Live Oak Bank has announced three new members that will serve as senior loan officers for the bank’s General SBA Lending team, according to a news release.
Those individuals include Kelley Mears, Paul Moreno and Seth Vander Woude, officials said. Each are specializing in business acquisitions, real estate, equipment and partner buyouts.
Mears joins Live Oak with more than 25 years of experience in originating SBA loans including 7(a) and 504 in both urban and rural areas, officials said in the release. She focuses on transactions involving commercial real estate, business acquisitions, equipment, working capital and refinances.
Officials said she has funded more than $300 million in business loans over her career. Prior to Live Oak, Mears worked for an SBA lender and she focused on the Oregon, Alaska and Idaho markets.
) has more than 12 years of commercial lending experience. In his most recent role, Moreno worked an SBA lender covering the Dallas and Austin markets, officials said.
At Live Oak, Moreno focuses on cashflow lending, goodwill financing and working capital, according to the release. He received a bachelor's degree in international business from the University of Texas at Arlington.
Vander Woude joins has spend the last 17 years working for some of the nation's largest banks, officials said.
At Live Oak Bank, he works with small business owners in commercial real estate purchases, new construction, tenant improvements, equipment and business acquisitions, according to the release.
Vander Woude (left
) received a bachelor's degree in finance and international business from New Mexico State University.
"We are thrilled to continue adding exceptional, seasoned lenders to our team," Kay Anderson, director of emerging markets at Live Oak Bank, said in the release. "These three individuals have provided financing to hundreds of small business across the nation, and have specialties in owner-occupied commercial real estate, business acquisitions and refinances that help round out our SBA lending platform."