Financial Institution

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individuals, small- and middle-market businesses, large corporations, and governments with a full range of banking, investment management and other financial and risk management products and services.

Size of Loan for Small Businesses

  • Purchase Inventory: $10k to no maximum
  • Finance Receivables: $10k to no maximum
  • Buy a Business: $25k to no maximum
  • Purchase/Refinance a Building: $25k to no maximum (A portion of the building must be occupied by the small business)
  • Start-up Funding: $25k to no maximum (This is specific to Dentists, Doctors and Veterinarians)
  • Purchase Equipment/Machinery:  $25k to no maximum

Purpose Loans for Small Businesses

  • Buy a Business
  • Finance Receivables
  • Purchase a Building
  • Purchase Equipment/Machinery
  • Purchase Inventory
  • Start-up Funding

Type of Loans Offered

  • Commercial Loan
  • Line of Credit (LOC)
  • Small Business Administration (SBA)

Bank Service Area (By County)

  • All North Carolina Counties

Bank Physical Location (By County)

  • Alamance
  • Avery
  • Beaufort
  • Bladen
  • Brunswick
  • Buncombe
  • Cabarrus
  • Caldwell
  • Carteret
  • Catawba
  • Chowan
  • Craven
  • Cumberland
  • Dare
  • Davidson
  • Davie
  • Duplin
  • Durham
  • Edgecombe
  • Forsyth
  • Gaston
  • Guilford
  • Harnett
  • Haywood
  • Henderson
  • Iredell
  • Jackson
  • Johnston
  • Lenoir
  • Lincoln
  • Macon
  • Mecklenburg
  • Mitchell
  • Moore
  • New Hanover
  • Onslow
  • Orange
  • Pender
  • Perquimans
  • Pitt
  • Polk
  • Rockingham
  • Rowan
  • Surry
  • Translyvania
  • Union
  • Vance
  • Wake
  • Watauga
  • Wayne
  • Wilkes
  • Wilson

Specifically Targeted Programs by Industry

  • 11 - Agriculture, Forestry, Fishing, and Hunting
  • 22 - Utilities
  • 23 - Construction
  • 31 - Manufacturing
  • 42 - Wholesale Trade
  • 44 - Retail Trade
  • 48 - Transportation and Warehousing
  • 51 - Information
  • 52 - Finance and Insurance
  • 54 - Professional, Scientific, Technical Services
  • 55 - Management of Companies and Enterprises
  • 56 - Administrative and Support
  • 61 - Educational Services
  • 62 - Health Care and Social Assistance
  • 71 - Arts, Entertainment, and Recreation
  • 72 - Accommodation and Food Services
  • 81 - Other Services (except Public Administration)

Specifically Targeted Programs by Business Demographic

  • Minority-owned business
  • Rural (underutilized zone or tier 1 county)
  • Veteran-owned business
  • Woman-owned business

Point of Contact

Lenore Culpepper

SVP, Small Business Region Executive