Lenders › Bank of America, National Association
7(a) lenderCharlotte, North CarolinaFDIC-insured bank16th of 2,184 by approvals
Bank of America, National Association
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Bank of America, National Association (Charlotte, North Carolina) is an FDIC-insured bank in the SBA 7(a) program, 16th of 2,184 by approvals in FY2021 to FY2025: 3,953 loans worth $1.91bn.
In FY2025, the latest complete fiscal year, it had 908 approvals totalling $522M, down 24% on FY2024 (1,190). FY2026 to 30 Jun 2026 adds 311 more.
The median approval was $300K, against $190K for the 7(a) program as a whole; 21.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 43 states and territories and 465 counties, led by California (23.4%), Florida (21.0%) and Texas (9.0%). The largest industry group was professional, scientific, and technical services at 18.3% of approvals, and 3.8% of approvals were to franchise businesses.
Of 2,551 disbursed loans approved in FY2010 to FY2021, SBA records 66 as charged off (2.6%), 1,893 as paid in full and 592 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 311 | $201M | $425K | $647K | 4,790 |
| FY2025 | 908 | $522M | $391K | $575K | 10,471 |
| FY2024 | 1,190 | $610M | $350K | $512K | 15,230 |
| FY2023 | 1,046 | $420M | $284K | $401K | 11,862 |
| FY2022 | 506 | $201M | $225K | $397K | 4,450 |
| FY2021 | 303 | $157M | $277K | $518K | 1,992 |
| FY2020 | 226 | $100M | $250K | $443K | 1,642 |
| FY2019 | 322 | $179M | $361K | $556K | 2,454 |
| FY2018 | 247 | $184M | $483K | $743K | 2,200 |
| FY2017 | 223 | $147M | $365K | $660K | 1,548 |
| FY2016 | 173 | $99.8M | $190K | $577K | 1,499 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 1,191 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 2,857 | 79,249 | 639,905 |
| Cancelled or never disbursed | 306 | 10,102 | 79,313 |
| Disbursed loans | 2,551 | 69,147 | 560,592 |
| Paid in full | 1,893 | 52,688 | 435,813 |
| Charged off | 66 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 592 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 2.6% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.9% | 1.5% | 2.5% |
| Dollars charged off | $9.9M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 267 | 61 | 0 | 0.0% | 2.8% |
| FY2020 | 191 | 104 | 1 | 0.5% | 4.0% |
| FY2019 | 291 | 158 | 5 | 1.7% | 6.7% |
| FY2018 | 226 | 131 | 4 | 1.8% | 7.9% |
| FY2017 | 206 | 134 | 7 | 3.4% | 7.7% |
| FY2016 | 156 | 138 | 3 | 1.9% | 7.2% |
| FY2015 | 240 | 230 | 10 | 4.2% | 6.9% |
| FY2014 | 186 | 181 | 4 | 2.2% | 6.4% |
| FY2013 | 227 | 214 | 13 | 5.7% | 6.0% |
| FY2012 | 222 | 217 | 5 | 2.3% | 6.3% |
| FY2011 | 186 | 182 | 4 | 2.2% | 6.9% |
| FY2010 | 153 | 143 | 10 | 6.5% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $300K | $190K |
| Average approval | $483K | $518K |
| Approvals of $150,000 or less | 21.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 16.4% | 34.3% |
| Approvals to franchise businesses | 3.8% | 11.5% |
| Jobs supported per approval, as reported | 11.1 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.6% | 6.6% |
States served
| # | State of the business (43 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 926 | $439M | 23.4% | |
| 2 | Florida | 829 | $354M | 21.0% | |
| 3 | Texas | 355 | $206M | 9.0% | |
| 4 | New York | 187 | $95.4M | 4.7% | |
| 5 | Georgia | 153 | $77.5M | 3.9% | |
| 6 | Illinois | 139 | $52.9M | 3.5% | |
| 7 | Washington | 138 | $61.4M | 3.5% | |
| 8 | Massachusetts | 131 | $45.4M | 3.3% | |
| 9 | North Carolina | 126 | $62.8M | 3.2% | |
| 10 | New Jersey | 118 | $71.7M | 3.0% | |
| 11 | Virginia | 100 | $40.9M | 2.5% | |
| 12 | Arizona | 88 | $36.2M | 2.2% |
In California the lender accounts for 2.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (465 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 308 | $153M | 7.8% | |
| 2 | Miami-Dade County, FL | 268 | $97.3M | 6.8% | |
| 3 | Orange County, CA | 137 | $60.8M | 3.5% | |
| 4 | Broward County, FL | 120 | $50.4M | 3.0% | |
| 5 | San Diego County, CA | 88 | $39.6M | 2.2% | |
| 6 | Harris County, TX | 87 | $51.4M | 2.2% | |
| 7 | Cook County, IL | 84 | $35.0M | 2.1% | |
| 8 | King County, WA | 76 | $31.7M | 1.9% | |
| 9 | Maricopa County, AZ | 75 | $32.1M | 1.9% | |
| 10 | San Bernardino County, CA | 63 | $33.7M | 1.6% | |
| 11 | Palm Beach County, FL | 60 | $25.4M | 1.5% | |
| 12 | Orange County, FL | 57 | $30.2M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 722 | 18.3% | |
| 2 | Health Care and Social Assistance | 568 | 14.4% | |
| 3 | Construction | 474 | 12.0% | |
| 4 | Wholesale Trade | 354 | 9.0% | |
| 5 | Retail Trade | 337 | 8.5% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 296 | 7.5% | |
| 7 | Manufacturing | 249 | 6.3% | |
| 8 | Accommodation and Food Services | 217 | 5.5% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 205 | 5.2% | |
| 2 | Computer Systems Design and Related ServicesNAICS 5415 | 199 | 5.0% | |
| 3 | Offices of DentistsNAICS 6212 | 190 | 4.8% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 158 | 4.0% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 151 | 3.8% | |
| 6 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 124 | 3.1% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 115 | 2.9% | |
| 8 | Offices of PhysiciansNAICS 6211 | 114 | 2.9% | |
| 9 | General Freight TruckingNAICS 4841 | 104 | 2.6% | |
| 10 | Legal ServicesNAICS 5411 | 102 | 2.6% |
Approval sizes
- $50,000 or less2.1%82
- $50,001 to $150,00019.2%757
- $150,001 to $350,00035.7%1,410
- $350,001 to $1 million33.4%1,321
- $1 million to $2 million7.2%286
- Over $2 million2.5%97
Loan terms
- 5 years or less0.8%31
- Over 5 to 10 years69.1%2,733
- Over 10 to 20 years5.0%197
- Over 20 years25.1%992
Age of the businesses
- Existing, more than 2 years old82.5%3,262
- New business, 2 years or less10.5%414
- Startup, loan funds will open the business5.9%235
- Change of ownership1.1%42
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 2,559 | 64.7% | |
| 2 | Preferred Lenders Program | 1,393 | 35.2% | |
| 3 | 7a General | 1 | 0.0% |
Franchise share
149 of 3,953 approvals in FY2021–FY2025 (3.8%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The UPS Store | 41 | 1.0% | |
| 2 | Christian Brothers Automotive | 12 | 0.3% | |
| 3 | The Learning Experience | 6 | 0.2% | |
| 4 | Merry Maids | 5 | 0.1% | |
| 5 | The Goddard School | 4 | 0.1% | |
| 6 | Pet Supplies Plus | 4 | 0.1% | |
| 7 | Paul Davis Restoration | 4 | 0.1% | |
| 8 | Orange Theory Fitness | 4 | 0.1% |
Questions and answers
How many SBA loans does Bank of America, National Association make?
SBA approved 908 7(a) loans through Bank of America, National Association in FY2025, worth $522M, and 3,953 over FY2021 to FY2025. That ranks 16th of 2,184 active 7(a) lenders by number of approvals.
How large are Bank of America, National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $300K and the average $483K. The program-wide median was $190K.
What is Bank of America, National Association's charge-off rate?
Of 2,551 disbursed loans approved in FY2010 to FY2021, SBA records 66 as charged off (2.6%), 1,893 as paid in full and 592 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Bank of America, National Association lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (205); computer systems design and related services (199); offices of dentists (190); building equipment contractors (158).
Where does Bank of America, National Association make SBA loans?
In 43 states and territories. California 926, Florida 829, Texas 355, New York 187, Georgia 153. In California it accounts for 2.7% of all 7(a) approvals.
Is Bank of America, National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 3,144, against 1,035 in the three before: rising (+204%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error