Live Oak Banking approved 7,656 SBA loans worth $10.0B between October 2021 and June 2026, ranking #10 of 2,283 SBA lenders nationally by loan count. Its median loan was $695,500, and 25% went to startups or businesses under two years old. It lent in 52 states, most often in California, and its most financed industry was health care and social assistance.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| California | 993 | $1.3B | $550,000 | #14 |
| Texas | 810 | $1.2B | $795,000 | #8 |
| Florida | 655 | $858.6M | $634,000 | #12 |
| North Carolina | 474 | $562.7M | $617,500 | #2 |
| Colorado | 356 | $430.9M | $660,000 | #5 |
| New York | 281 | $349.7M | $515,000 | #14 |
| Georgia | 263 | $349.3M | $725,000 | #8 |
| New Jersey | 243 | $289.0M | $500,000 | #12 |
| Pennsylvania | 219 | $261.5M | $550,000 | #14 |
| Ohio | 216 | $273.0M | $700,000 | #9 |
| Arizona | 210 | $307.2M | $902,500 | #9 |
| Michigan | 204 | $256.2M | $775,000 | #8 |
| Illinois | 202 | $272.4M | $655,000 | #11 |
| Washington | 182 | $276.2M | $1,000,000 | #15 |
| Virginia | 178 | $220.1M | $550,000 | #10 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Health care and social assistance | 1,523 | $875,000 | |
| Professional and technical services | 1,087 | $600,000 | |
| Other services (repair, personal care) | 947 | $800,000 | |
| Construction | 701 | $500,000 | |
| Restaurants and hotels | 561 | $605,000 | |
| Retail | 544 | $926,500 | |
| Finance and insurance | 450 | $427,500 | |
| Real estate and rental | 370 | $1,236,000 | |
| Administrative and support services | 362 | $417,500 | |
| Manufacturing | 339 | $670,000 |