Print
Banking & Finance

USDA, NC Organization Honor Live Oak Bank

By Jenny Callison, posted Jan 8, 2021
In mid-December, the U.S. De­partment of Agriculture Rural Department named Live Oak Bank its top 2020 commercial lender. The Wilmington-based bank led the 181 commercial lenders that partnered with the USDA in 2020 to invest a total of $2.1 billion in rural commu­nities and businesses. Live Oak alone made loans totaling $345 million, according to a news release.
 
“These investments helped 34 rural businesses acquire essential working capital through USDA’s Business and Industry (B&I) Loan Guarantee Pro­gram, 45 rural businesses take advan­tage of more efficient and renewable energy sources through USDA’s Ru­ral Energy for America Loan Guar­antee Program, five rural communi­ties modernize their water and waste water infrastructure through USDA’s Water and Environmental Programs and three rural communities build or modernize their local essential community facilities through USDA’s Community Facilities Loan Guaran­tee Program,” the release stated.
 
At the sixth annual N.C. Clean Energy Champions awards ceremony in December, the Wilmington-based bank also was named a Clean Energy Champion for its sustainable lending program that has provided more than $1 billion in long-term financing to the renewable energy industry.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Atromitos micheallegady headshot

The Business Case For Medicaid Expansion – 3 Reasons Business Leaders Should Support Medicaid Expansion

Michealle Gady - Atromitos
Mikeharrington carolinaretreats 2

The Big Three: Occupancy, ADR, and RevPAR

Mike Harrington - Carolina Retreats
Morton300x300

A Parent's Guide to the FAFSA® — 6 Need-to-Knows

Jim Morton - Cape Fear Community College

In The Current Issue

Transit Director Leads Adaptation

Wave Transit’s role in the community’s physical and economic well-being is something Wave’s new executive director, Marie Parker, wants resi...


Buying Homes, Sight Unseen

“The market is so competitive, even a matter of hours can be too little, too late."...


Info Junkie: Ray Pastore

Ray Pastore, associate professor and Esports program coordinator for the University of North Carolina Wilmington, shares his tech and info p...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100