Overview of Live Oak Bank
Live Oak Bank is an online bank founded in 2008, based in Wilmington, North Carolina. It offers a range of products and services tailored to small businesses across all 50 states, including loans, credit lines, credit cards, savings accounts, CDs, and online/mobile banking. Live Oak Bank is recognized as the leading USDA B&I lender and the top SBA 7(a) lender by dollar volume.
Convenience and Services
Live Oak Bank prioritizes small businesses, aiming to provide accessible and efficient financial solutions. The bank leverages technology to enhance the banking experience for its clients. While the bank lacks physical branches, it offers a user-friendly online platform with competitive rates and reliable customer service.
Contact and Account Opening
To contact Live Oak Bank, you can reach out by phone during weekdays from 8 am to 8 pm Eastern Time. Accounts can only be opened online, where the bank’s website provides calculators to aid in determining loan eligibility. To open an account, you will be required to provide personal information and undergo ID verification.