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Live Oak Bancshares Inc. is a bank holding company headquartered in Wilmington, North Carolina. It operates primarily as a digital bank, focusing on serving small businesses across the United States. The company's core business revolves around originating and servicing Small Business Administration (SBA) loans, which represent a significant portion of its loan portfolio. Beyond SBA lending, Live Oak offers a range of business banking products including deposit accounts, treasury management services, and commercial real estate financing. Its digital-first approach allows for efficient loan origination and customer service, differentiating it from traditional brick-and-mortar institutions. Live Oak Bank has established itself as a leading SBA lender, leveraging technology to streamline processes and reach a broad customer base. The company's strategy centers on providing financial solutions tailored to the needs of entrepreneurs and small businesses, aiming for continued growth in its specialized lending and banking segments.
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