Live Oak Bank
Online bank without branches that makes SBA 7(a), SBA 504, USDA and conventional loans to small businesses across the co
About
Live Oak Bank says it is "a digitally focused, FDIC-insured bank serving customers across the country" and that it works "without branches." Its SBA page lists SBA 7(a) loans up to $5 million, SBA 504 loans up to $15 million for commercial real estate and "purchasing large equipment," and Live Oak Express loans from $10,000 to $350,000. By SBA's count it is one of the most active SBA 7(a) lenders. Who it is for: Small business owners anywhere in the country; its loans page lists programs by industry, from agriculture to veterinary practices.
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