PPP lender · derived table
Bank of America, National Association
Profile → Bank of America, N.A.
Bank of America, National Association appears in the SBA PPP loan-level file with 491,034 loans and $34.4 billion in approved dollars, an average of $70,081 a loan. That is 4.3% of the 11,468,171 loans in our per-lender totals (39 fewer than the 11,468,210 in the SBA file), rank 2 of the 500 largest lenders by approved dollars and rank 1 by loan count. Borrowers on those loans reported 4,222,159 jobs, 8.6 a loan, and $8,150 of approved dollars for each reported job. 222 pages in the archive carry the name in a title or description.
Totals
| Loans | 491,034 |
| Approved dollars | $34,411,968,884.59 |
| Average loan | $70,080.62 |
| Share of program loans | 4.2817% |
| Rank by approved dollars | 2 of 500 |
| Rank by loan count | 1 of 500 |
| Jobs reported | 4,222,159 |
| Jobs per loan | 8.5985 |
| Approved dollars per reported job | $8,150.33 |
| Borrowers | 426,477 |
| Loans per borrower | 1.151 |
| Lender type (archive classification) | Big bank |
| Modeled processing fees | $1,491,130,977.65 |
| Modeled fees, 2020 first-draw loans | $946,532,709.15 |
| Modeled fees, 2021 first-draw loans | $40,884,066.19 |
| Modeled fees, 2021 second-draw loans | $503,714,202.31 |
| Modeled fee per loan | $3,036.72 |
| Rank by modeled fees | 2 of 4,688 originating lenders |
Named in the archive
1,074 pages in the archive carry this name in a title or description; the 50 most recent are listed. The match is on the page title and description, not a finding about the lender's role in the case.
Cases
Each case below is listed because a filing in it carries this lender's name in its title or description; the listing is not a finding against the lender.
- In re: Bank of America California Unemployment Benefits Litigation — S.D. Cal., No. 21-md-0299239 filings listed below
- In re: Paycheck Protection Program (PPP) Agent Fees Litigation, MDL No. 295010 filings listed below
- Athens v. Bank of America, N.A. — U.S. District Court, D.N.H.1 filing listed below
- David Tyler Hines PPP fraud case — U.S. District Court, S.D. Fla.
- Profiles, Inc. v. Bank of America Corporation — U.S. District Court, D. Md.
- United States v. Andre Lorquet — S.D. Fla., No. 1:22-cr-20326-KMM
- United States v. Bernard Okojie — S.D. Ga., No. 4:22-cr-00084-LGW-BWC
- United States v. Casey David Crowther — M.D. Fla., No. 2:20-cr-114-JES-MRM
Filings and documents
Data and method
Totals come from SBA's PPP loan-level file (FOIA release of 2024-09-30); ranks are among its 4,688 named originating lenders. Modeled fees are computed loan by loan from SBA's published fee schedule, because SBA never published what it paid each lender. Jobs are self-reported; dollars are approved, not disbursed; the totals leave out 39 source rows. The per-lender totals page has the full method.