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Bank of America, National Association
Charlotte, NC · Top National Lender · National rank #16
Bank of America approved 908 SBA 7(a) loans in FY2025, ranking #16 nationally among SBA lenders. Its lending was most concentrated in California, Florida, and Texas, with an average loan size of $574,809.
Bank of America, National Association is an SBA 7(a) lender headquartered in Charlotte, NC. According to FY2025 SBA 7(a) lender activity data, the bank approved 908 SBA 7(a) loans totaling $521,926,500 in approved dollars, with SBA guaranty dollars amounting to $353,753,850. The average loan size across these approved loans was $574,809.
This volume places Bank of America at #16 in national SBA 7(a) lender rankings by activity for FY2025. The bank's SBA lending activity spans a broad footprint, with loans recorded in 38 states, including CA, FL, TX, NC, NY, NJ, WA, MA, GA, IL, AZ, VA, NV, MI, PA, TN, CT, MO, MD, SC, CO, OR, MN, OK, NH, OH, AR, RI, LA, ID, NM, DE, IN, KY, UT, KS, AL, WI, and IA.
Its most active states by loan count in FY2025 were California (208 loans), Florida (171 loans), and Texas (84 loans), indicating a concentration of lending activity in these markets relative to others in its multistate footprint. The breadth of states served suggests this lender operates on a national rather than strictly regional basis.
All figures presented here are drawn directly from FY2025 SBA 7(a) lender activity data and reflect approved loan counts, dollar volume, guaranty amounts, and average loan size as reported for this lender. No interest rate, fee, or approval-likelihood information is included, as this data was not part of the reported activity figures.
Where Bank of America, National Association lends
| State | Loans | Dollars |
|---|---|---|
| California | 208 | $104,755,900 |
| Florida | 171 | $91,015,500 |
| Texas | 84 | $54,452,200 |
| New Jersey | 35 | $27,518,400 |
| North Carolina | 43 | $25,981,100 |
| New York | 37 | $25,230,500 |
| Pennsylvania | 14 | $18,686,100 |
| Washington | 35 | $16,515,300 |
| Georgia | 27 | $14,789,600 |
| Tennessee | 13 | $14,672,900 |
| Massachusetts | 28 | $11,436,400 |
| Nevada | 16 | $10,830,600 |
| Michigan | 15 | $9,742,000 |
| Illinois | 25 | $9,218,100 |
| Virginia | 18 | $8,521,500 |
Questions people ask
Is Bank of America an SBA lender?
Yes, Bank of America, National Association is an SBA 7(a) lender based on FY2025 SBA activity data.
How many SBA 7(a) loans did Bank of America approve in FY2025?
Bank of America approved 908 SBA 7(a) loans in FY2025.
What was Bank of America's total SBA 7(a) loan volume in FY2025?
The total approved dollar volume was $521,926,500.
What is Bank of America's average SBA loan size?
The average loan size was $574,809 based on FY2025 approved loans.
What was the SBA guaranty dollar amount for Bank of America's loans?
SBA guaranty dollars totaled $353,753,850 for FY2025.
Where is Bank of America most active for SBA lending?
Its top states by loan count were California (208 loans), Florida (171 loans), and Texas (84 loans).
Is Bank of America a national or regional SBA lender?
It operates as a national SBA lender, with loans recorded across 38 states in FY2025.
How does Bank of America rank nationally in SBA 7(a) lending?
Bank of America ranked #16 nationally by SBA 7(a) loan activity in FY2025.
Where is Bank of America headquartered?
The bank is headquartered in Charlotte, NC.
How many states did Bank of America serve with SBA 7(a) loans in FY2025?
It served 38 states in FY2025.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with Bank of America, National Association; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.