Live Oak Bank Announces New Lending Segment for the Automotive Care Industry
Live Oak Bancshares, Inc. (LOB)
Last live oak bancshares, inc. earnings: 4/22 04:45 pm
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Source: GlobeNewswire
WILMINGTON, N.C., Dec. 07, 2017 (GLOBE NEWSWIRE) -- Live Oak Bank (“Live Oak”) announced today 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 shops, paint and body shops, and select auto part franchises. Live Oak Bank assembled a team of expert lenders to provide flexible lending solutions to current and prospective business owners within a variety of deal structures. The team has extensive lending experience and knows how to value automotive care business assets, including capital needed to establish a strong business. “The automotive industry is one of the largest in the U.S., yet owners of auto repair businesses may struggle to find financing options to help them grow or open their shops,” said Jason Lumpkin, general manager of
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News
- Stock Market Sell-Off: 3 Bargain Stocks Worth Buying Now [Yahoo! Finance]Yahoo! Finance
- Live Oak Bancshares, Inc. (NASDAQ: LOB) had its price target lowered by analysts at Truist Financial Co. from $47.00 to $38.00. They now have a "buy" rating on the stock.MarketBeat
- Live Oak Bancshares, Inc. (NASDAQ: LOB) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $40.00 price target on the stock, down previously from $45.00.MarketBeat
- Live Oak Bancshares First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Live Oak Bancshares (LOB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
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