Live Oak is the Nation’s Top SBA Lender1
Live Oak is proud to support small business owners with SBA-backed funding. Our mission to be America’s small business bank is rooted in our dedication to those who power progress in both rural and metropolitan communities across our country.
Preferred Lender Program
Live Oak is part of the SBA Preferred Lender Program (PLP), an accreditation that allows us to serve our customers more efficiently. As a borrower, this is what our PLP status means for you:
- Live Oak has the authority to make final credit decisions without going through the SBA first.
- We are typically three to four weeks faster at getting an answer to you than non-PLP lenders.
- Usually, we offer longer repayment terms, lower payments and no prepayment penalties (except on commercial real estate).