Bank of America, National Association
Headquartered in Charlotte, NC. Analysis based on 4,266 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $2.07B.
Risk ranking: Among 65 lenders with 500+ mature SBA 7(a) loans (FY2020–FY2023),
Bank of America, National Association ranks #8 by charge-off rate (0.29%).
Total 7(a) loans
4,266
Total approved
$2.07B
Average loan
$484K
States funded in
45
Charge-off rate
0.29%
FY2020–FY2023 cohort
Paid-in-full rate
19.94%
Average rate
7.15%
Average term
164 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 621210 | Offices of Dentists | 203 |
| 722511 | Full-Service Restaurants | 145 |
| 541110 | Offices of Lawyers | 105 |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 105 |
| 541511 | Custom Computer Programming Services | 101 |
| 624410 | Child Day Care Services | 92 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 85 |
| 524210 | Insurance Agencies and Brokerages | 79 |
| 561431 | Private Mail Centers | 76 |
| 541512 | Computer Systems Design Services | 71 |
Top 10 states
| State | Loans |
|---|---|
| CA | 1,015 |
| FL | 877 |
| TX | 377 |
| NY | 203 |
| GA | 161 |
| WA | 155 |
| IL | 152 |
| MA | 140 |
| NC | 136 |
| NJ | 128 |
Top franchise brands financed
186 franchise loans across 77 distinct brands.
| Franchise | Loans |
|---|---|
| The UPS Store (f/k/a Mail Box | 47 |
| Christian Brothers Automotive | 16 |
| The Learning Experience | 8 |
| The Goddard School | 5 |
| Kiddie Academy | 5 |
| Budget Blinds | 5 |
| Pet Supplies Plus | 5 |
| Merry Maids | 5 |
| Orange Theory Fitness | 4 |
| CertaPro Painters | 4 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.