Live Oak Bank’s quarterly research highlights the impact of ownership transitions on small businesses.
58% of small businesses do not have a succession plan.
21% more small business owners have reported they will use a sell-side or exit advisor for their business transitions compared to 2024.
44% of small businesses plan to transition ownership within five years.
Each quarter, Live Oak will be sharing real-time metrics based on a relevant and timely topic. Barlow Research, a data-driven research firm, is leading the survey efforts on behalf of Live Oak Bank.
