Live Oak Bank

Point of Contact: Mike Strakhov, CPCU, – Head of Insurance Banking

Available Services: Business Loans, Savings & Checking

Live Oak Bank offers banking built around insurance professionals. Our non-commission, insurance banking experts fully understand the nuances of your specific business model and will support you with customized financial products focused on your success. Whether you need a high-yield savings account, a robust checking account or agency financing we have a variety of solutions that benefit your bottom line.

We’re Not Most Banks

• Loans starting at $10,000
• Expedited process for loans under $500,000
• Conventional & SBA loan options
• Cash flow driven lending with flexible down payment options
• 10-year loan terms, no prepayment penalties (longer terms for real estate)
• Flexible and efficient closings to meet borrowers’ needs
• Extensive financing options with competitive rates, no balloons, and no covenants
• Technology-based lending platform streamlines the process with minimal paperwork
• Consultative relationship that continues after your loan has been financed