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Live Oak Bank & Byline Bank Dominates SBA Lending to Advisors

The higher the loan amount the higher the LOB-BY marketshare

LOB-BY commands a substantial market share of advisor SBA loans, with 66% of all funded dollars. They have also dominated in larger loans, with 70% of loans over $450,000 and 72% of loans over $1 million. Both Live Oak Bank and Byline Bank have individually funded over 150 SBA loans to advisors in the last five years. To put this in perspective, of the 157 other SBA lenders funding advisors during this period, none exceeded 50 loans, and only nine reached double digits.

LOB-BY Dominates Advisor SBA Lending

LoanBox boasts a formidable lending duo: Live Oak Bank and Byline Bank, collectively referred to as LOB-BY. These two leaders together have funded over $1 billion of the $1.6 billion allocated to advisors through SBA loans. AdvisorBox introduced Live Oak Bank to the industry in 2014 and brought Byline Bank into the fold in 2016. Over the past five years, LOB-BY has represented two-thirds of the advisor SBA lending niche.

While both banks excel in high-volume, larger loan amounts through SBA and conventional channels, there are notable differences in their loan preferences and approval criteria. Each bank has distinct policies, qualifying criteria, and loan committee leanings, meaning you might be approved by one and denied by the other based on various factors. However, a key commonality between Live Oak Bank and Byline Bank is their commitment to efficiency; neither wants to waste your time if you don’t meet their qualification requirements.

This is where LoanBox shines. Our platform matches more than 25 criteria points specific to LOB-BY for advisor lending. When you complete the LoanBox loan package, the algorithms determine your eligibility and potential match with one or both lenders. If you qualify, your package is sent to LOB-BY for review. Should they be interested and if you meet 100% of their critical criteria points, you'll receive a loan proposal.

All proposals follow the same format, making it easy for you to compare and contrast options. Upon choosing the winning lender, you can follow the streamlined process within the LoanBox manager.