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Bank · Charlotte, NC

Bank of America: SBA lending profile

Bank of America, National Association · SBA 7(a) loans, October 2021 to June 30, 2026 · Updated October 15, 2026 · Lender website
3,961
SBA loans approved
$2.0B
Total approved
$315,000
Median loan
45
States lent in
17%
To startups
#13
National rank by loans

Bank of America approved 3,961 SBA loans worth $2.0B between October 2021 and June 2026, ranking #13 of 2,283 SBA lenders nationally by loan count. Its median loan was $315,000, and 17% went to startups or businesses under two years old. It lent in 45 states, most often in California, and its most financed industry was professional and technical services.

SBA loans per fiscal year

06671,3332,000FY14: 205 loansFY14FY15: 269 loansFY15FY16: 173 loansFY16FY17: 223 loansFY17FY18: 247 loansFY18FY19: 322 loansFY19FY20: 226 loansFY20FY21: 303 loansFY21FY22: 506 loansFY22FY23: 1,046 loansFY23FY24: 1,190 loansFY241,190FY25: 908 loansFY25FY26 (Oct to Jun): 311 loansFY26311
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.

Where Bank of America lends

StateLoansApprovedMedian loanRank in state
California917$425.8M$300,000#15
Florida841$371.8M$300,000#11
Texas362$213.1M$396,900#15
New York183$93.1M$350,000#19
Georgia144$72.1M$305,000#16
Massachusetts143$56.8M$261,000#17
North Carolina139$66.9M$342,000#14
Washington138$71.9M$257,900#19
Illinois130$53.4M$292,500#16
New Jersey117$70.5M$423,000#18
Virginia98$39.5M$350,000#13
Arizona85$33.6M$255,000#22
Maryland72$27.7M$318,700#15
Nevada68$37.6M$400,000#14
Michigan61$27.6M$306,100#25

Industries Bank of America finances

IndustryLoansShareMedian loan
Professional and technical services711
18%
$300,000
Health care and social assistance569
14%
$487,100
Construction467
12%
$300,000
Wholesale trade355
9%
$300,000
Retail347
9%
$350,000
Administrative and support services313
8%
$325,000
Manufacturing238
6%
$326,200
Restaurants and hotels232
6%
$300,000
Other services (repair, personal care)213
5%
$270,000
Transportation and warehousing195
5%
$200,000
Loan size mix
  • Under $150,00015%
  • $150,000 to $500,00052%
  • $500,000 to $2 million31%
  • $2 million and up3%
Loan programs used
  • SBA Express66%
  • Preferred Lender (PLP)34%
  • Standard 7(a)0%
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.