Live Oak Bank review
Updated October 14, 2026 · BorrowCue Editorial Team
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Our verdict
Live Oak Bank's published SBA 7(a) acquisition guidance calls for business projections, repayment evidence and recent financial records.
Key facts
- Best for
- US buyers preparing to apply for financing to acquire a business.
- Legal entity
- Live Oak Banking Company (Source, checked September 26, 2026)
- Headquarters
- United States (Source, checked September 26, 2026)
- Founded
- 2008 (Source, checked September 26, 2026)
- Official website
- liveoakbank.com
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- The application checklist names the main business and purchase records
Cons
- Applicants need to assemble financial projections, repayment evidence and purchase documentation
Who it suits
- US buyers preparing to apply for financing to acquire a business.
Eligibility
Live Oak Bank's acquisition checklist asks for business plans and projections, evidence of repayment ability, the last three years of business tax returns, a profit-and-loss statement, balance sheet and debt schedule, plus a letter of intent to buy the business. This is application guidance, not a commitment to lend.
How Live Oak Bank compares
Where Live Oak Bank is available
- Available
- United States
- Licence in United States
- Federal Deposit Insurance Corporation (58665), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Which company operates Live Oak Bank?+
Live Oak Bank is operated by Live Oak Banking Company. (Source, checked September 26, 2026)
Where is Live Oak Bank based?+
Live Oak Bank is based in United States. (Source, checked September 26, 2026)
When was Live Oak Bank founded?+
Live Oak Bank was founded in 2008. (Source, checked September 26, 2026)
Sources
- banks.data.fdic.gov/api/institutions checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Licences
“ESTYMD 05/12/2008”
Compiled from 1 source page, checked October 14, 2026. We did not open an account.
Not confirmed yet: APR, Loan amount, Term, Arrangement fee, Credit check, Funding time, Representative example.