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Live Oak Banking Company

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Description

Live Oak Banking Company offers specialized SBA loan programs designed to support small businesses across various industries. With a focus on providing flexible financing options, they assist entrepreneurs in acquiring capital for growth, working capital, or acquisition needs. Their team is committed to delivering tailored solutions with a straightforward application process, emphasizing customer service and quick turnaround times. The bank supports a range of SBA programs, including 7(a) and 504 loans, to help businesses access the funding they need to succeed. Located in Wilmington, North Carolina, they serve clients both locally and nationally, leveraging their expertise to facilitate business expansion and stability. Whether you’re a startup or an established enterprise, Live Oak Banking Company aims to be a dependable partner in your financial journey, offering competitive rates and personalized guidance to meet your unique needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
145
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and small business financing solutions. You can find information about loan options, application processes, and support services tailored for small businesses.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Standard hours are Monday through Friday, 9 am to 5 pm, but it"s best to contact the branch directly for specific hours or after-hours appointments.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for accessing basic information, but loan processing and application fees may apply depending on the loan type and terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves small business owners and entrepreneurs, with services available to clients nationwide who meet lending criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required for guarantors applying for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and documentation.
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