Live Oak Banking Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Live Oak Banking Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 4,944 | $9.21B | $1.9M | 6.8% |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 3,264 | $6.22B | $1.9M | 4.5% |
| 541940 | Veterinary Services | 3,072 | $6.85B | $2.2M | 4.2% |
| 524210 | Insurance Agencies and Brokerages | 2,984 | $2.93B | $983K | 4.1% |
| 722513 | Limited-Service Restaurants | 2,872 | $3.07B | $1.1M | 4.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 2,504 | $2.34B | $933K | 3.5% |
| 811111 | General Automotive Repair | 2,048 | $2.26B | $1.1M | 2.8% |
| 621610 | Home Health Care Services | 1,992 | $1.78B | $895K | 2.7% |
| 541211 | Offices of Certified Public Accountants | 1,808 | $1.37B | $755K | 2.5% |
| 624410 | Child Day Care Services | 1,560 | $3.72B | $2.4M | 2.2% |
Geographic Distribution
SBA lending activity for Live Oak Banking Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 9,496 | $13.27B | 13.1% |
| Texas (TX) | 7,712 | $11.47B | 10.6% |
| Florida (FL) | 5,736 | $8.04B | 7.9% |
| North Carolina (NC) | 4,824 | $6.09B | 6.7% |
| Colorado (CO) | 3,456 | $4.54B | 4.8% |
| Georgia (GA) | 2,528 | $3.60B | 3.5% |
| New York (NY) | 2,568 | $3.45B | 3.5% |
| Ohio (OH) | 2,056 | $2.80B | 2.8% |
| Washington (WA) | 1,776 | $2.76B | 2.4% |
| New Jersey (NJ) | 2,072 | $2.76B | 2.9% |
| Arizona (AZ) | 1,896 | $2.74B | 2.6% |
| Pennsylvania (PA) | 2,160 | $2.69B | 3.0% |
| Michigan (MI) | 1,968 | $2.66B | 2.7% |
| Illinois (IL) | 1,896 | $2.58B | 2.6% |
| Virginia (VA) | 1,816 | $2.37B | 2.5% |
| Massachusetts (MA) | 1,400 | $1.89B | 1.9% |
| Missouri (MO) | 1,096 | $1.88B | 1.5% |
| South Carolina (SC) | 1,480 | $1.84B | 2.0% |
| Tennessee (TN) | 1,120 | $1.65B | 1.5% |
| Indiana (IN) | 1,160 | $1.64B | 1.6% |
| Oregon (OR) | 1,280 | $1.63B | 1.8% |
| Maryland (MD) | 992 | $1.44B | 1.4% |
| Utah (UT) | 976 | $1.39B | 1.3% |
| Connecticut (CT) | 984 | $1.36B | 1.4% |
| Alabama (AL) | 952 | $1.32B | 1.3% |
| Oklahoma (OK) | 800 | $1.17B | 1.1% |
| Nevada (NV) | 776 | $1.15B | 1.1% |
| Wisconsin (WI) | 880 | $1.14B | 1.2% |
| Louisiana (LA) | 616 | $973.1M | 0.8% |
| Minnesota (MN) | 656 | $955.5M | 0.9% |
| Kentucky (KY) | 576 | $862.6M | 0.8% |
| New Mexico (NM) | 520 | $742.8M | 0.7% |
| Mississippi (MS) | 440 | $655.0M | 0.6% |
| Idaho (ID) | 392 | $633.8M | 0.5% |
| Arkansas (AR) | 368 | $556.3M | 0.5% |
| Kansas (KS) | 344 | $530.5M | 0.5% |
| New Hampshire (NH) | 456 | $518.1M | 0.6% |
| Nebraska (NE) | 224 | $369.5M | 0.3% |
| Montana (MT) | 272 | $355.2M | 0.4% |
| Alaska (AK) | 216 | $316.4M | 0.3% |
| Maine (ME) | 224 | $298.5M | 0.3% |
| Wyoming (WY) | 168 | $267.4M | 0.2% |
| West Virginia (WV) | 168 | $244.1M | 0.2% |
| Iowa (IA) | 192 | $227.9M | 0.3% |
| Rhode Island (RI) | 152 | $188.9M | 0.2% |
| Hawaii (HI) | 152 | $174.9M | 0.2% |
| Delaware (DE) | 184 | $169.5M | 0.3% |
| South Dakota (SD) | 72 | $164.1M | 0.1% |
| Vermont (VT) | 144 | $160.3M | 0.2% |
| District of Columbia (DC) | 72 | $105.7M | 0.1% |
| VI (VI) | 24 | $43.0M | 0.0% |
| North Dakota (ND) | 32 | $21.6M | 0.0% |
Why Choose Live Oak Banking Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 72,520 SBA loans approved, totaling $100.84B in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, Lessors of Miniwarehouses and Self-Storage Units, Veterinary Services
- ✓Competitive Terms: Average interest rate of 7.86% with flexible term lengths averaging 172 months
- ✓Loan Range: Loan sizes from $19K to $5.0M, with an average of $1.4M
- ✓Nationwide Reach: Active lending in 52 states, with strong presence in CA, TX, FL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Live Oak Banking Company SBA lending
What types of businesses does Live Oak Banking Company typically finance?
Live Oak Banking Company specializes in SBA 7(a) lending to specific industries including offices of dentists, lessors of miniwarehouses and self-storage units, veterinary services, insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Live Oak Banking Company's typical SBA loan terms?
Live Oak Banking Company's SBA 7(a) loans typically feature an average interest rate of 7.86% and average term length of 172 months (approximately 14 years). Loan sizes range from $19K to $5.0M, with an average loan size of $1.4M.
Do I need a business valuation for a Live Oak Banking Company SBA loan?
Yes, Live Oak Banking Company typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Live Oak Banking Company compare to other SBA lenders?
Live Oak Banking Company has originated 72,520 SBA loans totaling $100.84B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Live Oak Banking Company lend in?
Live Oak Banking Company provides SBA 7(a) financing with particularly strong presence in CA, TX, FL, NC, CO. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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