Truist Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Truist Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541940 | Veterinary Services | 616 | $427.6M | $694K | 2.5% |
| 624410 | Child Care Services | 494 | $255.8M | $518K | 2.0% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 443 | $143.6M | $324K | 1.8% |
| 621210 | Offices of Dentists | 378 | $93.6M | $248K | 1.5% |
| 238990 | All Other Specialty Trade Contractors | 353 | $86.4M | $245K | 1.4% |
| 722511 | Full-Service Restaurants | 352 | $216.4M | $615K | 1.4% |
| 811111 | General Automotive Repair | 321 | $72.4M | $226K | 1.3% |
| 812990 | All Other Personal Services | 302 | $47.5M | $157K | 1.2% |
| 541990 | All Other Professional, Scientific, and Technical Services | 282 | $66.6M | $236K | 1.1% |
| 621310 | Offices of Chiropractors | 242 | $35.7M | $147K | 1.0% |
Geographic Distribution
SBA lending activity for Truist Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 4,419 | $1.65B | 17.7% |
| Georgia (GA) | 4,527 | $1.45B | 18.2% |
| North Carolina (NC) | 3,658 | $958.0M | 14.7% |
| Virginia (VA) | 3,100 | $715.3M | 12.4% |
| Pennsylvania (PA) | 2,072 | $600.5M | 8.3% |
| Maryland (MD) | 1,923 | $546.5M | 7.7% |
| Tennessee (TN) | 1,188 | $308.5M | 4.8% |
| South Carolina (SC) | 911 | $265.5M | 3.7% |
| Texas (TX) | 479 | $219.5M | 1.9% |
| New Jersey (NJ) | 298 | $144.6M | 1.2% |
| Kentucky (KY) | 533 | $111.2M | 2.1% |
| West Virginia (WV) | 744 | $106.3M | 3.0% |
| Alabama (AL) | 381 | $104.6M | 1.5% |
| New York (NY) | 55 | $52.8M | 0.2% |
| District of Columbia (DC) | 227 | $51.1M | 0.9% |
| Ohio (OH) | 89 | $43.4M | 0.4% |
| California (CA) | 35 | $27.3M | 0.1% |
| Massachusetts (MA) | 31 | $24.2M | 0.1% |
| Connecticut (CT) | 12 | $14.2M | 0.0% |
| Indiana (IN) | 35 | $13.4M | 0.1% |
| Michigan (MI) | 20 | $12.6M | 0.1% |
| Delaware (DE) | 23 | $9.9M | 0.1% |
| Colorado (CO) | 15 | $9.3M | 0.1% |
| Oregon (OR) | 12 | $9.3M | 0.0% |
| Arizona (AZ) | 11 | $9.1M | 0.0% |
| Illinois (IL) | 17 | $8.6M | 0.1% |
| Nevada (NV) | 7 | $6.9M | 0.0% |
| Missouri (MO) | 10 | $6.3M | 0.0% |
| Louisiana (LA) | 6 | $6.2M | 0.0% |
| Montana (MT) | 3 | $5.1M | 0.0% |
| New Hampshire (NH) | 7 | $4.9M | 0.0% |
| Mississippi (MS) | 15 | $4.9M | 0.1% |
| New Mexico (NM) | 5 | $4.8M | 0.0% |
| Washington (WA) | 3 | $4.2M | 0.0% |
| Wisconsin (WI) | 6 | $3.6M | 0.0% |
| Utah (UT) | 2 | $3.2M | 0.0% |
| Minnesota (MN) | 6 | $3.0M | 0.0% |
| Kansas (KS) | 7 | $2.9M | 0.0% |
| Rhode Island (RI) | 2 | $2.4M | 0.0% |
| Iowa (IA) | 3 | $2.3M | 0.0% |
| Arkansas (AR) | 14 | $1.6M | 0.1% |
| Maine (ME) | 1 | $1.4M | 0.0% |
| Oklahoma (OK) | 5 | $1.2M | 0.0% |
| Hawaii (HI) | 1 | $400K | 0.0% |
| Vermont (VT) | 1 | $150K | 0.0% |
| Nebraska (NE) | 1 | $150K | 0.0% |
Why Choose Truist Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 24,920 SBA loans approved, totaling $7.54B in financing
- ✓Industry Expertise: Specialized focus on Veterinary Services, Child Care Services, Offices of Physicians (except Mental Health Specialists)
- ✓Competitive Terms: Average interest rate of 6.18% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $2K to $5.0M, with an average of $303K
- ✓Nationwide Reach: Active lending in 46 states, with strong presence in GA, FL, NC
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 Truist Bank SBA lending
What types of businesses does Truist Bank typically finance?
Truist Bank specializes in SBA 7(a) lending to specific industries including veterinary services, child care services, offices of physicians (except mental health specialists), offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Truist Bank's typical SBA loan terms?
Truist Bank's SBA 7(a) loans typically feature an average interest rate of 6.18% and average term length of 109 months (approximately 9 years). Loan sizes range from $2K to $5.0M, with an average loan size of $303K.
Do I need a business valuation for a Truist Bank SBA loan?
Yes, Truist Bank 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 Truist Bank compare to other SBA lenders?
Truist Bank has originated 24,920 SBA loans totaling $7.54B since 1991. 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 Truist Bank lend in?
Truist Bank provides SBA 7(a) financing with particularly strong presence in GA, FL, NC, VA, PA. 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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