Meanwhile, more than 70 percent of businesses are also reporting negative sales impact – with half of small businesses report supply chain interruptions. And the demand for credit is rising.
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Launched in 2009, Live Oak Bank, a subsidiary of Live Oak Bancshares Inc., is one of the nation’s leading originators of small business loans. To date, it’s lent more than $9 billion to small business owners nationwide.
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Live Oak Bank has hired Huntley Garriott, a former Goldman Sachs & Co. partner, as the bank’s new president.
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