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.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| California | 917 | $425.8M | $300,000 | #15 |
| Florida | 841 | $371.8M | $300,000 | #11 |
| Texas | 362 | $213.1M | $396,900 | #15 |
| New York | 183 | $93.1M | $350,000 | #19 |
| Georgia | 144 | $72.1M | $305,000 | #16 |
| Massachusetts | 143 | $56.8M | $261,000 | #17 |
| North Carolina | 139 | $66.9M | $342,000 | #14 |
| Washington | 138 | $71.9M | $257,900 | #19 |
| Illinois | 130 | $53.4M | $292,500 | #16 |
| New Jersey | 117 | $70.5M | $423,000 | #18 |
| Virginia | 98 | $39.5M | $350,000 | #13 |
| Arizona | 85 | $33.6M | $255,000 | #22 |
| Maryland | 72 | $27.7M | $318,700 | #15 |
| Nevada | 68 | $37.6M | $400,000 | #14 |
| Michigan | 61 | $27.6M | $306,100 | #25 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Professional and technical services | 711 | $300,000 | |
| Health care and social assistance | 569 | $487,100 | |
| Construction | 467 | $300,000 | |
| Wholesale trade | 355 | $300,000 | |
| Retail | 347 | $350,000 | |
| Administrative and support services | 313 | $325,000 | |
| Manufacturing | 238 | $326,200 | |
| Restaurants and hotels | 232 | $300,000 | |
| Other services (repair, personal care) | 213 | $270,000 | |
| Transportation and warehousing | 195 | $200,000 |