Live Oak Banking Company Home Instead SBA Loans in Ohio — 3 Funded
Ohio loan data 2021–2023 · Updated June 2026
Live Oak Banking Company has funded 3 SBA loans to Home Instead franchisees in Ohio, totaling $2.6M in approved financing across 2 cities and 2 congressional districts.
The average Home Instead loan in Ohio from Live Oak Banking Company is $882K at a 7.83% average interest rate, with terms averaging 120 months. The Ohio default rate is 0% based on 1 resolved loans. Ohio represents 4.3% of Live Oak Banking Company's total Home Instead lending nationally. These loans collectively support 154 Ohio jobs. SBA-guaranteed portion totals $2.1M (71.7% of approved volume).
How Ohio Compares to Live Oak Banking Company's National Home Instead Lending
Looking to fund a Home Instead franchise in Ohio?
Live Oak Banking Company is one of 6+ lenders who have funded Home Instead in Ohio. We can help you compare options and connect with lenders experienced in this brand and state — no retainers, referral fee at closing.
Live Oak Banking Company Home Instead Loan Performance in Ohio
Based on 3 SBA loans originated by Live Oak Banking Company for Home Instead franchisees with Ohio addresses, the Ohio-specific lending relationship spans 2021–2023. Of 1 resolved Ohio loans, 1 were paid in full and 0 resulted in chargeoffs.
The Ohio loan size range extends from $50K to $1.6M, indicating Live Oak Banking Company funds both smaller single-unit Home Instead operations and larger multi-unit or renovation projects in Ohio. Each loan supports an average of 51 jobs in the local economy, and the portfolio collectively supports 154 Ohio jobs. Most Ohio Home Instead loans from Live Oak Banking Company are classified under "Services for the Elderly and Persons with Disabilities" (NAICS).
Recent activity: Live Oak Banking Company has originated 0 Home Instead Ohio loans in the last 2 fiscal years and 3 since fiscal year 2020. The most recent Home Instead Ohio approval recorded is from FY2023. Note: lack of recent activity may indicate Live Oak Banking Company has paused, slowed, or exited Home Instead Ohio lending — borrowers should verify current appetite directly.
SBA guarantee profile: The SBA-guaranteed portion of Live Oak Banking Company's Home Instead Ohio loans averages 71.7% of approved volume, totaling $2.1M in federally-backed exposure. 7(a) loans typically carry a 75-85% guarantee, so a higher percentage suggests a smaller-loan/SBA Express mix; lower suggests larger PLP deals where the lender retains more risk.
The 0% Ohio default rate is a strong indicator of loan quality. This suggestsLive Oak Banking Company has effective underwriting standards for Home Instead deals in Ohio and/or Ohio Home Instead franchisees have strong unit economics that support debt service. For prospective Ohio borrowers, this is an encouraging signal — Live Oak Banking Companyunderstands the Home Instead business model in this market and has a track record of successful outcomes here.
SBA Programs Used for Home Instead Loans in Ohio
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 3 | $882K | 7.83% | 120 mo |
Home Instead Loan Size Distribution from Live Oak Banking Company in Ohio
How Live Oak Banking Company's Home Instead Ohio loan sizes break down by deal size. Useful for sizing your own deal: where do most Ohio Home Instead approvals land?
| Loan Size Range | Loans | Avg Loan Size | % of Ohio Loans |
|---|---|---|---|
| Under $150K | 1 | $50K | 33% |
| $750K-$1.5M | 1 | $1.0M | 33% |
| Over $1.5M | 1 | $1.6M | 33% |
How Live Oak Banking Company Originates Home Instead Loans in Ohio
SBA delivery method matters: Preferred Lenders Program (PLP) closes 2-3 weeks faster than General Processing because the lender holds full credit authority. Live Oak Banking Company uses 2 different Ohio delivery methods for Home Instead:
| Delivery Method | Loans | Avg Loan Size |
|---|---|---|
| Preferred Lenders Program | 2 | $1.3M |
| SBA Express Program | 1 | $50K |
Where in Ohio Live Oak Banking Company Funds Home Instead Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Vandalia | 2 | $800K | $1.6M | N/A |
| Westerville | 1 | $1.0M | $1.0M | 0% — Low Risk |
Live Oak Banking Company's strongest Home Instead lending presence in Ohio is concentrated in Vandalia (2 loans), Westerville (1 loans).
Live Oak Banking Company Home Instead Lending in Ohio Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2023 | 2 | $800K | $1.6M | 9.13% |
| 2021 | 1 | $1.0M | $1.0M | 5.25% |
Other Lenders That Fund Home Instead in Ohio
Live Oak Banking Company is not the only lender funding Home Instead in Ohio. Compare 5 other banks who have originated Home Instead SBA loans to Ohio borrowers.
| Lender | Ohio Loans | Avg Size | Default Rate |
|---|---|---|---|
| Live Oak Banking Company (this page) | 3 | $882K | 0% — Low Risk |
| The Huntington National Bank | 6 | $248K | 0% — Low Risk |
| KeyBank National Association | 4 | $161K | 0% — Low Risk |
| First Commonwealth Bank | 3 | $137K | 0% — Low Risk |
| PNC Bank, National Association | 3 | $50K | 0% — Low Risk |
| Alloy Development Co., Inc. | 2 | $148K | 0% — Low Risk |
Other Franchises Live Oak Banking Company Funds in Ohio
Live Oak Banking Company is active in Ohio franchise lending beyond Home Instead. Other Ohio franchise brands they have funded:
Live Oak Banking Company Home Instead Lending in Other States
Live Oak Banking Company has also funded Home Instead franchisees in 8 other states. View state-specific data:
How to Get an SBA Loan for a Home Instead Franchise in Ohio
If you're considering a Home Instead franchise in Ohio and want to finance through Live Oak Banking Company or another SBA lender, here's what you need to know based on our analysis of 3 historical Ohio loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.Home Instead's franchise fee and total investment determine minimum capital requirements.
Compare Ohio Lenders
6 lenders have funded Home Instead in Ohio. Lenders with more local Home Instead experience typically close faster because they understand both the brand and the local market. Compare rates, default rates, and city coverage above.
Get Pre-Qualified
PeerSense matches Ohio borrowers with lenders who have a proven track record funding Home Instead in your state. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on Ohio historical data: The average Home Instead SBA loan from Live Oak Banking Company in Ohio is $882K with a 7.83% interest rate and a 120-month term.Ohio loan amounts range from $50K to $1.6M.
Ready to Fund Your Home Instead Franchise in Ohio?
We connect you with lenders who have already funded Home Instead in Ohio — so you can compare terms and close with confidence. No retainers. Referral fee paid at closing.