Financing comparison
Live Oak Bank vs SmartBiz Loans
How Live Oak Bank and SmartBiz Loans compare for wellness franchise operators — side-by-side specs and our verdict on which fits which concept.
Side-by-side
| Live Oak Bank | SmartBiz Loans | |
|---|---|---|
| Funding type | SBA 7(a) | SBA 7(a) |
| Direct lender | Yes | No |
| Typical terms | 10-25 yr, delegated SBA authority | 10-25 yr, digital pre-qualification |
| Best for | Buyers of SBA Franchise Registry brands wanting a faster approval timeline | Buyers wanting a faster, more digital SBA application experience |
| Differentiator | Delegated SBA authority allows approval without waiting on SBA review | Streamlined online SBA application routed to partner-bank underwriting |
Our verdict
Live Oak Bank is a top-volume SBA 7(a) lender that funds directly and underwrites larger, more complex franchise deals with real industry expertise. SmartBiz is a technology platform that streamlines SBA applications and matches borrowers to partner lenders, which speeds smaller, more standard loans. For a larger or nuanced financing need, Live Oak's direct-lender depth is an advantage; for a fast, lower-friction application on a straightforward loan, SmartBiz's marketplace approach can be quicker.
Full profile
Live Oak Bank
SBA lending with a dedicated franchise lending practice.
Full profile
SmartBiz Loans
Online SBA loan platform streamlining application and underwriting.
See more options in our roundup of the best financing for wellness franchises.