Live Oak Bank announced it has officially launched a new lending division focused on financing for the automotive care industry. The vertical marks Live Oak’s 16th industry specific lending division and will concentrate on businesses that provide quick lube services, tire centers, service and maintenance shops, collision repair shops, paint and body shops, and select auto part franchises.
Live Oak Bank assembled a team of lenders to provide flexible lending solutions to current and prospective business owners within a variety of deal structures.
“The automotive industry is one of the largest in the U.S., yet owners of auto repair businesses
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