Live Oak Bank, which includes a self-storage lending division, has launched an online “Knowledge Bank” to supply general finance information for industry operators. Accessible from the self-storage page of the company’s website, the resource provides insight and tools on how to finance, manage and succeed as a business owner, according to a press release. Once registered, users have free access to lending case studies, videos and a loan brochure.
“The Knowledge Bank provides owners and operators the tools to create a thriving business,” said Terry Campbell, general manager of the company’s self-storage team. “We want to provide financing to those who exhibit a keen interest in self-storage while also giving them an opportunity to advance their expertise in the industry."
Founded in 2008 and based in Wilmington, N.C., Live Oak originally focused on lending to veterinarians before expanding to other healthcare-related industries and specialty areas such as self-storage. The bank provides small-business loans for acquisitions, new construction, refinancing and other real estate loans. Since launching its self-storage division in 2015, Live Oak has issued 150 loans to storage operators, the release stated.
