{"id":967374,"date":"2026-05-27T08:11:04","date_gmt":"2026-05-27T12:11:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund\/"},"modified":"2026-05-27T08:11:04","modified_gmt":"2026-05-27T12:11:04","slug":"live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund\/","title":{"rendered":"Live Oak Bank Grant Fuels Workforce Mobility Through The Forward Fund"},"content":{"rendered":"<div class=\"mw_release\">\n<p>\n        <strong>Key Points<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:5pt;margin-bottom:5pt\">Live Oak Bank is highlighting the first-year impact of a five-year, $1 million commitment to <a href=\"https:\/\/theforward.fund\/\" rel=\"nofollow\" target=\"_blank\">The Forward Fund,<\/a> supporting the organization&#8217;s pay-it-forward financing model for career training and upskilling in North Carolina.<\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt\">In its first year, the program issued $2.3 million in loans to over 270 individuals.<\/li>\n<\/ul>\n<p>\n        <br \/>WILMINGTON, N.C., May  27, 2026  (GLOBE NEWSWIRE) &#8212; Live Oak Bank announced a $1 million grant to The Forward Fund, North Carolina&#8217;s first pay-it-forward fund dedicated to financing career training and upskilling for working adults.<\/p>\n<p>The grant launched in 2025 and will be paid over five years.<\/p>\n<p>The Forward Fund offers zero-percent interest financing for training, living expenses, and support services in high-demand fields, including commercial driver\u2019s license (CDL), basic law enforcement training, registered nurse refresher, and electrical lineworker programs.<\/p>\n<p>When graduates repay their loans after securing living-wage jobs, those funds are recycled back into the fund to support the next generation of students, creating a self-sustaining talent pipeline that reduces reliance on one-time grants.<\/p>\n<p>\n        <strong>Promising Progress in Year One<\/strong>\n      <\/p>\n<p>Since the program launched in 2025, the results demonstrate a strong early foundation:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:5pt;margin-bottom:5pt\">$2.3 million in loans issued to over 270 individuals through The Forward Fund&#8217;s pay-it-forward financing model<\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt\">$1.4 million in loans now in repayment have generated an estimated $2.8 million in new annual earnings, nearly a 2-to-1 return in first-year income<\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt\">Eight community college and training program partnerships established across North Carolina<\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt\">Average post-program salary of over $45,000, supporting family-sustaining incomes<\/li>\n<\/ul>\n<p>\n        <strong>Building Economic Mobility for the Future<\/strong>\n      <\/p>\n<p>\u201cToo many hardworking North Carolinians are held back not by talent or drive, but by an inability to afford the training needed for a better career, but not anymore,\u201d said Meaghan Dennison, founder &amp; CEO of The Forward Fund. \u201cThis partnership with Live Oak Bank is helping create a sustainable pathway to economic mobility. In just one year, we\u2019ve seen firsthand how access to flexible, zero-interest financing can change lives, strengthen families, and help employers meet workforce demand in critical industries.\u201d<\/p>\n<p>\n        <strong>Live Oak Bank&#8217;s Commitment to Workforce Development<\/strong>\n      <\/p>\n<p>\u201cLive Oak\u2019s grant to The Forward Fund is part of our broader commitment to workforce development,\u201d said Kate Groat, head of corporate philanthropy at Live Oak Bank. \u201cThe Forward Fund&#8217;s pay-it-forward model creates real, lasting change for individuals and our economy, and that&#8217;s exactly the kind of work Live Oak is proud to support.\u201d<\/p>\n<p>The bank&#8217;s philanthropic approach focuses on initiatives that help individuals build meaningful careers with family-sustaining wages, benefits, and upward mobility, while addressing critical talent gaps across North Carolina.<\/p>\n<p>\n        <strong>About Live Oak Bank<\/strong>\n      <\/p>\n<p>Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc. (NYSE: LOB), is a digitally focused, FDIC-insured bank serving customers across the country. Live Oak brings efficiency and excellence to the banking process, without branches, by using a focused approach to technology and innovation. To learn more, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mp0C3Ns2aj6Bsw9dq62cjT5FxSMoN7I4_ak6EutyX8f4xZHst3-0NW7X49UgaduR_1CBgcHiMg28Qhv9IIb2zEa3StHSljh5reFiRE5Qhn4=\" rel=\"nofollow\" target=\"_blank\">liveoak.bank<\/a>.<\/p>\n<p>\n        <strong>About The Forward Fund<\/strong>\n      <\/p>\n<p>The Forward Fund is North Carolina&#8217;s first pay-it-forward fund, investing in students to enroll, graduate, and attain high-wage employment through tailored financial support. By partnering with community colleges and employers across the state, The Forward Fund works to raise North Carolina&#8217;s median income. To learn more, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_L56PAiYkvTVnT4DFuVfdDtfm_8T1N7-GwtYG0vQyqo20qkjPEt8o0XiQh3paDq4pnpyQixZTKi0fnPLj9pIwl2ZCEfV5k9K9HdWvY8ob00=\" rel=\"nofollow\" target=\"_blank\">theforward.fund<\/a>.<\/p>\n<p>\n        <strong>Contact:<\/strong>\n      <\/p>\n<p>Madison Carlos<br \/>Live Oak Bank, Corporate Communications<br \/>910.386.6616\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=S1aQ8cmOTJ_WhhAbaMHfindr5XmSu0tZlLbOHO3ZtZTQ_so0Wa3wWCr_1tdtSTp7IPGWwXsFHDKarwX46ZXPbYwqbYYbLtg0X7nuatI1E2fp_1FwD-fkPVtr1l9h6MbEG6zxQ92vT5Rg_A0Ne0HWf0Bzgh1O5Hi9rJ2oL8Z4fdGABPFZ2T6wNw-6q-OLNqHEHNDzfOwj-SwoEnxkg71koDSG3NFNb-G3LZYXSDveeZwvFwET0o-1UlzMyGgOtWOH3OkO3wAwWieiQk3TsDj8Jo_59wVTYZv8xN8UNKZkpuidzB8QMADbmYxh-jowHqRZ\" rel=\"nofollow\" target=\"_blank\">madison.carlos@liveoak.bank<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcyNjY1MiM3NjIxNDcxIzIwMTg4MDk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YTE4MzY4NzctOWIxYi00OTI4LWIwNmQtMmU3OTM1NmYwZjg1LTEwMzAzODItMjAyNi0wNS0yNy1lbg==\/tiny\/Live-Oak-Bancshares-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key Points Live Oak Bank is highlighting the first-year impact of a five-year, $1 million commitment to The Forward Fund, supporting the organization&#8217;s pay-it-forward financing model for career training and upskilling in North Carolina. In its first year, the program issued $2.3 million in loans to over 270 individuals. WILMINGTON, N.C., May 27, 2026 (GLOBE NEWSWIRE) &#8212; Live Oak Bank announced a $1 million grant to The Forward Fund, North Carolina&#8217;s first pay-it-forward fund dedicated to financing career training and upskilling for working adults. The grant launched in 2025 and will be paid over five years. The Forward Fund offers zero-percent interest financing for training, living expenses, and support services in high-demand fields, including commercial driver\u2019s license (CDL), basic law &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Live Oak Bank Grant Fuels Workforce Mobility Through The Forward Fund&#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-967374","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Live Oak Bank Grant Fuels Workforce Mobility Through The Forward Fund - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Live Oak Bank Grant Fuels Workforce Mobility Through The Forward Fund - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Key Points Live Oak Bank is highlighting the first-year impact of a five-year, $1 million commitment to The Forward Fund, supporting the organization&#8217;s pay-it-forward financing model for career training and upskilling in North Carolina. In its first year, the program issued $2.3 million in loans to over 270 individuals. WILMINGTON, N.C., May 27, 2026 (GLOBE NEWSWIRE) &#8212; Live Oak Bank announced a $1 million grant to The Forward Fund, North Carolina&#8217;s first pay-it-forward fund dedicated to financing career training and upskilling for working adults. The grant launched in 2025 and will be paid over five years. The Forward Fund offers zero-percent interest financing for training, living expenses, and support services in high-demand fields, including commercial driver\u2019s license (CDL), basic law &hellip; Continue reading &quot;Live Oak Bank Grant Fuels Workforce Mobility Through The Forward Fund&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-27T12:11:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcyNjY1MiM3NjIxNDcxIzIwMTg4MDk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Live Oak Bank Grant Fuels Workforce Mobility Through The Forward Fund\",\"datePublished\":\"2026-05-27T12:11:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund\\\/\"},\"wordCount\":538,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTcyNjY1MiM3NjIxNDcxIzIwMTg4MDk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/live-oak-bank-grant-fuels-workforce-mobility-through-the-forward-fund\\\/\",\"name\":\"Live Oak Bank Grant Fuels Workforce Mobility Through The Forward Fund - 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In its first year, the program issued $2.3 million in loans to over 270 individuals. WILMINGTON, N.C., May 27, 2026 (GLOBE NEWSWIRE) &#8212; Live Oak Bank announced a $1 million grant to The Forward Fund, North Carolina&#8217;s first pay-it-forward fund dedicated to financing career training and upskilling for working adults. The grant launched in 2025 and will be paid over five years. 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