Live Oak Bancshares is expanding its accounting and tax firm expertise through the hire of senior loan officer Shannon Hay. Hay will work with Live Oak’s accounting and tax firm customers to help them start or grow their businesses through financing.

Hay has spent his career helping entrepreneurs achieve their goals of small business ownership. He joins Live Oak Bank after serving as vice president and development officer for one of the Southeast’s largest full service banks, where he led the development of the bank’s CPA SBA 7(a) lending program. Prior to that, Hay focused on specialty lending at Bank of America Practice Solutions.

“Shannon’s experience helping accounting and tax firms grow and achieve ownership is unmatched,” said Kay Anderson, general manager of Emerging Markets at Live Oak Bank. “We couldn’t be more excited to have him join the Live Oak team and help our customers achieve their goals.”

Live Oak Bancshares is the parent company and registered bank holding company of Live Oak Banking, a national online platform for small business lending.