Live Oak Bank Tops SBA’s 100 Most Active 7(a) Lenders
20 Novembro 2023 - 10:45AM
Live Oak Bank has been named the most active SBA 7(a) lender
by dollar amount by the U.S. Small Business Administration for
the sixth year in a row.
The results were posted to the SBA website and display
the country’s top SBA 7(a) lenders by dollar amount and loan volume
for the administration’s 2023 fiscal year, which
ended September 30.
“The SBA 7(a) program has been the cornerstone in delivering
capital to American small business owners for a reason,” said Live
Oak Chairman and CEO James S. (Chip) Mahan III. “We are proud to
help our customers access vital financing like the 7(a) program by
leveraging our unique combination of deep SBA expertise, unmatched
service, and a tech-forward approach.”
Live Oak approved 1,215 loans from the SBA’s flagship 7(a)
program in its 2023 fiscal year, putting more than $1.8
billion into the hands of small business owners across the
country.
“Business owners continue to choose Live Oak to fund their
dreams and drive their success,” said William C. (BJ) Losch III,
Live Oak’s President and Chief Financial Officer. “Our mission to
be America’s small business bank is rooted in our approach to treat
every customer like the only customer.”
To learn more about Live Oak’s lending services,
visit www.liveoakbank.com.
About Live Oak BancsharesLive Oak Bancshares,
Inc. (NYSE: LOB) is a financial holding company and parent company
of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner
with businesses that share a groundbreaking focus on service and
technology to redefine banking. To learn more,
visit www.liveoakbank.com.
Contacts:Claire Parker | SVP Corporate
Communications910.597.1592
Live Oak Bancshares (NYSE:LOB)
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