Bank of America California, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of America California, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 89 | $4.9M | $55K | 2.4% |
| 621210 | Offices of Dentists | 48 | $6.1M | $127K | 1.3% |
| 541110 | Offices of Lawyers | 40 | $2.5M | $62K | 1.1% |
| 441120 | Used Car Dealers | 25 | $894K | $36K | 0.7% |
| 541940 | Veterinary Services | 24 | $3.9M | $162K | 0.7% |
| 541330 | Engineering Services | 23 | $2.7M | $116K | 0.6% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 22 | $1.3M | $59K | 0.6% |
| 621310 | Offices of Chiropractors | 21 | $1.2M | $58K | 0.6% |
| 561510 | Travel Agencies | 18 | $637K | $35K | 0.5% |
| 512110 | Motion Picture and Video Production | 17 | $1.2M | $70K | 0.5% |
Geographic Distribution
SBA lending activity for Bank of America California, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 3,556 | $315.1M | 96.8% |
| Texas (TX) | 47 | $3.4M | 1.3% |
| New Mexico (NM) | 8 | $1.5M | 0.2% |
| Oregon (OR) | 15 | $1.4M | 0.4% |
| Alaska (AK) | 9 | $1.0M | 0.2% |
| Idaho (ID) | 2 | $580K | 0.1% |
| Arizona (AZ) | 21 | $562K | 0.6% |
| Illinois (IL) | 2 | $490K | 0.1% |
| Washington (WA) | 2 | $470K | 0.1% |
| Arkansas (AR) | 1 | $313K | 0.0% |
| Tennessee (TN) | 2 | $238K | 0.1% |
| Minnesota (MN) | 2 | $60K | 0.1% |
| Colorado (CO) | 1 | $50K | 0.0% |
| Georgia (GA) | 1 | $50K | 0.0% |
| Ohio (OH) | 1 | $50K | 0.0% |
| Massachusetts (MA) | 1 | $25K | 0.0% |
| Nevada (NV) | 1 | $18K | 0.0% |
Why Choose Bank of America California, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 3,672 SBA loans approved, totaling $325.3M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Offices of Dentists, Offices of Lawyers
- ✓Competitive Terms: Average interest rate of N/A with flexible term lengths averaging 90 months
- ✓Loan Range: Loan sizes from $3K to $1.6M, with an average of $89K
- ✓Nationwide Reach: Active lending in 17 states, with strong presence in CA, TX, AZ
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Bank of America California, National Association SBA lending
What types of businesses does Bank of America California, National Association typically finance?
Bank of America California, National Association specializes in SBA 7(a) lending to specific industries including general automotive repair, offices of dentists, offices of lawyers, used car dealers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of America California, National Association's typical SBA loan terms?
Bank of America California, National Association's SBA 7(a) loans typically feature an average interest rate of N/A and average term length of 90 months (approximately 8 years). Loan sizes range from $3K to $1.6M, with an average loan size of $89K.
Do I need a business valuation for a Bank of America California, National Association SBA loan?
Yes, Bank of America California, National Association typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Bank of America California, National Association compare to other SBA lenders?
Bank of America California, National Association has originated 3,672 SBA loans totaling $325.3M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Bank of America California, National Association lend in?
Bank of America California, National Association provides SBA 7(a) financing with particularly strong presence in CA, TX, AZ, OR, AK. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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