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Live Oak Banking Company
WILMINGTON, NC · Top National Lender · National rank #8
Yes, Live Oak Banking Company is a large SBA lender, having approved 2,280 SBA 7(a) loans in FY2025 and ranking #8 nationally by volume. Its loans averaged $1,251,171, with the most activity in California, Texas, and Florida.
Live Oak Banking Company, headquartered in Wilmington, NC, is an active participant in the SBA 7(a) loan program. According to FY2025 SBA 7(a) lender activity data, Live Oak Banking Company approved 2,280 SBA 7(a) loans, totaling $2,852,669,200 in approved loan dollars. Of that amount, $2,087,702,133 was backed by SBA guaranty. The average loan size across these approvals was $1,251,171, indicating a focus on larger commercial loan transactions relative to many SBA lenders.
Nationally, Live Oak Banking Company ranks #8 by SBA 7(a) loan volume in FY2025, placing it among the more active lenders in the program on a dollar and loan-count basis. The lender's activity spans a broad geographic footprint, with reported loans in 49 states and territories, including CA, TX, FL, NC, CO, GA, NY, PA, NJ, IL, AZ, OH, MO, WA, VA, MI, MA, TN, AL, SC, CT, UT, OR, MD, WI, MS, NM, LA, IN, NV, KY, AR, NH, MN, KS, MT, OK, ID, RI, ME, NE, HI, IA, AK, DE, WY, SD, VT, WV, and VI. Its top three states by loan count in FY2025 were California (326 loans), Texas (230 loans), and Florida (206 loans). This distribution suggests Live Oak Banking Company operates as a national SBA lender rather than one concentrated in its home state of North Carolina. All figures cited here are drawn directly from FY2025 SBA 7(a) lender activity data.
Where Live Oak Banking Company lends
| State | Loans | Dollars |
|---|---|---|
| California | 326 | $381,926,400 |
| Texas | 230 | $313,765,200 |
| Florida | 206 | $269,802,400 |
| North Carolina | 124 | $134,940,500 |
| Georgia | 87 | $127,171,300 |
| Colorado | 97 | $117,323,500 |
| Missouri | 55 | $101,548,600 |
| New York | 86 | $97,915,500 |
| Pennsylvania | 80 | $94,054,500 |
| Washington | 55 | $80,454,900 |
| Ohio | 58 | $80,387,100 |
| New Jersey | 77 | $79,751,700 |
| Arizona | 63 | $76,924,500 |
| Michigan | 48 | $70,497,000 |
| Illinois | 64 | $66,111,000 |
Questions people ask
Is Live Oak Banking Company an SBA lender?
Yes, Live Oak Banking Company is an SBA 7(a) lender that approved loans under the program in FY2025.
How many SBA 7(a) loans did Live Oak Banking Company approve in FY2025?
It approved 2,280 SBA 7(a) loans in FY2025.
What was the total dollar volume of Live Oak Banking Company's SBA 7(a) loans in FY2025?
Approved loans totaled $2,852,669,200 in FY2025.
What is Live Oak Banking Company's average SBA 7(a) loan size?
The average loan size was $1,251,171 in FY2025.
Where is Live Oak Banking Company headquartered?
It is headquartered in Wilmington, NC.
Where is Live Oak Banking Company most active for SBA lending?
In FY2025, its top states by loan count were California (326 loans), Texas (230 loans), and Florida (206 loans).
Is Live Oak Banking Company a national or regional SBA lender?
Based on FY2025 data showing loans in 49 states and territories, it operates as a national SBA lender.
How does Live Oak Banking Company rank by SBA loan volume?
It ranked #8 nationally by SBA 7(a) loan volume in FY2025.
How much of Live Oak Banking Company's loan volume was SBA-guaranteed?
$2,087,702,133 of its approved loan dollars was covered by SBA guaranty in FY2025.
Does Live Oak Banking Company lend only in North Carolina?
No, FY2025 data shows lending activity across 49 states and territories beyond its NC headquarters.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with Live Oak Banking Company; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.