Live-Oak Bank

searcher profile

June 03, 2025

by a searcher from Stevens Institute of Technology in New York Metropolitan Area, USA

Live Oak Bank seems to be support of Searchfunders but a few deals that various people have taken to Washington DC didn't pan out. One - they don't like construction contractors doing govcon (100% federal work). Two - they make you run around and then say they won't fund the deal. Anyone having this experience in other sectors and/or deals?
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commentor profile
Reply by a professional
from Bentley College in Miami, FL, USA
I’ve worked with many clients who had positive experiences with Live Oak. As Caleb mentioned, it can be challenging to find a lender for deals in sectors like construction, government contracting, e-commerce, and certain industries — those are just tough right now. I’ll echo the point that a bank passing on your deal doesn’t necessarily mean it’s a bad bank; it may simply be a deal they view as too risky or not the right fit. That said, there are lenders who aren’t great to work with—but that’s the exception, not the rule.
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Reply by a professional
in New York, NY, USA
Hi! Here are my two cents: "If a bank doesn't want to fund a deal... its probably because they don't think they will get their money back. Says more about the seller's company and asking price than the bank. A lot of banks done like constructions contractors doing govcon right now. How do you mean they make you run around?
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