{"id":401271,"date":"2020-12-16T16:03:07","date_gmt":"2020-12-16T21:03:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401271"},"modified":"2020-12-16T16:03:07","modified_gmt":"2020-12-16T21:03:07","slug":"live-oak-bank-named-leading-usda-commercial-lender","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/live-oak-bank-named-leading-usda-commercial-lender\/","title":{"rendered":"Live Oak Bank Named Leading USDA Commercial Lender"},"content":{"rendered":"<div class=\"mw_release\">\n<p>WILMINGTON, N.C., Dec.  16, 2020  (GLOBE NEWSWIRE) &#8212; Live Oak Bank\u00a0has been named the top 2020 commercial lender by the\u00a0U.S. Department\u00a0of Agriculture Rural Development.\u00a0\u00a0<\/p>\n<p>The <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=E3jtbZcSLEW1i0y-vOqqNQTlej6RpUGUSJY3pfDa-qq-rDGODRUaum-HXTJ7VxktoqdrCh7g3uRMQJ9Znd_yYKYa0PQNQ1SMxe09gjBpf3sizVdyftJaC3LuCp1Juqnb8oQHf6kL9Q4t5Xu2hA5r6g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">results<\/a> were announced Dec. 15, with Live Oak leading the 181 commercial lenders that partnered with the USDA in 2020 to invest $2.1 billion in rural communities and businesses.<\/p>\n<p>\u201cLive Oak Bank is honored to support the entrepreneurs in America\u2019s rural communities who are vital to our country\u2019s economy,\u201d said\u00a0Jordan Blanchard, EVP of specialty finance at Live Oak. \u201cThe USDA\u2019s loan programs help companies throughout the\u00a0country\u00a0grow and thrive and we are proud to leverage their financing options to support\u00a0renewable energy projects and job-producing small businesses in rural America.\u201d<\/p>\n<p>Live Oak partnered with USDA to invest $345 million in rural communities during FY 2020. These investments helped 34 rural businesses acquire essential working capital through USDA\u2019s Business and Industry (B&amp;I) Loan Guarantee Program, 45 rural businesses take advantage of more efficient and renewable energy sources through USDA\u2019s Rural Energy for America Loan Guarantee Program, five rural communities modernize their water and waste water infrastructure through USDA\u2019s Water and Environmental Programs and three rural communities build or modernize their local essential community facilities through USDA\u2019s Community Facilities Loan Guarantee Program.<\/p>\n<p>To learn more about Live Oak\u2019s lending services, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZsTtuo9sSge7j-B4WqGVhJyMoHuVfMoRN-Ijoor4v3dgNIi_eJBsqZkEpWnvds-AasLepS7TwNrJu8EI8SWp6m9tr944N4frraYnkD-YVjc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.liveoakbank.com<\/a>.<\/p>\n<p>\n        <strong>About\u00a0Live Oak Bank<\/strong><br \/>\n        <br \/>Live Oak Bank, a subsidiary of\u00a0Live Oak Bancshares, Inc.\u00a0(Nasdaq: LOB), is a digitally focused,\u00a0FDIC-insured bank serving customers across the country. Live Oak puts a groundbreaking spin on service and technology to redefine banking. Our products help customers buy, build and expand their business, and high-yield savings and CD products to grow their hard-earned money. To learn more, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZsTtuo9sSge7j-B4WqGVhLbjmJ9Rn11WtwI7JT2ktmQ4oBmtmYUyym6Kfzk-n0a-_mk2-o0s4O6_A0DctMM_4lxT3m-JFNZst988IWpUz5f4ASqrHbUFS-PPkBGam1X7DB4YsAt3EkwPlk0hFP9VCIghLi_LzKf4ioKSIZzoj27icYSM6fYXlShAJbP4HV87s2Q1s5Unne4g15H3Hx1Qr-_h4tGrRkb3dcCCFiRcv-Wf6Uke-eulGZ8aIl_aVySO\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.liveoakbank.com<\/a>.\u00a0<\/p>\n<p>Contact:<br \/>Claire Parker,\u00a0SVP Corporate Communications<br \/>910.597.1592<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=i8h4FUSxa95MJxX__ZWMmdLpmx3ZKKV3BigmvbjqASr3fDzYojFQV9gJBaQCLEBqmrCPJpU4S6sdtKjkLo2XZt_CNhAEsdQF-Vd7AbyXF6p6stQ-sfCOVjfHJocl51AF\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">claire.parker@liveoak.bank<\/a><\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzU0OCMzODg1MjE1IzIwMTg4MDk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/aa69c372-05ad-459c-a4e9-33cf14f2f8f9\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WILMINGTON, N.C., Dec. 16, 2020 (GLOBE NEWSWIRE) &#8212; Live Oak Bank\u00a0has been named the top 2020 commercial lender by the\u00a0U.S. Department\u00a0of Agriculture Rural Development.\u00a0\u00a0 The results were announced Dec. 15, with Live Oak leading the 181 commercial lenders that partnered with the USDA in 2020 to invest $2.1 billion in rural communities and businesses. \u201cLive Oak Bank is honored to support the entrepreneurs in America\u2019s rural communities who are vital to our country\u2019s economy,\u201d said\u00a0Jordan Blanchard, EVP of specialty finance at Live Oak. \u201cThe USDA\u2019s loan programs help companies throughout the\u00a0country\u00a0grow and thrive and we are proud to leverage their financing options to support\u00a0renewable energy projects and job-producing small businesses in rural America.\u201d Live Oak partnered with USDA to invest &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/live-oak-bank-named-leading-usda-commercial-lender\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Live Oak Bank Named Leading USDA Commercial Lender&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-401271","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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