Live Oak Bank

Listed

Bank for business acquisition loans and commercial real estate loansWilmington, North CarolinaBased in North Carolina; service area not yet provided

BBLL 000769Listed Oct 2026From public recordsLast checked Oct 31, 2026

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About

Live Oak Bank offers SBA-backed business financing, including a smaller Live Oak Express term-loan program. Program selection depends on use of funds, business history and underwriting.

Bank. Lends to businesses from its own deposits.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Business acquisition loans Commercial real estate loans Equipment financing

From the lender's own site and public records.

A second look at Live Oak Bank

Live Oak Bank offers SBA-backed business financing, including a smaller Live Oak Express term-loan program. Program selection depends on use of funds, business history and underwriting.

Direct bank lender: Live Oak Banking Company, doing business as Live Oak Bank. It identifies itself as an SBA Preferred Lender.

Published by Levr, not by Live Oak Bank. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

SBA 7(a)

Amount and uses: Up to $5 million; acquisition, partner buyout, real estate and eligible refinancing are listed uses.
Structure: Fully amortizing financing without a balloon; equity requirements depend on the transaction.
Credit screen: SBA overview states minimum 680 FICO for consideration. Approval requires a full underwriting review.

Provider sources: SBA programs

SBA 504 project financing

Uses: Commercial real estate, property improvements and large equipment.
Equity and structure: Bank advertises a typical 10% down payment; actual equity and combined bank/CDC financing depend on program and project requirements.
Amount caution: Request the bank-loan amount, CDC/SBA portion and total project cost separately; the bank’s advertised project figure is not the SBA debenture limit.

Provider sources: SBA programs

Live Oak Express

Loan and term: $10,000–$350,000 SBA 7(a) term loan; up to 10 years with monthly payments. This is the bank’s product branding.
Entry screen: Main screen requires two years in business, excellent credit and current business and personal debts. Acquisition/startup uses are mentioned for selected industries; confirm any exception.
Uses and restrictions: Working capital, equipment and eligible refinancing. Not for real estate purchase/improvement or refinancing existing merchant cash advance debt.
Fees and credit inquiry: No prepayment penalties or hard personal credit inquiry advertised. Closing costs apply; obtain their itemized amount.
Timing: As little as 15 days is conditional, not a funding guarantee.

Provider sources: Express product and FAQ · Bank disclosures

When it may fit

Our assessment of the published programs

A useful comparison for borrowers planning an acquisition, owner-occupied property or other eligible SBA project who can support a full application.
Express may suit eligible smaller non-real-estate needs where monthly amortization matters.

What to weigh carefully

Live Oak Express should not automatically be labeled the SBA Express guaranty program.
A typical 10% equity contribution is not universal; startup and special-purpose property rules can require more.
Do not apply the Express no-prepayment-penalty claim to every SBA loan.

Questions before you accept an offer

Which SBA program and legal loan structure are proposed?
What equity, collateral and personal guarantees are required?
What fees and closing costs reduce net proceeds?
Can this specific refinancing or industry qualify?
For a 504 project, what are the bank and CDC portions and their separate rates and maturities?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Chase

Compare Chase for conventional financing before selecting an SBA structure.

Bank of America

Compare Bank of America term and revolving products for smaller general operating needs.

The lender

Type: Bank
Legal name: Live Oak Banking Company
Founded: 2008
Charter: Not yet provided Add it
Headquarters: Wilmington, North Carolina
Service area: Based in North Carolina; service area not yet provided
Meets in person: Not yet provided Add it
Languages: Not yet provided Add it
Program approvals: SBA preferred lender, SBA 504
Also lends to consumers: Not yet provided Add it
Website: liveoak.bank
LinkedIn: Company page

Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

Not sure which lender to choose?

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Request contact

Tell us what your business needs. Our team reviews your request before arranging the next step.

Charter and approvals

FDIC certificate, 58665Record

SBA preferred lender

SBA 504 lender

Each one links to its official record.

Location

Based in North Carolina; service area not yet provided.

Sources: FDIC BankFind institution record (Oct 31, 2026), FDIC financial report, June 30, 2026 (Oct 31, 2026), Company LinkedIn linked from official bank website (Oct 31, 2026), Official provider or regulatory record (Oct 31, 2026), Official provider or regulatory record (Oct 31, 2026), Official provider or regulatory record (Oct 31, 2026).

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