Live Oak Bank risk score

Live Oak Bank, established during the challenging times preceding the Great Recession, has distinguished itself as a pioneering financial institution dedicated to redefining the banking experience with a customer-centric approach. Based in the United States, Live Oak Bank operates as a fully digital, cloud-based entity that caters to small business owners across all 50 states, emphasizing personalized service and innovative technology.

As the nation's leading SBA 7(a) lender by dollar volume, Live Oak Bank is committed to supporting the growth and development of small businesses. It offers a comprehensive suite of banking products designed to assist business owners in purchasing, building, and expanding their operations. Additionally, the bank provides FDIC-insured checking accounts, high-yield savings accounts, and certificates of deposit, helping clients to maximize the returns on their investments.

Live Oak Bank is part of a larger family of companies under Live Oak Bancshares (NYSE: LOB), which includes various subsidiaries that share the bank's revolutionary focus on service and technology. This collective group works in harmony to enhance the banking experience and deliver exceptional value to customers.

The bank's philosophy is encapsulated in its mantra to treat every customer like the only customer. This approach not only reflects Live Oak Bank's dedication to exceptional service but also reinforces its mission to be recognized as America's small business bank. By aligning its operations with the needs and aspirations of driven, passionate entrepreneurs, Live Oak Bank continues to make a significant impact, helping turn business dreams into tangible realities.