Bank · Wilmington, NC
Live Oak Banking: SBA lending profile
#10
National rank by loans
Live Oak Banking approved 7,656 SBA loans worth $10.0B between October 2021 and June 2026, ranking #10 of 2,283 SBA lenders nationally by loan count. Its median loan was $695,500, and 25% went to startups or businesses under two years old. It lent in 52 states, most often in California, and its most financed industry was health care and social assistance.
SBA loans per fiscal year
0 1,000 2,000 3,000 FY14: 678 loans FY14 FY15: 966 loans FY15 FY16: 1,075 loans FY16 FY17: 1,055 loans FY17 FY18: 857 loans FY18 FY19: 912 loans FY19 FY20: 1,068 loans FY20 FY21: 1,551 loans FY21 FY22: 1,157 loans FY22 FY23: 1,215 loans FY23 FY24: 1,440 loans FY24 FY25: 2,280 loans FY25 2,280 FY26 (Oct to Jun): 1,564 loans FY26 1,564 Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Where Live Oak Banking lends
State Loans Approved Median loan Rank in state
California 993 $1.3B $550,000 #14 Texas 810 $1.2B $795,000 #8 Florida 655 $858.6M $634,000 #12 North Carolina 474 $562.7M $617,500 #2 Colorado 356 $430.9M $660,000 #5 New York 281 $349.7M $515,000 #14 Georgia 263 $349.3M $725,000 #8 New Jersey 243 $289.0M $500,000 #12 Pennsylvania 219 $261.5M $550,000 #14 Ohio 216 $273.0M $700,000 #9 Arizona 210 $307.2M $902,500 #9 Michigan 204 $256.2M $775,000 #8 Illinois 202 $272.4M $655,000 #11 Washington 182 $276.2M $1,000,000 #15 Virginia 178 $220.1M $550,000 #10
Industries Live Oak Banking finances
Industry Loans Share Median loan
Health care and social assistance 1,523
$875,000 Professional and technical services 1,087
$600,000 Other services (repair, personal care) 947
$800,000 Construction 701
$500,000 Restaurants and hotels 561
$605,000 Retail 544
$926,500 Finance and insurance 450
$427,500 Real estate and rental 370
$1,236,000 Administrative and support services 362
$417,500 Manufacturing 339
$670,000
Loan size mix
Under $150,000 8% $150,000 to $500,000 30% $500,000 to $2 million 39% $2 million and up 23% Loan programs used
Preferred Lender (PLP) 84% SBA Express 15% International Trade Loans 0% Standard 7(a) 0% Builders CAPLine 0%
Bank financials · Q2 2026
Total assets
$16.0B
Return on assets (annualized)
0.96%
Tier 1 capital to assets
7.7%
Business (C&I) loans
$4.8B
Noncurrent loans
4.07%
Uninsured deposits
17%
From the bank's FDIC call report. Shown for context, not as a rating. FDIC certificate 58665.
Loan terms
Median initial rate, FY2025 to date
9.24%
Variable-rate share
99%
Median term
10 years
Startups and new businesses
25%
Charge-off rate, 2010 to 2019 loans now closed
3.2%
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See its SBA market share in every state and county, who is taking share from it, how its rates compare, and the busy counties where it makes no loans.
See its market report Figures come from the SBA's public loan records and describe loans the SBA approved, not applications or the lender's full business.
Methodology