Live Oak Bank specializes in loans and competitive rates, offers online banking and a focus on customer service. Learn if it can be a best fit for your business.
Live Oak Bank is a digital-first bank that provides tailored financial services for small businesses and entrepreneurs across various industries.
Offering a range of products from high-yield business savings accounts to specialized small business loans, Live Oak Bank aims to help business owners access competitive rates, simplified banking, and a highly responsive customer service experience.
Wondering if Live Oak Bank is right for your business needs? Below, I dive into Live Oak Bank’s key services, rates, customer reviews, and competitive comparisons to see how it stands up in the business banking landscape.
Live Oak Bank fast facts
My rating: 4.7 out of 5
Starting price: No monthly maintenance fees for accounts
Key features:
- High-Yield business savings: Competitive APY for small business savings accounts
- Specialized loans: Customizable loan solutions for small business growth
- Digital-first model: Full online banking services with a dedicated customer support team
- FDIC-insured: Account balances insured up to $250,000
Overview of Live Oak Bank
Live Oak Bank caters specifically to business clients, providing industry-focused loan products and high-interest savings options. With a digital-only banking approach, Live Oak makes it easy for entrepreneurs to manage funds and apply for loans without the need to visit a physical branch.
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Source : https://www.techrepublic.com/article/live-oak-bank-review/
