Bank of America, National Association
NC
SBA-approved lender offering 6 loan programs across 148 industries.
Key Metrics
Interest Rate
7.03%
0.28% over prime
Average Loan
$575K
Per approval
Total Approvals
908
FY 2025
Loan Programs (6)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Industries Served (148)
Adhesive ManufacturingAdministrative Management and General Management Consulting ServicesAdvertising AgenciesAdvertising Material Distribution ServicesAircraft Engine and Engine Parts ManufacturingAll Other Amusement and Recreation IndustriesAll Other Miscellaneous Electrical Equipment and Component ManufacturiAll Other Miscellaneous Schools and InstructionAll Other Miscellaneous Wood Product ManufacturingAll Other Plastics Product ManufacturingAll Other Specialty Trade ContractorsAmusement ArcadesAnalytical Laboratory Instrument ManufacturingAppliance Repair and MaintenanceArchitectural ServicesAutomotive Body, Paint, and Interior Repair and MaintenanceBeauty SalonsCafeterias, Grill Buffets, and BuffetsCarpet and Upholstery Cleaning ServicesCaterersChild Day Care ServicesCommercial Gravure PrintingCommercial Screen PrintingCommercial and Industrial Machinery and Equipment (except Automotive aCommercial and Institutional Building ConstructionComputer Systems Design ServicesComputer and Computer Peripheral Equipment and Software Merchant WholeConfectionery and Nut StoresConstruction and Mining (except Oil Well) Machinery and Equipment MerchantsCosmetology and Barber SchoolsCouriersCustom Computer Programming ServicesCut Stone and Stone Product ManufacturingData Processing, Hosting, and Related ServicesDental LaboratoriesDiagnostic Imaging CentersDiet and Weight Reducing CentersDrafting ServicesDrugs and Druggists' Sundries Merchant WholesalersDrycleaning and Laundry Services (except Coin-Operated)Drywall and Insulation ContractorsElectrical ContractorsElementary and Secondary SchoolsEmployment Placement AgenciesEngineering ServicesExecutive Search ServicesExterminating and Pest Control ServicesFabricated Structural Metal ManufacturingFarm Labor Contractors and Crew LeadersFarm and Garden Machinery and Equipment Merchant WholesalersFinish Carpentry ContractorsFish and Seafood Merchant WholesalersFitness and Recreational Sports CentersFlower, Nursery Stock, and Florists' Supplies Merchant WholesalersFluid Power Valve and Hose Fitting ManufacturingFootwear Merchant WholesalersFreight Transportation ArrangementFresh Fruit and Vegetable Merchant WholesalersFull-Service RestaurantsGeneral Automotive RepairGeneral Freight Trucking, LocalGeneral Freight Trucking, Long Distance, TruckloadGeneral Rental CentersHardware Merchant WholesalersHome Furnishing Merchant WholesalersIndependent Artists, Writers, and PerformersIndustrial Machinery and Equipment Merchant WholesalersIndustrial Supplies Merchant WholesalersInstitutional Furniture ManufacturingInstruments and Related Products Manufacturing for Measuring, DisplayingInsurance Agencies and BrokeragesInterior Design ServicesJanitorial ServicesJewelry, Watch, Precious Stone, and Precious Metal Merchant WholesalerLandscaping ServicesLimited-Service RestaurantsMachine ShopsMarketing Consulting ServicesMeat and Meat Product Merchant WholesalersMedical, Dental, and Hospital Equipment and Supplies Merchant WholesalersMetal Window and Door ManufacturingMobile Food ServicesMotion Picture and Video ProductionMotor Vehicle Parts (Used) Merchant WholesalersMotor Vehicle Supplies and New Parts Merchant WholesalersNail SalonsNonupholstered Wood Household Furniture ManufacturingOffice Equipment Merchant WholesalersOffices of All Other Miscellaneous Health PractitionersOffices of Certified Public AccountantsOffices of ChiropractorsOffices of DentistsOffices of LawyersOffices of Mental Health Practitioners (except Physicians)Offices of Physical, Occupational and Speech Therapists, and AudiologiOffices of Physicians (except Mental Health Specialists)Offices of Physicians, Mental Health SpecialistsOther Accounting ServicesOther Aircraft Parts and Auxiliary Equipment ManufacturingOther Building Equipment ContractorsOther Chemical and Allied Products Merchant WholesalersOther Computer Related ServicesOther Engine Equipment ManufacturingOther Grocery and Related Products Merchant WholesalersOther Management Consulting ServicesOther Miscellaneous Durable Goods Merchant WholesalersOther Personal Care ServicesOther Professional Equipment and Supplies Merchant WholesalersOther Scientific and Technical Consulting ServicesOther Services Related to AdvertisingOther Services to Buildings and DwellingsOther Sound Recording IndustriesPackaging and Labeling ServicesPet Care (except Veterinary) ServicesPhotographic Equipment and Supplies Merchant WholesalersPlumbing, Heating, and Air-Conditioning ContractorsPrivate Mail CentersProcess, Physical Distribution, and Logistics Consulting ServicesPromoters of Performing Arts, Sports, and Similar Events with FacilitiRemediation ServicesResidential RemodelersRetail BakeriesRoofing ContractorsRoofing, Siding, and Insulation Material Merchant WholesalersSecurity Systems Services (except Locksmiths)Services for the Elderly and Persons with DisabilitiesShip Building and RepairingSiding ContractorsSign ManufacturingSnack and Nonalcoholic Beverage BarsSporting and Recreational Goods and Supplies Merchant WholesalersSports Teams and ClubsSports and Recreation InstructionStructural Steel and Precast Concrete ContractorsSupermarkets and Other Grocery (except Convenience) StoresSurveying and Mapping (except Geophysical) ServicesTax Preparation ServicesTelephone Answering ServicesTemporary Help ServicesTesting LaboratoriesToilet Preparation ManufacturingTransportation Equipment and Supplies (except Motor Vehicle) MerchantTrust, Fiduciary, and Custody ActivitiesUsed Household and Office Goods MovingVeterinary ServicesWarm Air Heating and Air-Conditioning Equipment and Supplies MerchantWood Window and Door ManufacturingZoos and Botanical Gardens
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 0.28%
- Effective Rate
- 7.03%
- Fiscal Year
- 2025
- States Served
- NC
- Website
- www.bankofamerica.com
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