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Personal Banking & Small Business
Commercial Banking
Business Loans
We are seasoned SBA loan experts who work with brokers, intermediaries and individuals on business acquisitions, partner buyouts and real estate purchases with flexible SBA lending options and an innovative technology platform.
We specialize in acquisition financing across the nation and in every industry. If you have a project that exceeds the SBA 7(a) $5 million loan limit, our combination financing program is a creative solution. We pair an SBA 7(a) loan ($5 million) with a conventional loan (amount based on need) and a line of credit, tailored to your business needs.
Loan Amount
Varies by product. Up to $15 million — SBA 7(a), 504 and conventional offerings
Loan Term
Up to 25 years
Equity Requirements
Minimal equity injection required
Interest Rate
Varies per loan
With Live Oak, you get a partner who believes in your success, and is willing to take the journey alongside you. We provide small business loans tailored to your goals.
SVP - Small Business Lending
John Randall joined Live Oak Bank in 2018 and currently manages the bank’s lending team in the Midwest. Since 2001, John has been lending to small businesses and has funded over $500 million in business loans. He specializes in financing business acquisitions, partner buyouts, and owner-occupied commercial real estate. His underwriting, portfolio management and credit-decisioning experience give John a unique perspective in the lending business.
John has served numerous community organizations including Habitat for Humanity, Red Cross, the Indiana Leadership Forum, Northview Church and Crown Financial. He was recognized with a National Volunteer Award from Wells Fargo, was selected to the Indianapolis Business Journal’s "40 under 40" list and was named one of Indianapolis’s 100 Best and Brightest by Junior Achievement. John lives in McCordsville, Indiana, with his wife and two daughters. He enjoys spending time outdoors, shooting sporting clays and winemaking.
VP - Small Business Lending
Mike joined Live Oak Bank as a senior loan officer in 2021. Over the course of his 18 years in SBA lending, Mike has funded over $275 million in small business loans. Mike is highly experienced in business acquisitions, commercial real estate, partner buy-outs and franchise financing. Mike lives in Fishers, Indiana with his wife and three children. Outside of Live Oak, he enjoys coaching his kids and spending time on the links.