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BreadRoute Review
Live Oak Bank
4.0Our Live Oak Bank Review
Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc. (NYSE: LOB), is a digitally focused, FDIC-insured bank serving customers across the country. Live Oak brings efficiency and excellence to the banking process, without branches, by using a focused approach to technology and innovation. Live Oak is undeniably different than other financial institutions. In 2008, our founders set out to revolutionize banking. Learn more about the bank’s origin story and how we launched our mission to be America’s small business bank.
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
Get Started
Quick Overview
4.0Compare 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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