BANK OF AMERICA N.A.: SBA Lending Profile
BANK OF AMERICA N.A. is a bank that funds the first-mortgage portion of SBA 504 projects, headquartered in CHARLOTTE, NC. It is active in 18 states, concentrated around CA, FL, NC. Everything below comes from federal SBA loan records, not from the lender's marketing. This is what it has actually funded.
Loan sizes BANK OF AMERICA N.A. actually approves
The median SBA approval at BANK OF AMERICA N.A. is $964,000. The middle 80% of its loans fall between $443,000 and $3,069,500. The smallest approval on record since 2020 is $242,500 and the largest is $7,742,000. If the amount you need sits far outside that range, this is probably not the right first call, no matter what the website says.
Programs
| Program | Loans FY25-26 | Median size | Median rate | Median term |
|---|---|---|---|---|
| 504 first mortgage (third party) | 78 | $964K | n/a | 25 years |
| 504 first mortgage (third party) | 8 | $891K | n/a | 25 years |
Industries it funds most
| Industry | Loans since 2020 | Share |
|---|---|---|
| Offices of Lawyers | 6 | 5.5% |
| All Other Specialty Trade Contractors | 5 | 4.6% |
| All Other Professional, Scientific, and Technical Services | 5 | 4.6% |
| Child Day Care Services | 4 | 3.7% |
| Other Miscellaneous Nondurable Goods Merchant Wholesalers | 4 | 3.7% |
| Plumbing, Heating, and Air-Conditioning Contractors | 3 | 2.8% |
| General Automotive Repair | 3 | 2.8% |
| Full-Service Restaurants | 3 | 2.8% |
| Electrical Contractors and Other Wiring Installation Contractors | 3 | 2.8% |
| Landscaping Services | 2 | 1.8% |
| Advertising Agencies | 2 | 1.8% |
| Poured Concrete Foundation and Structure Contractors | 2 | 1.8% |
Borrower profile
- only 0.9% of its recent SBA loans went to startups, this lender works almost entirely with established businesses.
- Collateral was taken on 100% of its recent SBA loans.
Smarter Business Funding
Find out what your business could qualify for
Answer six quick questions and get your business funding profile. We match it against real SBA lending records and follow up personally. No credit check, about 60 seconds.
Start your funding profile →Owner Experiences
Worked with BANK OF AMERICA N.A.? Tell other owners.
Real experiences from business owners help others pick the right lender. Reviews are screened before publishing. We never pay for reviews, and lenders cannot pay to change or remove them.
Sources and limits. Figures are derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records (data as of 2026-06-30, retrieved 2026-08-08) and FDIC public institution data. They describe past lending activity only. They are not rate quotes, not current offers, and not an indication that any business will qualify. Lender programs and criteria change. Big Brain Funding is not affiliated with or endorsed by BANK OF AMERICA N.A..