About
Live Oak Bank is a digitally focused, FDIC-insured bank that specializes in small business lending across the United States. Founded in 2008 and headquartered in Wilmington, North Carolina, it operates as a branchless institution, utilizing technology to efficiently deliver banking services to customers nationwide. The bank manages approximately $14 billion in assets and employs around 1,053 people. Live Oak Bank is known for its vertical specialization, lending to over 35 niche industries, including veterinarians and dentists. It offers a range of lending services, including SBA 7(a) loans and USDA loans, and has been recognized as a leading lender in these categories. The bank also provides business and personal deposit products through its digital platform, including the Tidal Small Business Checking account launched in 2022. Live Oak is committed to supporting passionate entrepreneurs and small business owners who may not qualify for traditional credit.