Live Oak Bank Tops List of SBA 7(a) Lenders for Sixth Consecutive Year

Why It Matters:

This achievement highlights Live Oak Bank's continued success in supporting small businesses through SBA loans, showcasing their expertise and commitment to helping entrepreneurs thrive.

The Details:

• Live Oak Bank lent $1.8 billion in SBA 7(a) loans, surpassing the runner-up, Huntington National Bank, by almost $50 million.

• They approved a total of 1,215 SBA 7(a) loans across the country this year.

• This marks the sixth consecutive year that Live Oak Bank has secured the top spot for SBA 7(a) lending.

Conclusion:

Live Oak Bank's consistent ranking as the leading lender of SBA 7(a) loans highlights its ongoing dedication to supporting small businesses and fostering economic growth.