Skip to main content

Live Oak Bank Tops SBA’s 100 Most Active 7(A) Lenders

Written by Customer Service on . Posted in Public Companies.

WILMINGTON, N.C., Oct. 14, 2022 (GLOBE NEWSWIRE) — Live Oak Bank has been named the most active SBA 7(a) lender by dollar amount by the U.S. Small Business Administration for the fifth year in a row.

The results were posted to the SBA website and display the country’s top 100 SBA 7(a) lenders by loan volume for the administration’s 2022 fiscal year, which ended September 30.

“Live Oak Bank has the privilege of serving small business owners across the country and the SBA 7(a) program is an essential way to deliver capital to the entrepreneurs supporting the backbone of our economy,” said Live Oak Chairman and CEO James S. (Chip) Mahan III. “We are proud to serve our customers with a high-touch, high-tech approach that puts them at the center of everything we do.”

Live Oak approved 1,157 loans from the SBA’s flagship7(a) program in its 2022 fiscal year, putting more than $1.70 billion into the hands of small business owners across the country.

“Our mission to be America’s small business bank and our differentiation is rooted in our approach to treat every customer like the only customer,” said William C. (BJ) Losch III, Live Oak’s Chief Financial and Banking Officer. “Our preferred lending status with the SBA gives us the ability to get capital into the hands of customers faster and our teams support our borrowers through the life of the loan, giving them a true partner along the way.”

To learn more about Live Oak’s lending services, visit www.liveoakbank.com. 

About Live Oak Bancshares
Live Oak Bancshares, Inc. (Nasdaq: LOB) is a financial holding company and parent company of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner with businesses who share a groundbreaking focus on service and technology to redefine banking. To learn more, visit www.liveoakbank.com. 

Contact:
Claire Parker, SVP 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.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.