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