High-dollar financing with competitive rates tailored to your specific industry.

  • Best for growing your business or refinancing debt for a lower rate.
  • Pick something else if you need working capital or fast funding.

    $5,000,000

    Max. Amount

    Details

    Product Name Live Oak Bank SBA loans
    Max. Amount $5,000,000
    Loan Term Up to 25 years
    APR 5.5% to 8.25%
    Requirements 650+ personal credit score, strong financial history, meet standard SBA loan requirements

    Application Criteria

  • Personal credit score of 650 or higher
  • Strong financial history
  • Meet standard SBA loan requirements

First, do I qualify?

You must meet the following criteria at a minimum to qualify for an SBA loan from Live Oak Bank:

  • Personal credit score of 650 or higher
  • Strong financial history
  • Meet standard SBA loan requirements

Live Oak Bank SBA loan industries

Your business’s industry can also affect your borrowing options through Live Oak Bank. This lender specializes in financing the following types of businesses:

  • Accounting and tax firms
  • Agriculture
  • Auto dealerships
  • Automotive care
  • Broadband
  • Educational services
  • Energy and infrastructure
  • Entertainment centers
  • Fitness centers
  • Franchise restaurants
  • Funeral home and cemeteries
  • Government contracting
  • Healthcare
  • Hotels
  • Insurance
  • Investment advisers
  • Pharmacies
  • Self storage
  • Senior care
  • Contractor services
  • Veterinarians
  • Wine and craft beverages

What makes Live Oak Bank unique?

Live Oak Bank approves some of the highest loan amounts compared to other SBA lenders out there. Its rates are also highly competitive, making it one of the best deals for businesses looking to grow. On top of this, Live Oak also offers a personalized experience. You’ll work closely with an SBA loan specialist and have your loan tailored to the unique needs of businesses in your industry.

Pros

  • One of the most active SBA 7(a) lenders
  • Low rates
  • Funding tailored to your industry
  • Work with an SBA loan specialist

Cons

  • Not for working capital
  • Approves fewer applications than other top SBA lenders
  • Can’t apply completely online

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