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 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
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 million2
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 million2
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.
