Truist Bank
Truist Bank is an active SBA lender in North Carolina, a bank offering SBA-guaranteed small-business loans. Currently rated 2.4 stars across 45 Google reviews.
$5.1B
in SBA approvals since 2010
10,099
SBA loans funded
Wholesale & Distribution · Manufacturing · Restaurants & Food Service
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Truist Bank
Truist Bank offers comprehensive SBA lending services, specializing in small business financing solutions through the SBA 7(a) program. With a focus on supporting entrepreneurs and small business owners, the bank provides tailored loan options that help businesses grow, acquire assets, or manage cash flow. Their experienced lending team works closely with clients to understand their needs and craft suitable financing packages, often providing flexible terms and competitive rates. Located at 214 N Tryon St in Charlotte, NC, Truist Bank leverages its extensive network and financial expertise to serve a diverse range of industries, including professional services, retail, and healthcare. The bank's commitment to small business success is reflected in its ability to approve sizable loans, with the largest recorded approval amount reaching $313,400. Whether you're starting a new venture or expanding an existing business, Truist Bank is equipped to assist with SBA-backed loans that facilitate growth and stability.
Serves SBA borrowers in 21 states
Truist Bank has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Truist Bank finances
Business types Truist Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Truist Bank
What is this place and what can I find here?
This is a financial institution offering SBA loan programs and small business financing solutions to help entrepreneurs grow and succeed.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to meet with a lending specialist, but walk-in consultations may be available depending on branch hours.
What are the hours of operation?
Truist's Charlotte Kings Drive branch is open Monday through Thursday 9 AM to 5 PM, and Friday 9 AM to 6 PM. Confirm exact hours directly with the branch at (704) 347-6089.
Is there a fee to use this?
There are no fees to access general information, but loan processing and application fees may apply depending on the services used.
Who is this open to — anyone, or only residents/members?
This service is open to small business owners and entrepreneurs, regardless of residency, provided they meet the lending criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred for loan approval.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and supporting documents.
Is this open on weekends?
Truist's Charlotte Kings Drive branch is closed on weekends. Confirm business hours directly at (704) 347-6089.
How do I get there and where do I park?
Truist Bank is located in North Carolina — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Truist Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Truist Bank itself, which runs its own lending under its own ownership. If you work at Truist Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Truist Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Truist Bank before applying. If you represent Truist Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can schedule an appointment online at https://appointments.truist.com/schedule/ or call (704) 347-6089 to reach the Charlotte Kings Drive branch.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Truist Bank most often finances businesses in restaurants & food service, general retail, construction & contractors, medical practices & clinics, manufacturing, and wholesale & distribution. This reflects Truist Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Truist Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Truist Bank participates in SBA Express depends on its specific SBA lending authority. Contact Truist Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Truist Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Truist Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Truist Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Truist Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Truist Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Truist Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Truist Bank weighs this case by case under its own policy, so be upfront about your history and ask Truist Bank how it evaluates prior bankruptcies.
