Get an SBA loan up to $350,000 with affordable monthly payments. Funds can be in your account in as little as 25 days.
Live Oak® Express is your solution for SBA loans under $350,000. It’s designed for business owners who require rapid access to capital without the usual hassles. With our streamlined application, you can expect fast decisions, fair terms, and transparent funding from the nation’s Premier SBA Lender.
To be eligible for a Live Oak® Express loan, you need to have been in business for 2 years, have an excellent credit history, and be current on all of your business and personal debt.
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Dan Gamm – Investment Advisor
At Live Oak, we’re more than just a bank – we’re partners in our customers’ success stories. That’s why we’re thrilled to showcase the real people and businesses we’re proud to support.
We’ve empowered 60,000+ small business owners and are so proud to spotlight their incredible journeys and inspire others.
Live Oak Express is a non–real estate SBA 7 (a) term loan between $10,000 and $350,000.
A Small SBA 7(a) Loan is the U.S. Small Business Administration’s primary program designed to help small businesses access capital. It’s a versatile term loan that can be used for various business needs, like purchasing equipment or providing working capital. The key difference from a line of credit is that a 7(a) loan is typically a lump sum of money repaid over a set period with fixed or variable payments, much like a traditional loan. A line of credit, on the other hand, is a revolving credit facility, meaning you can draw funds as needed, repay them, and draw again, up to an approved limit. While the SBA offers a 7(a) Working Capital Pilot Program which acts like a line of credit, generally, a small SBA 7(a) loan refers to a term loan.
Live Oak Express loans are designed for efficiency! As an SBA Preferred Lender, Live Oak Bank can accelerate the approval process. While exact funding times can vary, Live Oak Express aims to provide quick access to capital, with funds often available in a matter of weeks.
Live Oak Express loans offer flexibility for a variety of business needs. You can use these funds for working capital purchasing essential equipment, refinancing existing business debt, or even hiring new staff to help your business grow. In some industries, Live Oak Express can be used for acquisition. The funds cannot be used for real estate purchases or improvements.
Live Oak Express offers expedited access to capital, with loan amounts up to $350,000. As an SBA Preferred Lender, Live Oak Bank has direct decision-making authority, which means a simpler and faster loan process compared to non-preferred lenders. This streamlined approach and focus on efficiency set Live Oak Express apart.
