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BreadRoute Review
Live Oak Bank
4.5Our Live Oak Bank Review
Live Oak Bank is a nationally chartered, FDIC-insured commercial bank and subsidiary of Live Oak Bancshares (NYSE: LOB) that operates entirely without branches, serving small businesses across the United States. As an SBA Preferred Lender, it processes SBA 7(a), SBA 504, and SBA Express loans in-house — typically shortening approval timelines compared to non-preferred lenders. Beyond SBA products, Live Oak offers term loans, lines of credit, equipment finance, inventory financing, accounts receivable financing, commercial real estate, construction finance, USDA Business and Industry loans, and working capital solutions. Financing ranges from $10,000 to $5 million and above. Applicants generally need at least two years in business, a 650 minimum credit score, and $10,000 in monthly revenue. With a strong customer reputation built largely on service quality, Live Oak's digital-first model appears well suited for established small businesses comfortable banking without a physical branch.
Who Is Live Oak Bank Best For?
Based on eligibility requirements and available products.
- Businesses with good (but not perfect) credit
- Businesses that need equipment or machinery financing
- B2B businesses with outstanding invoices to unlock
- Established businesses that qualify for SBA programs
Financing Options
Eligibility Requirements
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Quick Overview
4.5Compare Alternatives
Other Commercial Bank lenders
Live Oak Bank Pros & Cons
Pros
- Lends nationwide
- High loan amounts available
- Wide range of financing products
Cons
- Requires $10,000+ in monthly revenue
- Requires 2 Years in business
Frequently Asked Questions
Live Oak Bank offers financing in the range of $10,000 to $5+ Million.
Live Oak Bank typically requires a minimum credit score of 650. Businesses with scores above this threshold are more likely to qualify for favorable terms.
Live Oak Bank offers the following financing products: Equipment Finance, USDA Business and Industry, Accounts Receivable, Construction Finance, Working Capital, SBA 7(a), Commercial Real Estate Financing, Inventory Financing, SBA 504, SBA Express, Line of Credit, Term Loan.
Live Oak Bank requires a minimum of 2 Years in business. Newer businesses may want to explore alternative lenders with lower seasoning requirements.
Live Oak Bank provides financing to businesses across the United States.
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