Truist Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Truist Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 440 | $478.1M | $1.1M | 6.5% |
| 722513 | Limited-Service Restaurants | 256 | $162.2M | $633K | 3.8% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 192 | $227.5M | $1.2M | 2.9% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 136 | $115.7M | $851K | 2.0% |
| 811111 | General Automotive Repair | 136 | $86.1M | $633K | 2.0% |
| 624410 | Child Day Care Services | 136 | $157.0M | $1.2M | 2.0% |
| 238210 | Electrical Contractors | 96 | $120.1M | $1.3M | 1.4% |
| 541511 | Custom Computer Programming Services | 96 | $186.9M | $1.9M | 1.4% |
| 621610 | Home Health Care Services | 96 | $65.0M | $677K | 1.4% |
| 238990 | All Other Specialty Trade Contractors | 88 | $115.5M | $1.3M | 1.3% |
Geographic Distribution
SBA lending activity for Truist Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 1,920 | $2.12B | 28.5% |
| North Carolina (NC) | 1,024 | $905.4M | 15.2% |
| Georgia (GA) | 880 | $777.1M | 13.1% |
| Virginia (VA) | 784 | $766.8M | 11.6% |
| Texas (TX) | 520 | $589.9M | 7.7% |
| Maryland (MD) | 488 | $569.2M | 7.2% |
| Pennsylvania (PA) | 312 | $449.7M | 4.6% |
| Alabama (AL) | 104 | $212.2M | 1.5% |
| South Carolina (SC) | 224 | $177.9M | 3.3% |
| New Jersey (NJ) | 88 | $173.0M | 1.3% |
| New York (NY) | 56 | $121.7M | 0.8% |
| Tennessee (TN) | 160 | $85.4M | 2.4% |
| Ohio (OH) | 48 | $75.0M | 0.7% |
| District of Columbia (DC) | 56 | $74.4M | 0.8% |
| Kentucky (KY) | 32 | $50.9M | 0.5% |
| Connecticut (CT) | 8 | $40.0M | 0.1% |
| Nevada (NV) | 8 | $32.0M | 0.1% |
| Colorado (CO) | 8 | $14.9M | 0.1% |
| Indiana (IN) | 16 | $4.9M | 0.2% |
Why Choose Truist Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 6,736 SBA loans approved, totaling $7.24B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Offices of Physicians (except Mental Health Specialists)
- ✓Competitive Terms: Average interest rate of 6.64% with flexible term lengths averaging 159 months
- ✓Loan Range: Loan sizes from $15K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 19 states, with strong presence in FL, NC, GA
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 full-service restaurants, limited-service restaurants, offices of physicians (except mental health specialists), plumbing, heating, and air-conditioning contractors. 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 6.64% and average term length of 159 months (approximately 13 years). Loan sizes range from $15K to $5.0M, with an average loan size of $1.1M.
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 6,736 SBA loans totaling $7.24B 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 Truist Bank lend in?
Truist Bank provides SBA 7(a) financing with particularly strong presence in FL, NC, GA, VA, TX. 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?
Professional valuations are often required for SBA loans over $250,000.
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