debt. We finance short and non-traditional power purchase agreements, including partially merchant projects, and often lend 65 percent of total costs with competitive, low debt service coverage ratios. We can sculpt repayment plans to accommodate tax equity preferred returns and maximize IRR. Live Oak’s use of United States Department of Agriculture (USDA) partial loan guaranty programs allows us to grow with each developer without hitting a lending concentration limit. Our financing team has the expertise required to handle the USDA process, which for you means a seamless process and access to funds when your projects are ready.

Our team will guide you through the lending process. Here are the three main steps you can expect when you connect with a loan specialist:


We will work directly with you to determine the best product for your project’s specific needs. We’ll verify the project address to see if USDA eligible. If it's not, we'll discuss other loan options that might work better for you.


At this point you will provide us information such as a model of the project’s expected revenue and expenses and information on the offtaker(s) and the term of the PPA or lease agreement we’ll provide you with a loan sizing.


After you sign the letter of interest, we’ll start the underwriting process and collecting what the USDA needs to approve your loan. Then provide us with access to your documentation box and we’ll get started on the path to approval.

Overview: USDA lending process

The solar industry is complex, but we make the financing simple. Check out our USDA Lending Process Overview.

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Renewable Enery Rate Lock Option

Renewable Enery Rate Lock Option

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