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Bank of America, National Association

Bank of America offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a strong presence across the nation, it provides flexible loan options, including the SBA 7(a) program, to help entrepreneurs access capital efficiently. The bank’s experienced lending team works closely with clients to understand their unique requirements and guide them through the application process, ensuring a smooth experience from start to finish. Whether you’re looking for working capital, equipment financing, or real estate loans, Bank of America is equipped to support your business goals with competitive terms and personalized service. Their extensive network and resources make them a reliable partner for small business owners across various industries, especially those in manufacturing, retail, and services. The bank also offers guidance on loan eligibility, documentation, and repayment options, making it easier for entrepreneurs to secure the funding they need to succeed.

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Lender Type

Commercial Bank

Google Rating

2.1

Google Review Count

181

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs designed to help small businesses access capital for growth, real estate, and equipment needs. You can find personalized lending services, expert guidance, and a variety of loan options tailored to your business goals.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to ensure dedicated time with a lending specialist, but walk-in consultations may be available depending on branch hours and staffing.

Question 3

What are the hours of operation?

Answer 3

Branch hours typically range from 9 AM to 5 PM, Monday through Friday, but it"s best to check with your local branch for specific hours or to schedule an appointment.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to access consultation services; however, loan programs may involve closing costs, guaranty fees, and interest charges based on the specific financing arrangement.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This service is open to small business owners nationwide who meet the eligibility criteria for SBA loans, regardless of residency, as long as they operate within the supported regions and industries.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of around 680 is generally preferred, but the actual requirement can vary based on the loan type and borrower profile.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

Bank of America, National Association

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