We provide investment advisory loans to help you position your firm for success now and into the future. You might think the lowest interest rate is what you should look for in a loan, but a low rate doesn’t always mean the best funding option for your investment advisory firm.

Your loan term actually has a more significant impact on your business’ cash flow than your rate does. With a longer term, you can enjoy a lower monthly payment and will ultimately have more cash on hand to run a healthy firm and grow your book of business. Live Oak can offer a customized investment advisor loan package with favorable terms so your firm will be ready to seize opportunities.

Loan Solutions

Acquisition

120,000 advisors plan to retire within ten years, providing you an opportunity to acquire books of business. Pre-approval for financing helps you compete with other buyers and appeal to sellers.

Succession

You’ve worked hard to build your business. Together, let’s strategize on the right investments in your firm to ensure a profitable and successful transition.

Transition

Many advisors are considering a move to independence. If uncertainty or lack of capital is holding you back, we can provide the resources you need to confidently make your move.

Need a little guidance and advice? Contact a loan specialist, they're ready to help.

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We help you achieve more

We’re on a mission to be America’s small business bank. Our deep knowledge and product expertise help us match you with the best solution to meet your unique needs. We’re proud to invest in America’s business owners because your drive drives us.

SMALL BUSINESS, BIG IDEAS INTERVIEW SERIES

Hear the scoop from industry veterans about what it takes to acquire, expand and run a financial advice practice.

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Small Business Loans 101 Guide

Our team is experienced and can confidently guide you through the lending process. But first, download our guide with essential details about the basics of small business loans.

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Our Investment Advisory Team
understands your business

We're ready when you are
Connect with a Loan Specialist

FAQs

  • What makes Live Oak Bank different from other banks?

    Live Oak Bank is an FDIC-insured digital bank located in Wilmington, NC. Live Oak has only one branch, located at our headquarters, but we have a national lending footprint. Unlike most banks, we specialize in lending to small businesses in specific industries, one of which is independent investment advisors. Our bank focuses on the business cash flow. We are not bound by the same loan-to-value constraints as most traditional banks, which require collateral from their prospective borrowers. Another difference is Live Oak’s loan officers do not receive any commission for making loans. Our lenders prioritize the borrower’s best interest, not their commission. Our unique business model allows us to be both knowledgeable and flexible when lending.

  • What types of loans do you offer?

    Live Oak Bank offers a variety of small business loans, from government guaranteed loans to conventional loans. We are the number one SBA 7(a) lender by dollar volume* and we understand the nuances of SBA lending, which helps us streamline a process that can be difficult and bureaucratic in inexperienced hands. We take the time to assess every potential transaction individually to see what type of loan will be the best fit. Among financial advisors, we have lent SBA 7(a), SBA 504, lines of credit and conventional loans. Often, the SBA 7(a) product is the best fit for an advisor due to the terms of the loan. We’ll guide you through the process and craft a unique loan solution tailored to your goals.

    *The data supplied by the SBA reflects 7(a) highest dollar volume during FY 2020.

  • How long does it take to get a loan?

    From the time you submit a completed application to the time you receive funding; the typical turnaround time is 45-60 days. A loan officer will send you a proposal letter within 1-2 days of receiving your completed application. Once you execute and return the proposal, the loan will go to underwriting, which is the formal approval process. Underwriting typically takes 10 days. Once approval is complete, you will receive a commitment letter. As soon as you execute and return the commitment letter, the loan will enter into closing, a process that typically takes 3-4 weeks. A closing specialist on Live Oak’s staff will send you a list of initial documents to provide and schedule a kickoff call. Once you have provided a significant amount of the documentation requested, the specialist will schedule a date for closing. Of course, every loan is unique, and this timeline is not guaranteed.

  • What are your typical loan terms?

    The term of the loan depends on the loan type. If you are using a SBA 7(a)—the majority of our loans—the term will be 10 years. If you take out a conventional loan, the term will range from five to seven years. Our SBA loans do not have prepayment penalties, so you can pay them off early if you choose.

  • What interest rate do you usually charge?

    We offer both variable and fixed-rate loans. The interest rate is determined by a number of factors, including the risk associated with the transaction and whether the loan is variable or fixed.

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