Skip to main content

Live Oak Bank Announces Lending Partnership with Ramp

Written by Customer Service on . Posted in Public Companies.

WILMINGTON, N.C., Sept. 07, 2022 (GLOBE NEWSWIRE) — Live Oak Bank announces it has been named a small business lending partner for Ramp, the finance automation platform and corporate card designed to help businesses spend less.

Live Oak, the nation’s leading Small Business Administration (SBA) lender, will be a new referral channel for Ramp customers who are looking for capital for long-term growth such as acquiring a new business, growing their existing business and real estate purchases.

“We are thrilled to partner with Ramp to deliver SBA loans to a broader base of customers,” said Live Oak Bank President Huntley Garriott. “In addition, this partnership is another step in our embedded banking journey to align with companies who share our belief that business banking can be delivered better and more efficiently to American entrepreneurs.”

Ramp serves 7,000 business customers with next-generation financial tools that help businesses digitally manage corporate credit cards, expenses, bills, and accounting with customizable spending rules tailored to their business needs.

Live Oak will complement Ramp’s charge card and spend management solutions, providing clients with growth capital that includes beneficial terms and a streamlined experience. Live Oak’s Preferred Lender (PLP) status with the SBA provides a simpler, faster loan process with competitive terms and rates.

“With Live Oak Bank, we are offering our customers even more flexibility and options for long-term debt. Like Ramp, Live Oak is an innovator, unafraid to challenge the status quo and tackle the pain points businesses continually face head-on,” said Ben Alderman, Head of Financial Partnerships at Ramp.

Ramp customers who are interested in learning more about Live Oak’s lending partnership can click here.

About Live Oak Bank
Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc. (Nasdaq: LOB), is a digitally focused, FDIC-insured bank serving customers across the country. Live Oak puts a groundbreaking spin on service and technology to redefine banking. Our products help customers buy, build, and expand their business, and high-yield savings and CD products to grow their hard-earned money. To learn more, visit www.liveoakbank.com.  

Contact:
Claire Parker, SVP of Corporate Communications
910.597.1592
claire.parker@liveoak.bank 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.