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Live Oak Bank
Financial institution · Wilmington ·
@eater
391,688 Postcards · 10,991 Cities
How One LA Restaurateur Secured a $1.5 Million Paycheck Protection Loan | Eater LA
"A small bank based in Wilmington, North Carolina that specializes in SBA lending and acted as a faster alternative to larger national banks during the PPP rush: one restaurateur applied on April 9, received SBA approval the next day, and obtained funds on April 21. The institution’s specialization in SBA products helped avoid the backlog experienced at larger banks and served as an example of seeking a specialist rather than a generalist during emergency lending events." - Matthew Kang
