SBA Loans

As the nation’s top SBA lender, 1 we've guided thousands of small businesses through the SBA loan process.

Live Oak® Express

Live Oak® Express loans are perfect for small business owners who need access to capital quickly. These term loans are ideal for fueling growth for a variety of business needs. Loans range from $10,000 – $500,000.

Terms Up To 10 Years

Flexible terms to meet your needs

Transparent Closing Costs

Understand exactly what you’re paying for

No Prepayment Penalties

Pay off your loan early without consequences

No Hard Personal Credit Inquiries

It won’t impact your credit score

Simple Documentation

Only a few documents to get started

Streamlined Process

A digital application makes the process more efficient

SBA Loan Programs

The Small Business Administration (SBA) serves as the main resource for government-backed business loans. Because a portion of an SBA loan is guaranteed by the government, these loans allow small business owners to obtain capital with less equity than a conventional loan requires.

SBA 7(a) Loan

The most common SBA loan offers flexibility on terms/uses and is a good option for acquisitions, partner buyouts, real estate purchases and refinance.

• Up to 90% bank financing or higher
• Fully amortized / no balloons
• Loan amounts up to $5 million 2

SBA 504 Loan

504 loans can be used for buying commercial real estate, financing improvements within that real estate and purchasing large equipment.

• Low down payment (typically 10%) conserves your cash
• Fixed or floating interest rates available
• Loan amounts up to $15 million 2

We’re a Preferred Lender

As part of the Small Business Administration (SBA) Preferred Lender Program (PLP), we can get capital in your hands faster.

• We can approve your loan without going through the SBA first, which shortens the approval time
• Your loan is typically approved three to four weeks faster than with non-PLP lenders

The Live Oak Difference

Deep Industry Knowledge

Our industry focused, in-house teams’ understanding will guide you through the loan process.

Efficiency

Our commitment to efficiency and transparency helps you avoid costly mistakes.

Service

Our Business Analyst Group offers the service and know-how throughout the life of the loan.

Helpful Resources

Finance My Business

Exposing the Myths of SBA Lending

Finance My Business

Why an SBA Loan is a Smart Choice for Your Business Partner Buyout

Finance My Business

10 Tips To A Faster SBA Loan Closing

Let’s Connect

Our North Carolina-based Customer Success Managers are available Monday through Friday 8:00 a.m. – 8:00 p.m. ET. Contact us.

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© 2024 Live Oak Banking Company. All rights reserved. Member FDIC. Equal Housing Lender.

1. The data supplied by the SBA reflects 7(a) highest dollar volume FY 2023.
2. We have the ability to fund larger projects with our combination debt financing solution.