Live Oak Bank
Digital cloud-based bank serving small business owners nationwide as the #1 SBA 7(a) lender by dollar volume. Offers specialized lending programs for veterinary, dental, pharmacy, medical, hotel, and other industries with FDIC-insured savings.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (1,409 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Live Oak Bank ranks #1 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Live Oak Bank’s 7(a) acquisition lending falls in the $1M-$2M range: 369 loans, 26.2% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 298 | 21.1% | |
| $500K-$1M | 311 | 22.1% | |
| $1M-$2M | 369 | 26.2% | |
| $2M-$3M | 187 | 13.3% | |
| $3M-$4M | 105 | 7.5% | |
| $4M-$5M | 139 | 9.9% |
Industries with highest loan volume
General Automotive Repair
73
loans
$1.3M
avg. amount
Lessors of Miniwarehouses and Self-Storage Units
56
loans
$1.3M
avg. amount
Insurance Agencies and Brokerages
52
loans
$1.0M
avg. amount
Home Health Care Services
49
loans
$1.5M
avg. amount
Limited-Service Restaurants
47
loans
$1.1M
avg. amount
Offices of Certified Public Accountants
47
loans
$827K
avg. amount
Child Care Services
44
loans
$2.3M
avg. amount
Funeral Homes and Funeral Services
44
loans
$1.9M
avg. amount
Services for the Elderly and Persons with Disabilities
42
loans
$1.6M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
40
loans
$1.9M
avg. amount
10-Year
1.3%
Percentile Ranking
85th
85th percentile
Live Oak Bank’s median variable rate is + 1.50%, against a market median of Prime + 1.88%, 38 below market.
It priced below the market median in every one of the last 8 quarters. 25 of the 1,409 loans in its trailing three-year book carried a fixed rate; the rest were variable.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.47% |
| $500K-$1M | Prime + 1.49% |
| $1M-$2M | Prime + 1.38% |
| $2M-$3M | Prime + 1.32% |
| $3M-$4M | Prime + 1.17% |
| $4M-$5M | Prime + 1.25% |
over at time of loan origination
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q3 '24 | Prime + 1.25% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 99 |
| Q4 '24 | Prime + 1.50% | Prime + 2.25% | Prime + 1.50% – Prime + 2.75% | 91 |
| Q1 '25 | Prime + 1.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 118 |
| Q2 '25 | Prime + 1.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 104 |
| Q3 '25 | Prime + 1.25% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 106 |
| Q4 '25 | Prime + 1.50% | Prime + 2.25% | Prime + 1.67% – Prime + 2.75% | 78 |
| Q1 '26 | Prime + 1.50% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 100 |
| Q2 '26 | Prime + 1.45% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 54 |
Live Oak Bank has originated 7(a) acquisition loans in 49 states, most actively in California (182), Texas (142) and Florida (128). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| California | 182 | 12.9% |
| Texas | 142 | 10.1% |
| Florida | 128 | 9.1% |
| North Carolina | 88 | 6.2% |
| Colorado | 53 | 3.8% |
| Georgia | 52 | 3.7% |
| New York | 50 | 3.5% |
| New Jersey | 50 | 3.5% |
| Pennsylvania | 46 | 3.3% |
| Illinois | 46 | 3.3% |
| Ohio | 43 | 3.1% |
| Washington | 38 | 2.7% |
| Arizona | 34 | 2.4% |
| Michigan | 33 | 2.3% |
| Virginia | 29 | 2.1% |
| Massachusetts | 27 | 1.9% |
| South Carolina | 25 | 1.8% |
| Connecticut | 25 | 1.8% |
| Oregon | 22 | 1.6% |
| Tennessee | 21 | 1.5% |
| Alabama | 21 | 1.5% |
| Maryland | 19 | 1.3% |
| Missouri | 19 | 1.3% |
| Wisconsin | 18 | 1.3% |
| Utah | 18 | 1.3% |
| Indiana | 15 | 1.1% |
| Nevada | 14 | 1.0% |
| Oklahoma | 14 | 1.0% |
| Mississippi | 12 | 0.9% |
| Minnesota | 12 | 0.9% |
| New Hampshire | 11 | 0.8% |
| Louisiana | 11 | 0.8% |
| New Mexico | 10 | 0.7% |
| Kentucky | 9 | 0.6% |
| Idaho | 9 | 0.6% |
| Arkansas | 9 | 0.6% |
| Hawaii | 8 | 0.6% |
| Kansas | 8 | 0.6% |
| Rhode Island | 7 | 0.5% |
| Iowa | 6 | 0.4% |
| Nebraska | 5 | 0.4% |
| West Virginia | 4 | 0.3% |
| Wyoming | 3 | 0.2% |
| Montana | 3 | 0.2% |
| Alaska | 3 | 0.2% |
| Maine | 2 | 0.1% |
| South Dakota | 2 | 0.1% |
| Delaware | 2 | 0.1% |
| Vermont | 1 | 0.1% |
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