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SBA

Live Oak Bank review.

Live Oak is the #1 SBA 7(a) lender in the U.S. by volume, with deep specialization in healthcare, veterinary, and professional-services acquisitions.

Loan range
$150K – $15M (SBA 7(a) and 504)
Speed
30–60 days
APR / Fee
Prime + 2.75% to Prime + 4.75%
HQ
Wilmington, NC · est. 2008
Best for

Practice acquisitions, partner buyouts, owner-occupied CRE.

Watch out for

SBA paperwork is heavy; expect tax-return-grade diligence.

Pros
  • +Industry specialization
  • +Best SBA pricing
  • +Strong workout history
Cons
  • –Long timeline
  • –Heavy paperwork
  • –Personal guarantee + collateral
Alternatives to Live Oak Bank
Huntington Bank
$5K – $5M (SBA 7(a))
Ready Capital
$150K – $25M (SBA + bridge)
Newtek
$50K – $15M (SBA 7(a))
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