Lenders › Truist Bank
7(a) lenderCharlotte, North CarolinaFDIC-insured bank64th of 2,184 by approvals
Truist Bank
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.
Truist Bank (Charlotte, North Carolina) is an FDIC-insured bank in the SBA 7(a) program, 64th of 2,184 by approvals in FY2021 to FY2025: 582 loans worth $719M.
In FY2025, the latest complete fiscal year, it had 84 approvals totalling $125M, up 35% on FY2024 (62). FY2026 to 30 Jun 2026 adds 40 more.
The median approval was $771K, against $190K for the 7(a) program as a whole; 6.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 18 states and territories and 209 counties, led by Florida (30.4%), North Carolina (13.7%) and Virginia (11.2%). The largest industry group was retail trade at 14.9% of approvals, and 10.7% of approvals were to franchise businesses.
Of 7,390 disbursed loans approved in FY2010 to FY2021, SBA records 333 as charged off (4.5%), 6,287 as paid in full and 770 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* | 40 | $63.7M | $866K | $1.6M | 1,057 |
| FY2025 | 84 | $125M | $922K | $1.5M | 1,829 |
| FY2024 | 62 | $87.8M | $1.0M | $1.4M | 2,040 |
| FY2023 | 108 | $148M | $717K | $1.4M | 2,154 |
| FY2022 | 133 | $148M | $649K | $1.1M | 2,616 |
| FY2021 | 195 | $210M | $637K | $1.1M | 3,135 |
| FY2020 | 252 | $176M | $345K | $697K | 4,196 |
| FY2019 | 527 | $267M | $246K | $507K | 7,804 |
| FY2018 | 484 | $237M | $234K | $490K | 6,264 |
| FY2017 | 598 | $340M | $275K | $568K | 9,102 |
| FY2016 | 628 | $324M | $275K | $515K | 9,268 |
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 2,489 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 | Florida | 7(a) program |
|---|---|---|---|
| Approvals in these years | 8,474 | 31,863 | 639,905 |
| Cancelled or never disbursed | 1,084 | 3,596 | 79,313 |
| Disbursed loans | 7,390 | 28,267 | 560,592 |
| Paid in full | 6,287 | 20,064 | 435,813 |
| Charged off | 333 | 2,783 | 36,891 |
| Still outstanding (status exempt from disclosure) | 770 | 5,420 | 87,888 |
| Charged off, share of disbursed loans | 4.5% | 9.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.6% | 3.1% | 2.5% |
| Dollars charged off | $82.2M | $442M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 183 | 67 | 2 | 1.1% | 2.8% |
| FY2020 | 235 | 122 | 1 | 0.4% | 4.0% |
| FY2019 | 490 | 344 | 17 | 3.5% | 6.7% |
| FY2018 | 451 | 352 | 18 | 4.0% | 7.9% |
| FY2017 | 558 | 427 | 22 | 3.9% | 7.7% |
| FY2016 | 589 | 486 | 25 | 4.2% | 7.2% |
| FY2015 | 799 | 702 | 51 | 6.4% | 6.9% |
| FY2014 | 650 | 584 | 30 | 4.6% | 6.4% |
| FY2013 | 649 | 596 | 24 | 3.7% | 6.0% |
| FY2012 | 639 | 594 | 29 | 4.5% | 6.3% |
| FY2011 | 1,124 | 1,058 | 51 | 4.5% | 6.9% |
| FY2010 | 1,023 | 955 | 63 | 6.2% | 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 | $771K | $190K |
| Average approval | $1.2M | $518K |
| Approvals of $150,000 or less | 6.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 27.8% | 34.3% |
| Approvals to franchise businesses | 10.7% | 11.5% |
| Jobs supported per approval, as reported | 20.2 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.5% | 6.6% |
States served
| # | State of the business (18 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 177 | $214M | 30.4% | |
| 2 | North Carolina | 80 | $79.5M | 13.7% | |
| 3 | Virginia | 65 | $75.4M | 11.2% | |
| 4 | Georgia | 64 | $61.4M | 11.0% | |
| 5 | Texas | 45 | $58.2M | 7.7% | |
| 6 | Maryland | 43 | $60.2M | 7.4% | |
| 7 | Pennsylvania | 34 | $55.4M | 5.8% | |
| 8 | South Carolina | 22 | $15.7M | 3.8% | |
| 9 | Tennessee | 13 | $8.7M | 2.2% | |
| 10 | Alabama | 9 | $23.4M | 1.5% | |
| 11 | New Jersey | 9 | $21.3M | 1.5% | |
| 12 | New York | 7 | $15.2M | 1.2% |
In Florida the lender accounts for 0.8% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (209 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Palm Beach County, FL | 26 | $58.7M | 4.5% | |
| 2 | Broward County, FL | 25 | $28.9M | 4.3% | |
| 3 | Fulton County, GA | 13 | $14.1M | 2.2% | |
| 4 | Pinellas County, FL | 13 | $12.5M | 2.2% | |
| 5 | Volusia County, FL | 12 | $18.6M | 2.1% | |
| 6 | Hillsborough County, FL | 12 | $14.1M | 2.1% | |
| 7 | Gwinnett County, GA | 12 | $11.3M | 2.1% | |
| 8 | Miami-Dade County, FL | 11 | $13.8M | 1.9% | |
| 9 | Dallas County, TX | 11 | $12.9M | 1.9% | |
| 10 | Orange County, FL | 10 | $7.5M | 1.7% | |
| 11 | Duval County, FL | 9 | $9.3M | 1.5% | |
| 12 | Mecklenburg County, NC | 8 | $9.2M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 87 | 14.9% | |
| 2 | Accommodation and Food Services | 68 | 11.7% | |
| 3 | Professional, Scientific, and Technical Services | 67 | 11.5% | |
| 4 | Health Care and Social Assistance | 62 | 10.7% | |
| 5 | Construction | 60 | 10.3% | |
| 6 | Manufacturing | 50 | 8.6% | |
| 7 | Other Services (except Public Administration) | 40 | 6.9% | |
| 8 | Wholesale Trade | 39 | 6.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 66 | 11.3% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 24 | 4.1% | |
| 3 | Computer Systems Design and Related ServicesNAICS 5415 | 23 | 4.0% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 20 | 3.4% | |
| 5 | Offices of PhysiciansNAICS 6211 | 17 | 2.9% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 17 | 2.9% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 14 | 2.4% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 14 | 2.4% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 12 | 2.1% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 11 | 1.9% |
Approval sizes
- $50,000 or less0.5%3
- $50,001 to $150,0006.4%37
- $150,001 to $350,00017.5%102
- $350,001 to $1 million36.6%213
- $1 million to $2 million18.6%108
- Over $2 million20.4%119
Loan terms
- 5 years or less2.1%12
- Over 5 to 10 years63.1%367
- Over 10 to 20 years8.8%51
- Over 20 years26.1%152
Age of the businesses
- Existing, more than 2 years old67.7%394
- New business, 2 years or less19.9%116
- Startup, loan funds will open the business7.9%46
- Change of ownership4.5%26
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 519 | 89.2% | |
| 2 | SBA Express Program | 50 | 8.6% | |
| 3 | Preferred Lenders with EWCP | 8 | 1.4% | |
| 4 | 7a General | 5 | 0.9% |
Franchise share
62 of 582 approvals in FY2021–FY2025 (10.7%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The UPS Store | 9 | 1.5% | |
| 2 | Marco's Pizza | 3 | 0.5% | |
| 3 | Back Yard Burgers | 2 | 0.3% | |
| 4 | Restore Hyper Wellness | 2 | 0.3% | |
| 5 | Nothing Bundt Cakes | 2 | 0.3% | |
| 6 | Window World | 2 | 0.3% | |
| 7 | Jersey Mike’s Subs | 2 | 0.3% | |
| 8 | HTeaO | 1 | 0.2% |
Questions and answers
How many SBA loans does Truist Bank make?
SBA approved 84 7(a) loans through Truist Bank in FY2025, worth $125M, and 582 over FY2021 to FY2025. That ranks 64th of 2,184 active 7(a) lenders by number of approvals.
How large are Truist Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $771K and the average $1.2M. The program-wide median was $190K.
What is Truist Bank's charge-off rate?
Of 7,390 disbursed loans approved in FY2010 to FY2021, SBA records 333 as charged off (4.5%), 6,287 as paid in full and 770 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 Truist Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (66); building equipment contractors (24); computer systems design and related services (23); automotive repair and maintenance (20).
Where does Truist Bank make SBA loans?
In 18 states and territories. Florida 177, North Carolina 80, Virginia 65, Georgia 64, Texas 45. In Florida it accounts for 0.8% of all 7(a) approvals.
Is Truist Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 254, against 580 in the three before: falling (-56%).
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