A business expansion loan is a source of capital for successful businesses that are poised to grow. If you have a well-defined strategy for expansion and a proven business model, a business expansion loan could be an ideal fit to evolve your customer base and increase your profits. Investing in your business often requires extra capital to help you reach an untapped market, expand your physical location or generate new streams of revenue. That’s where a lender like Live Oak Bank comes in. We are experts in helping owners like you understand the best way to finance a business expansion.
BUSINESS EXPANSION LOANS
Equity Requirements
Minimal equity injection required
Loan Term
Up to 25 years
Loan Amount
Varies by product, SBA 7(a) up to $5 million and SBA 504 up to $15 million*
$200 Bonus2 for Business Essential Checking Accounts
Pair your business loan with a smarter way to bank. Open a Business Essential checking account with Live Oak and earn a $200 bonus2 when you maintain a $5,000 bonus for 90 days. Benefit from an unlimited number of transactions, low fees and support from a U.S.-based team.
ACCELERATE YOUR GROWTH WITH AN EXPANSION LOAN
From buying commercial real estate to upgrading your equipment and even hiring new team members, an expansion loan can boost your business. Discover the ways we’ve helped our customers achieve more.
With over 200 years of family experience, Howard McComas saw an opportunity to grow his legacy. He purchased an existing funeral business along with an event center to add to his offerings and increase revenue. This new venture marks the beginning of a new chapter for the McComas’ family business.
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“Comparing our relationship with Live Oak Bank to another bank that we tried to get along with was night and day…The support that they’ve offered is pretty remarkable and amazing. Anybody who has the money can loan it, but not everyone is going to form that relationship.”
– Dr. Sam Smith & Dr. Stephen Anderson, Co-Owners
Business Expansion Loan Benefits
Minimal Down Payment
As an established business owner, you are not required to contribute a large amount of cash up front. This means more money in your pocket and solid cash flow for your business.
Attractive Maturity Rates
Depending on how you plan to use your small business expansion loan, you could qualify for a repayment term of up to 25 years. A longer repayment period puts you in a better place to manage your capital.
Interest-Only Payment Period
You’ll have the option of an interest-only period, which is ideal if you’re aiming to increase your cash flow before taking on full payments.
*We have the ability to fund larger owner-occupied commercial real estate projects with our combination debt financing solution.