Banking/Financing

Company Snapshot

• Year Founded: 2008
• Headquarters Location: 1757 Tiburon Drive, Wilmington, NC 28403
• Ownership: Public (Listed as Live Oak Bancshares, NYSE: LOB)
• Key Executives: James S. (Chip) Mahan III (Chairman \& CEO), William C. (BJ) Losch III (President)
• Number of Locations: Digital/cloud-based bank with a single headquarters; serves all 50 states
• Public Contact: Phone: 866.518.0286 | Email: humanresources@liveoak.bank [^4]

Company Overview

Live Oak Bank is a digital-first, cloud-based bank specializing in small business financing and deposit services nationwide. The bank is recognized as America’s top SBA 7(a) lender and provides tailored financial solutions to franchise systems, supporting expansion, acquisition, and operational growth for franchise businesses.

Services Offered

• Franchise and small business loans, including SBA 7(a) and conventional loans
• Customized financing for acquisitions, real estate, refinancing, and working capital
• FDIC-insured deposit products such as high-yield savings, checking, and CDs
• Digital banking support, industry expertise, and streamlined loan processing for franchisors and franchisees

Value Proposition

• Industry Specialization: Focuses on franchise finance with dedicated teams across 35+ industry verticals, including QSR, retail, home care, service, and automotive repair.
• Key Benefits: Provides access to SBA and conventional loans with streamlined processing times, deep expertise in franchise lending, and flexible financing for both emerging and established franchise operators.
• Franchise Expertise: National reputation as a leading SBA lender for franchises, with lending teams and case experience in numerous franchise systems and tailored resources explicitly for franchisor/franchisee needs.