SBA FINANCING ROADMAP BUSINESS ACQUISITIONEXPERIENCE THE LIVE OAK BANK DIFFERENCELive Oak Bank specializes in acquisition financing across all industries nationwide. Our dedicated mergers and acquisitions lending team has extensive Small Business Administration (SBA) expertise. Our team will help you understand the process of acquiring a business structured with SBA financing.

Start(3-5 Days)

Bank Underwriting Approval(7-10 Days)

Prequalification(3-5 Days)

Beginning of Loan ClosingProcess (2-4 Weeks)

Fulfillment of Application Checklist (2 Weeks)

Funding/Transfer of Ownership (2 Weeks)

• Buyer contacts LOB• LOB reviews initial buyer and seller financialinformation

• No cost

• LOB credit executive analysis and borrower discussion

• Deliveryoffinalapprovalandcommitmentletter

• Expressionofinterestletterwithproposedstructure

• Buyerstartslifeinsuranceprocess• Depositforbusinessvaluationsandappraisalsmaybecollected

($2,500-$5,500)

• Closingneedslistpresentedtobuyer• Business valuation ordered• Collateralappraisalordered• Lease/Landlord waiver• Lifeinsuranceprocesscompletewithbankassignment

• ReviewofLOBsellersubordination• ExecutionoffinalPSA• LOB conducts business site visit

• Buyerandsellercompleteapplicationquestions

• LOB analyzes and organizes informationforloansubmission

• LOBloandocumentspresentedtobuyerforsignatureatescrow

• Buyer(s)signwithLOB• Buyerandsellersignfinalescrowdocuments

• Documentsrecorded• Loanclosed/moneywiredtoescrow

Heather Endresen, Senior Loan Officer

CONGRATULATIONS!TotalDuration:Typically6-10Weeks

heather.endresen@liveoakbank.com714.404.3648

lisa.forrest@liveoakbank.com425.999.2042 ©2017LiveOakBankingCompany.AllRightsReserved.MemberFDIC.

Lisa Forrest, Senior Loan OfficerContact Our M&A Lending Team