SPRING 2027 Intern: Small Business Lending Support
About The Position
Live Oak Bank is a digital bank serving small business owners nationwide, focused on helping them buy, build, and expand their businesses. This onsite internship, starting in January 2027 at their Wilmington, NC headquarters, averages 10 hours per week during the spring semester with potential for extension into Summer 2027. The role supports lending teams by organizing information, reviewing documentation, and assisting with financial analysis to help move transactions forward and provide an exceptional experience for borrowers. This internship offers hands-on exposure to small business lending, credit analysis, portfolio management, and client service.
Requirements
- Currently pursuing a bachelor's degree in Business, Finance, Accounting, Economics, Banking, or a related field.
- Strong organizational skills and attention to detail.
- Excellent verbal and written communication skills.
- Ability to manage multiple priorities and meet deadlines.
- Strong analytical and problem-solving abilities.
- Comfortable working with documents, spreadsheets, and technology platforms.
- Ability to work independently while collaborating effectively as part of a team.
- Interest in banking, lending, financial services, or small business growth.
Nice To Haves
- Coursework in finance, accounting, economics, business analysis, or related fields.
- Experience using Microsoft Excel to organize, analyze, or track information.
- Familiarity with financial statements, including balance sheets, income statements, and cash flow statements.
- Previous internship, leadership, customer service, volunteer, or student organization experience.
- Interest in commercial banking, lending, credit analysis, entrepreneurship, or small business ownership.
- Curiosity, initiative, and a desire to learn in a fast-paced environment.
Responsibilities
- Build and maintain loan files in Prism, ensuring lenders, underwriters, and credit partners have complete and organized information.
- Upload, review, organize, and maintain loan documentation from ShareFile and other internal platforms.
- Perform file completeness reviews and identify outstanding financial and supporting documentation needed before underwriting.
- Create and maintain checklists of missing documents and track outstanding items.
- Assist with financial spreading, debt schedules, cash flow analysis, and sources and uses preparation.
- Conduct industry, company, and market research on prospective and existing borrowers.
- Support portfolio management, reporting, and administrative activities.
- Partner with lenders and credit teams to complete preparatory work for transactions.
- Assist with presentations, reports, special projects, and process improvement initiatives.
- Maintain a high standard of regulatory awareness, including BSA, AML, CIP, and OFAC requirements.
Benefits
- Paid sick leave (where required by state law)
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Part-time
Career Level
Intern
