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.

Loan Amount

Loan Amount
Varies by product, SBA 7(a) up to $5 million and SBA 504 up to $15 million2

Loan Term

Loan Term
Up to 25 years

Equity Requirements

Equity Requirements
Minimal equity injection required

Interest Rate

Interest Rate
Varies by loan type

Live Oak’s knowledgeable team can help you determine the best loan structure to meet your needs. Our team goes above and beyond to create a customized loan package according to your business goals. From temporary economic aid incentives to low interest rates, now is the time to consider an SBA loan for your business.

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.

SBA

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).

SBA Loan Programs

The Small Business Administration (SBA) serves as the main resource for government-backed business loans. Because a portion of an SBA loan is guaranteed by the government, these loans allow small business owners to obtain capital with less equity than a conventional loan requires.

SBA 7(a) Loan

The SBA 7(a) loan is the most common SBA loan product, offering flexibility on terms and business uses. An SBA 7(a) loan is a good option for acquisitions, partner buyouts, real estate purchases, refinance and more.

Advantages:

  • Up to 90% bank financing
  • Fully amortized/no balloons
  • No pre-payment penalties for loan terms under 15 years

Learn More

SBA 504 Loan

While the eligibility requirements for a 504 loan are nearly the same as for the 7(a) loan program, the approved uses of the loan are different. They fall into three main categories: buying commercial real estate, financing improvements within that real estate and purchasing large equipment.

Advantages:

  • Low down payment (typically 10%) conserves your cash
  • Fixed or floating interest rates available
  • Loan amounts up to $15,000,000

Learn More

Dedicated to the Doers
  • “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

  1. #1 SBA 7(a) lender by dollar amount for FY 2022. The data supplied by the SBA reflects 7(a) highest dollar volume during FY 2022.
  2. We have the ability to fund larger projects with our combination debt financing solution.

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