Live Oak Banking Company
Headquartered in WILMINGTON, NC. Analysis based on 9,065 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $12.61B.
Risk ranking: Among 65 lenders with 500+ mature SBA 7(a) loans (FY2020–FY2023),
Live Oak Banking Company ranks #12 by charge-off rate (0.44%).
Total 7(a) loans
9,065
Total approved
$12.61B
Average loan
$1.4M
States funded in
52
Charge-off rate
0.44%
FY2020–FY2023 cohort
Paid-in-full rate
27.07%
Average rate
7.86%
Average term
172 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 621210 | Offices of Dentists | 618 |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 408 |
| 541940 | Veterinary Services | 384 |
| 524210 | Insurance Agencies and Brokerages | 373 |
| 722513 | Limited-Service Restaurants | 359 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 313 |
| 811111 | General Automotive Repair | 256 |
| 621610 | Home Health Care Services | 249 |
| 541211 | Offices of Certified Public Accountants | 226 |
| 624410 | Child Day Care Services | 195 |
Top 10 states
| State | Loans |
|---|---|
| CA | 1,187 |
| TX | 964 |
| FL | 717 |
| NC | 603 |
| CO | 432 |
| NY | 321 |
| GA | 316 |
| PA | 270 |
| NJ | 259 |
| OH | 257 |
Top franchise brands financed
1,522 franchise loans across 263 distinct brands.
| Franchise | Loans |
|---|---|
| Ace Hardware | 67 |
| Anytime Fitness | 62 |
| Home Instead/Home Instead Seni | 55 |
| UNITS | 47 |
| Servpro | 46 |
| Dogtopia | 40 |
| Tropical Smoothie Cafe | 36 |
| Primrose Schools | 36 |
| Jersey Mike's | 35 |
| Strickland Brothers 10 Minute | 32 |
Get matched with SBA lenders — free
Tell us a bit about your funding need and we'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
We never sell your data. You'll be connected only to lenders matching your criteria.
Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.