Live Oak Bank Achieves Approval As A Participating Financial Institution Program Member


Congratulations to David Lucht, SVP and team Live Oak Bank, a publicly traded (NASDAQ) North Carolina-chartered commercial bank with over $3.8 billion in total assets.  The organization predominantly originates government-guaranteed business loan transactions ( and has achieved approval by the California Infrastructure & Economic Development (IBank) as a participating member financial institution. Live Oak Bank can now leverage California’s capital access programs to expand its direct lending efforts to small businesses in California including agricultural and rural energy concerns within its assessment footprint. The IBank was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities. #banking #smallbusiness #sbdoc