BofA Ranked No. 1 Small Business Lender for 17th Consecutive Quarter

Bank of America (NYSE:BAC) has maintained its position as the number one small business lender in the U.S. for 17 consecutive quarters, according to FDIC data.

Rhea-AI Summary

Bank of America (NYSE:BAC) has maintained its position as the number one small business lender in the U.S. for 17 consecutive quarters, according to FDIC data. The bank's small business loan balances reached $46.7 billion in Q2 2025, marking over 4 years of industry leadership since Q2 2021.

The bank serves nearly 4 million small business households nationwide through a network of local bankers in over 200 communities. Bank of America was recently recognized as the "World's Best Bank for Small and Medium-Sized Enterprises" and received the "North America's Best Bank of Small and Medium-Sized Enterprises" award for the 10th consecutive year from Euromoney.

Positive

• Maintained #1 small business lender position for 17 consecutive quarters with $46.7B in loan balances
• Serves approximately 4 million small business households nationwide
• Extensive network coverage with local bankers in over 200 communities
• Received prestigious industry recognition as World's Best Bank for SMEs

Negative

• None.

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CHARLOTTE, N.C., Sept. 16, 2025 /PRNewswire/ -- Bank of America today announced that the company has been ranked the number one small business lender across the U.S. for the 17^th consecutive quarter, according to the Federal Deposit Insurance Corporation (FDIC). The FDIC publishes quarterly data on U.S.-based business loan balances for original loan amounts up to $1 million. Based on which, Bank of America has maintained this industry leadership position for more than 4 years (Q2 2021 through Q2 2025), with total small business loan balances of $46.7 billion.

"As the number one small business lender, we are deeply committed to helping businesses and local communities thrive," said Sharon Miller, president, Bank of America Business Banking. "Whether you operate locally or nationally, we're in your corner and on your corner – providing small businesses with opportunities and access to capital, helping manage risk, optimizing liquidity, and fostering growth during every stage of your journey."

Helping Businesses Thrive

Small businesses are the backbone of the U.S. economy. Serving nearly 4 million small business households nationwide, Bank of America understands the unique challenges these clients face and delivers expert advice and solutions that align with their evolving needs.

The company has a network of local bankers who live and work in more than 200 communities across the U.S. These bankers offer business owners a single point of contact, connecting them to the full breadth of the company's offerings – including credit, deposit and treasury products, merchant services, workplace benefits, and wealth management solutions. As businesses grow, Bank of America provides the expertise, products, services, and award-winning digital capabilities they need to succeed.

Bank of America was recently recognized as the "World's Best Bank for Small and Medium-Sized Enterprises" and for the 10^th year in a row "North America's Best Bank of Small and Medium-Sized Enterprises" by Euromoney.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact

Don Vecchiarello, Bank of America
Phone: 1.980.387.4899
don.vecchiarello@bofa.com

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SOURCE Bank of America Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How long has Bank of America (BAC) been the top small business lender in the US?

Bank of America has been ranked the #1 small business lender for 17 consecutive quarters, maintaining this leadership position for more than 4 years from Q2 2021 through Q2 2025.

What is Bank of America's (BAC) total small business loan balance as of Q2 2025?

Bank of America's total small business loan balances reached $46.7 billion as of Q2 2025.

How many small business clients does Bank of America (BAC) serve?

Bank of America serves nearly 4 million small business households nationwide through its network of local bankers.

What recent awards has Bank of America (BAC) received for its small business services?

Bank of America was named the 'World's Best Bank for Small and Medium-Sized Enterprises' and won 'North America's Best Bank of Small and Medium-Sized Enterprises' for the 10th consecutive year by Euromoney.

How many retail financial centers and ATMs does Bank of America (BAC) operate?

Bank of America operates approximately 3,700 retail financial centers and 15,000 ATMs, serving about 69 million consumer and small business clients.