Bank of America, National Association SBA Loans – Rates, States & Industries

Bank of America, National Association SBA 7(a) loan profile. $452.7M funded, 753 loans at 7.60% avg rate. See top states, industries & how to apply.

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Bank of America, National Association

National Rank by SBA 7(a) Loan Volume (2025)

$452.7M
Total Volume

753
Loans Funded

$601K
Avg Loan Size

7.60%
Avg Interest Rate

About Bank of America,

In 2025, Bank of America, National Association funded $452.7M in SBA 7(a) loans across 753 businesses nationwide, making them the #14 SBA lender in the United States by loan volume.

๐Ÿ’ก Key Insight: Bank of America,’s average loan size is $601K at an average rate of 7.60%. Working with an SBA loan broker can help you access this lender and potentially negotiate better terms.

Loan Types Funded by Bank of America,

Here’s how Bank of America, distributes their SBA loans across different business types:

๐Ÿš€ Startups
27%
$134.5M โ€ข 202 loans

๐Ÿข Existing Businesses
69%
$283.7M โ€ข 518 loans

๐Ÿ”„ Acquisitions
4%
$34.5M โ€ข 33 loans

Top States for Bank of America, (2025)

Here are the states where Bank of America, has the highest SBA lending activity:

RankStateVolumeLoansAvg Size
1 Florida$85.6M144$594K
2 California$82.5M157$526K
3 Texas$38.5M64$601K
4 New York$25.7M37$694K
5 New Jersey$23.4M28$836K
6 North Carolina$23.4M37$632K
7 Pennsylvania$16.2M12$1.4M
8 Massachusetts$15.8M30$527K
9 Washington$14.7M29$507K
10 Connecticut$10.1M14$721K
11 Tennessee$10.0M9$1.1M
12 Nevada$9.8M13$756K
13 Georgia$9.7M22$439K
14 Michigan$9.5M14$677K
15 Oklahoma$6.4M6$1.1M

Top Industries Funded by Bank of America,

Bank of America, funds SBA loans across many industries. Here are the sectors where they’re most active:

RankIndustryVolumeLoans
1 Offices of Dentists$31.4M47
2 Private Mail Centers$24.3M46
3 Child Day Care Services$21.4M25
4 Full-Service Restaurants$17.3M34
5 Offices of Physicians (except Mental Health Specialists)$13.1M23
6 Computer Systems Design Services$11.7M12
7 Insurance Agencies and Brokerages$9.0M16
8 Custom Computer Programming Services$8.6M19
9 Offices of Certified Public Accountants$7.7M8
10 Offices of Lawyers$6.8M14
11 Residential Remodelers$6.5M6
12 Veterinary Services$6.2M9
13 Plumbing, Heating, and Air-Conditioning Contractors$6.0M10
14 Marketing Consulting Services$5.8M8
15 Employment Placement Agencies$5.3M6

Top Cities for Bank of America,

Miami, Fl

$13.6M
Volume

21
Loans

Los Angeles, Ca

$6.5M
Volume

11
Loans

Santa Rosa, Ca

$5.6M
Volume

2
Loans

Houston, Tx

$5.2M
Volume

8
Loans

Ludlow, Ma

$5.0M
Volume

1
Loans

Durham, Nc

$5.0M
Volume

1
Loans

Brooklyn, Ny

$4.9M
Volume

4
Loans

San Diego, Ca

$4.9M
Volume

13
Loans

Las Vegas, Nv

$4.9M
Volume

7
Loans

Sarasota, Fl

$4.8M
Volume

4
Loans

๐Ÿค How to Get a Loan from Bank of America,

Many top SBA lenders, including Bank of America,, work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works directly with Bank of America, and can help you access their loan programs. Our service is completely free to borrowers.

๐Ÿ“ž Get Matched with Bank of America,

Ready to apply for an SBA loan through Bank of America,? Our team can help you get matched with the right lender and program for your business.

Looking for other SBA lenders? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

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