Discover Internship Opportunities at Live Oak Bank
Live Oak Bank is a digital bank committed to serving small business owners across the country and is known as America’s Small Business Bank. The bank’s mission is fueled by a groundbreaking approach to service and technology. Live Oak Bank offers products that help customers buy, build, and expand their businesses, alongside high-yield savings and CD products to help them grow their hard-earned money.
At Live Oak, employees are considered the heart of the company, with a strong belief in their well-being. The bank seeks individuals who embody and embrace what it takes to empower the American dream, intertwining its commitment to customers and culture.
Internship Program Overview
Live Oak Bank connects with students, recent graduates, and emerging professionals through its paid, 10-week Summer Internship Program. This hands-on experience is designed to build skills, confidence, and connections, providing momentum for launching careers. Interns at Live Oak Bank don't just observe; they contribute, innovate, and grow across a wide spectrum of departments.
Internship opportunities are posted on the Careers page in September, with selected candidates invited to interview in October. Final offers are typically extended by late November, with the aim to follow up within a few days of the final interview. The application process takes about five to ten minutes to complete. While a cover letter is not required, applicants are welcome to include one. All applications submitted to Live Oak Bank are reviewed by members of the recruiting team.
The Application and Interview Process
Live Oak Bank strives to make the candidate experience as clear and smooth as possible. The hiring process begins with a 30-minute introductory phone call, during which a Live Oak recruiter will discuss the applicant's background, interest in the role, and provide a high-level overview of the organization. Following the initial call, applicants connect with the hiring manager or a member of the team. In the final interview stage, applicants have the opportunity to meet with various team members across different areas of the business.
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Leveraging AI in Preparation
Live Oak Bank believes in the powerful intersection of technology and banking and encourages teams and candidates to embrace tools like AI to enhance efficiency, creativity, and preparation. AI can be a great resource to help prepare, research, and refine ideas. While AI can generate impressive content, the bank wants to ensure that what applicants share reflects their authentic experience and abilities. It is important to note that Live Oak Bank does not use AI or AI-driven platforms to screen resumes or make hiring decisions; the hiring process is rooted in a human-first approach, led by real people genuinely interested in getting to know the candidates.
Specific Internship Roles and Responsibilities
Live Oak Bank offers a variety of internship roles across different departments. Here are some examples:
FitPark Intern
This role is structured for interns who can support onsite at the Live Oak Bank headquarters in Wilmington, NC, during the school year and continue through the summer.
Impact on Live Oak: Interns at the FitPark gain valuable learning opportunities throughout their time, getting exposure to all services and offerings. They are tasked with many varied work duties and responsibilities.
Responsibilities:
- Provide a warm welcome to all users of the FitPark.
- Check in all users when they arrive at the facility.
- Help manage facility inventory and cleaning supplies by informing leadership when items are running low.
- Help wipe down equipment throughout the facility and keep the facility tidy and clean.
- Drive engagement in upcoming health and wellness events by promoting them.
- Be a knowledge contributor to employees regarding health and wellness best practices.
- Provide feedback to the Director of corporate health on programs, opportunities to improve, areas of concern, etc.
- Help with planning and implementation of large events such as field day and the Chairman’s challenge.
- Provide excellent member service by exceeding member expectations; greet and acknowledge all members to encourage wellness participation.
- Monitor the wellness center as fitness members use the equipment to ensure their general safety and equipment function; enforce all member codes of conduct, rules, and policies including, but not limited to, age restrictions, dress codes, language, and proper use of equipment and facilities.
- Complete daily cleaning tasks as assigned and record their completion.
- Assist Group Fitness Management with administrative tasks that include keeping accurate records of scheduled, rescheduled, and canceled appointments.
- Accurately use scheduling software to enter staff member availability, member appointments, and all other data necessary.
How to Succeed:
- Have passion and enthusiasm for wellness and an intense desire to help people reach their goals.
- Consistently demonstrate the courage to do what’s right for the business and those who you work with.
- Provide Radical candor and be willing to have difficult conversations.
- Always show respect to others, including respect for privacy and confidential information, personal boundaries and comfort zones, and all rules and regulations.
- Energize a group to accomplish the company’s objectives even under stressful or ambiguous situations.
- Own your actions and strive to influence events and to achieve goals.
Loan Operations Intern
This role is structured for interns who can support onsite at the Live Oak Bank headquarters in Wilmington, NC, during the school year and continue through the summer.
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Impact on Live Oak: Interns joining the Loan Operations team gain hands-on experience that supports the accuracy and integrity of new loan onboarding across the bank. This team plays a critical role in ensuring loan data is entered, validated, and maintained correctly within the core system, supporting both operational efficiency and a high-quality customer experience.
Responsibilities:
- Review executed loan documents to extract key data fields needed for loan setup.
- Perform a preliminary consistency review and escalate any discrepancies to the Loan Operations team.
- Enter loan data into the core system accurately while following established procedures.
- Validate data accuracy by comparing system entries with source documents and notifying a team member if anything appears inconsistent.
- Assist with quality assurance checks using predefined tools and checklists to verify that system-generated payment schedules, rates, and loan terms match documented information.
- Support bankwide modernization initiatives by participating in guided workflow testing and providing user experience feedback on new or enhanced processes.
- Participate in training sessions to learn systems, workflows, and standards required for successful loan onboarding.
- Attend department meetings and engage with cross-functional teams to understand how Loan Operations supports the broader lending lifecycle.
How to Succeed:
- Learn Live Oak’s documentation standards, loan setup workflows, and controls designed to ensure data quality.
- Apply strong attention to detail, organization, and time management skills to support accurate and timely work.
- Receive ongoing coaching and feedback throughout the internship.
- Collaborate with peers and team members to support department priorities and process improvement efforts.
Portfolio Management Group Intern
The Portfolio Management Group is seeking an intern for the 10-week onsite Summer 2026 Internship Program at Live Oak Bank in Wilmington, NC. The application deadline is 11:59 pm on September 28th.
Impact on Live Oak: Interns that join the Portfolio Management Group will have the opportunity to understand and support our Portfolio Analysts in the numerous tasks they work on each quarter. The 10-week program will allow interns to work through financial analysis, shadow tasks and customer interactions, learn the lead to loan process and gain an understanding of Live Oak’s risk through Lending and Servicing functions. The Portfolio Analyst role is vital to the health and overall performance of the existing Live Oak Bank loan portfolio.
Responsibilities:
- Analyze financial statements from several different industries as part of our quarterly analysis and assist with annual risk grade assessments for relationships with larger exposure.
- Complete a capstone project and presentation outlining the lead-to-loan process using what you learn over the course of the summer.
- Shadow the day-to-day functions of the role, such as collateral, payment, and loan structure questions, managed and completed by a variety of Portfolio Analysts.
- Work with other departments throughout the bank handling customer requests to understand how each role plays a key function.
Values and Culture
Live Oak Bank is dedicated to creating a workplace where well-being comes first. The bank offers fully paid health coverage and a world-class campus designed to enrich the lives of its employees. The bank nurtures early talent by providing a supportive community to kickstart careers.
Live Oak Bank’s values include:
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- Dedication: Possessing a deep commitment to Live Oak Bank’s mission and core values, exemplified through a strong work ethic, adaptability, and pride in your work.
- Ownership: Taking initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.
- Respect: Treating everyone with courtesy, politeness, and kindness.
- Innovation: Embracing fresh ideas and fearlessly contributing new solutions to emerging or existing problems.
Compensation and Benefits
The base pay range for internship positions is \$19.77 - \$32.12 per hour. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate’s salary is determined by several factors including travel, relevant work experience or skills and expertise.
Live Oak Bank also provides at least the minimum requirement of paid sick leave to employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.
Equal Opportunity Employer
Live Oak Bank considers applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status, or disability. Equal access to programs, service, and employment is available to all persons.
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