Live Oak Banking Company SBA loans in Illinois
Short answer
SBA's loan file shows Live Oak Banking Company made 252 SBA loans in Illinois since October 2019. 51.6% financed a change of ownership, against 41.6% of its loans nationally.
- SBA loans, Oct 2019 to Jun 2026
- 252
- median loan
- $768,750
- dollars approved
- $348.56M
- financed a change of ownership
- 51.6%
This site is not Live Oak Banking Company
sbaexpress.loans is not Live Oak Banking Company, and Live Oak Banking Company did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from Live Oak Banking Company.
These are the 252 SBA 7(a) loans Live Oak Banking Company made in Illinois approved October 2019 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you. Every state page for this lender uses this same period, so the pages can be compared with each other.
How Live Oak Banking Company differs in Illinois
What this means for you. If you are buying a business, purchases were a bigger share of these loans here than elsewhere.
Change of ownership
51.6% of the loans in Illinois financed a change of ownership, against 41.6% of its loans nationally.
We compared 9 measures with the national figure for the same period, and this is the one that differs clearly. The table compares every measure.
Illinois next to the U.S.
| Measure | Illinois | All its U.S. loans | Reading |
|---|---|---|---|
| Lender's share of all SBA loans | 2.2% | 2.9% | No clear gap |
| Median loan | $768,750 | $785,000 | No clear gap |
| Middle half of loans | $350,000 to $1,762,500 | $350,000 to $1,950,000 | – |
| Startups (the loan opens the business) | 13.5% | 16.3% | No clear gap |
| In business 2 years or less | 7.5% | 6.0% | No clear gap |
| In business more than 2 years | 27.4% | 35.9% | No clear gap |
| Change of ownership | 51.6% | 41.6% | Clearly higher |
| SBA Express | 17.1% | 14.7% | No clear gap |
| Lines of credit | 15.9% | 13.9% | No clear gap |
| Median term | 10 years | 10 years | – |
| Median spread over Prime at approval | 1.97 points over Prime | 2 points over Prime | – |
Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference.
What Live Oak Banking Company lends to in Illinois
The 5 industries below account for 66 of the 252 loans approved October 2019 to June 2026, or 26.2%. An industry is listed when it has 5 or more of them, five at most.
| Industry | Loans | Share here | U.S. share |
|---|---|---|---|
| Funeral Homes and Funeral Services | 15 | 6.0% | Not in top 5 |
| General Automotive Repair | 15 | 6.0% | Not in top 5 |
| Insurance Agencies and Brokerages | 12 | 4.8% | 4.1% |
| Lessors of Miniwarehouses and Self-Storage Units | 12 | 4.8% | 4.2% |
| Pet Care (except Veterinary) Services | 12 | 4.8% | Not in top 5 |
Share here is the industry's share of the lender's loans in this state. U.S. share is its share of all the lender's loans nationally. Not in top 5 means it is not one of the lender's five most common industries.
Live Oak Banking Company in other states
Other states where these loans differ clearly from the national pattern, most loans first.
Other lenders in Illinois
Other lenders in Illinois with a clear difference from the national pattern, most loans first.
| Lender | Loans since October 2019 |
|---|---|
| Fifth Third Bank | 172 |
| Bank of America | 136 |
| CenTrust Bank, A Division of SmartBiz Bank | 126 |
| Wells Fargo Bank | 54 |
| BMO Bank | 52 |
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. A lender's past loans do not describe its current credit policy. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. How we build these pages.
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Cite this page: Live Oak Banking Company SBA loans in Illinois. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/sba-express-lenders/live-oak-banking-company/illinois/
Ask lending partners about your loan in Illinois
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