Get an SBA loan up to $350,000 with affordable monthly payments. Funds can be in your account in as few as 15 days.2
Live Oak® Express is your solution for SBA loans up to $350,000—designed for business owners who need rapid access to capital without the usual hassles. Unlike unsecured loans that promise speed but come with high costs and daily repayment schedules, Live Oak® Express offers a better way.
Monthly payments for a $150,000 business loan.
| Short Term Loan | Business Line of Credit | Business Credit Card | Live Oak Express Loan | |
|---|---|---|---|---|
Est. Monthly Payment |
~$10,007 | ~$9,060 | ~$7,650 | ~$1,890 |
Average Rate |
~50% | ~39% | ~21% | ~8.75% |
Term |
2 Years | 2 Years | Revolving | 10 years |
Repayment |
Daily/Weekly Payments | Monthly Payments | Monthly Payments | Monthly Payments |
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.
“Applying and obtaining a small business loan was a great experience. It is a great way to get fast working capital. I also love that it is a fixed interest rate with no prepayment penalty. The folks at Live Oak make the whole process very easy. I highly recommend it for anyone looking for capital for their business.”
Dan Gamm – Investment Advisor
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Live Oak® Express loans are designed with flexible use in mind, but there are a couple of firm restrictions. These loans cannot be used to purchase real estate, and they also cannot be used to refinance existing merchant cash advance (MCA) debt. Outside of those two hard stops, most standard business purposes are typically eligible. If you have a specific use case in mind, we’re always happy to help confirm whether it fits.
Live Oak® Express is a fast, non–real estate SBA 7(a) term loan between $10,000 and $350,000, built for business owners who need quick access to capital. It features streamlined underwriting and funding in as little as 15 days, with eligibility focused on at least two years in business and strong credit. As an SBA Preferred Lender, Live Oak can make in house credit decisions, speeding up approvals.
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 as little as 15 days.
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.
The Small Business Administration (SBA) serves as the main resource for government-backed business loans. Because a portion of an SBA loan is guaranteed by the government, these loans allow small business owners to obtain capital with less equity than a conventional loan requires.
The most common SBA loan offers flexibility on terms/uses and is a good option for acquisitions, partner buyouts, real estate purchases and refinance.
The USDA Rural Energy for America Program (REAP) and USDA Business & Industry Program (B&I) support rural economic development and are a powerful option for larger-scale projects, including solar, battery storage and other emerging technologies.
