Bank of America

Bank of America sits solidly inside the SBA lending field, having approved 6,818 loans for a gross total of $3.10B since fiscal 2010. Its median loan of $262,800 is substantially larger than the $180,000 national median, a pattern that usually signals a focus on real-estate-backed or acquisition deals rather than small working-capital notes.

The median initial note rate across its 7(a) approvals is 7.00%, 0.25 points above the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.

Of its FY2010-FY2019 approvals that have reached a terminal status, 3.6% were charged off, 3.9 points below the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.

Roughly 13% of its approvals with a recorded business age went to startups or businesses two years old or less, against 27% nationally - a book weighted toward established operators.