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Live Oak is one of the top insurance lenders in the country, according to data from the Small Business Administration, and has been lending to the industry since 2015.
The team is led by General Manager
"It gives us great pride to reach such an important milestone in lending to the insurance industry around the country," said Drouillard. "Our business model and dedicated team, who only specialize in this industry, are committed to helping owners grow their business and ultimately achieve the American dream of being a successful small business owner."
The volume of loans signifies Live Oak's expertise and dedication to the insurance industry. Live Oak's insurance financing team is focused on loans for acquisitions, perpetuation, real estate, new construction, working capital and refinancing.
To learn more about Live Oak Bank and insurance financing, visit www.liveoakbank.com/insurance.
About Live Oak Bank