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
Dallas headshot 300x300

Is A Family Transfer Right For Your Business?

Dallas Romanowski - Cornerstone Business Advisors
Carolinemontgomery4

New Dec 2020 Government Stimulus and Programs

Caroline Montgomery - Adam Shay CPA, PLLC
Dave sweyer 300 x 300

4 Great Reasons Service Members Should Consider Becoming Investment Property Owners

Dave Sweyer - Sweyer Property Management

Trending News

What's Next For Mixed-use Project On South College Road

Cece Nunn - Jan 25, 2021

Downtown Grocery Store Founders Share Details

Jessica Maurer - Jan 26, 2021

Genesis Block Names 10 Companies Selected For Minority Business Accelerator

Christina Haley O'Neal - Jan 25, 2021

Wilmington Ranks On MovieMaker's Best Places To Live And Work

Christina Haley O'Neal - Jan 26, 2021

In Downtown Wilmington, Coworking Space Opens In Overhauled Building

Cece Nunn - Jan 26, 2021

In The Current Issue

New Year Tech Outlook

Experts say shifts brought on by the pandemic starting last year will continue to influence businesses and technology....


Boutique Hotel Responds To Pandemic

The first year of business is the most tenuous, no matter what, but add a pandemic to that year, and it becomes even more tricky. Find out h...


Manufacturer Anticipates Ongoing Growth

South-Tek Systems, a manufacturer of nitrogen generation technology, is continuing to grow and hire in the area....

Book On Business

The 2020 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