Bank of America, National Association
Charlotte, NC 28255
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Offices of Dentists
- Full-Service Restaurants
- Offices of Lawyers
- Offices of Physicians (except Mental Health Specialists)
- Custom Computer Programming Services
Quick Summary
Bank of America, National Association is an SBA-approved lender headquartered in Charlotte, North Carolina. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 4,266 SBA 7(a) loans totaling $2.1B, with an average loan size of $484K. They serve businesses across 45 states.
About Bank of America, National Association
Bank of America, National Association is an SBA-approved lender headquartered in Charlotte, North Carolina. Since 2020, they have approved 4,266 SBA 7(a) loans totaling $2.1B, with an average loan size of $484K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 45 states.
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Frequently Asked Questions
Is Bank of America, National Association an SBA Preferred Lender?
Yes, Bank of America, National Association is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Bank of America, National Association approved?
According to SBA FOIA public records, Bank of America, National Association has approved 4,266 SBA 7(a) loans totaling $2.1B since 2020. Their average loan size is $484K.
What states does Bank of America, National Association serve?
Bank of America, National Association serves businesses in 45 states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Washington D.C., Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, Wyoming.
How do I apply for an SBA loan with Bank of America, National Association?
To apply for an SBA 7(a) loan with Bank of America, National Association, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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