Print
Banking & Finance

Live Oak Bank Earns USDA Lending Kudos

By Jenny Callison, posted Nov 30, 2018
Although it has made its name primarily as an SBA lender, Live Oak Bank has expanded into the realm of U.S. Department of Agriculture loans.

Success in that niche has earned the Wilmington-based bank a new accolade: It was named 2018 Lender of the Year by the USDA’s Rural Business and Cooperative Service.

Live Oak was presented the award Oct. 24 for being the highest volume lender nationwide for USDA’s Rural Business-Cooperative loan guarantee programs encompassing the Rural Energy for American Program (REAP) and the Business & Industry (B&I) loan program.
The bank launched its USDA- backed lending program in the fall of 2016, offering loans for utility- scale solar projects, waste-to-energy projects and community water and environmental programs.

Jordan Blanchard, general manager of Live Oak’s energy and environmental lending team, said in a news release, “The REAP and B&I programs are important means for getting capital into the hands of companies that are increasing our country’s energy independence while bolstering job opportunities in rural America."
Ico insights

INSIGHTS

SPONSORS' CONTENT
Webilm julieformal kellystarbuckcom mg 5471

Business is Growing at the ILM Business Park

Julie Wilsey - Wilmington International Airport
Infinity 891835159

What is EMV and Am I Liable?

Kyle Thorpe - Infinity Payment Systems
Johndevaneycapefearclinic300x300

Cape Fear Clinic Pharmacy

John Devaney - Cape Fear Clinic

Trending News

Wheelz Pizza Aims To Revolutionize Pizza Delivery

Jessica Maurer - May 22, 2019

Cameron Apartment Project Rezoning Request To Come Before Planning Board

Jenny Callison - May 23, 2019

JuSea To Offer Healthy Options On Carolina Beach Boardwalk

Jessica Maurer - May 22, 2019

New Tenants Announced For Leland Retail Center

Cece Nunn - May 23, 2019

Home Sales In April Slumped 12% In Wilmington Area; Decline Blamed On Inventory

Cece Nunn - May 22, 2019

In The Current Issue

Trattoria On Market St. Savors Popularity

The eggplant Parmesan is so popular at Rosalie’s Trattoria, the restaurant can’t keep the vegetable in stock, said owner Al Cervini....


Columbus Ship Replica Comes To Wilmington

Modeled after the Santa Maria, the Nao Santa Maria has been on display at Port City Marina...


WAHA Kicks Off Membership Drive

The Wilmington Area Hospitality Association (WAHA) kicked off its annual membership drive May 15 at an event at the Embassy Suites by Hilton...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Transporting the Future - Power Breakfast 3.12.2019
Health Care Heroes 2018