Banking/Financing

Company Snapshot

• Year Founded: 1998 (merger of NationsBank and Bank of America)
• Headquarters Location: Charlotte, North Carolina, USA
• Ownership: Public (NYSE: BAC)
• Key Executives: Brian Moynihan (Chairman \& CEO)
• Number of Locations: Approximately 3,700 financial centers and 15,000 ATMs in the U.S.
• Public Contact: Small Business Banking (available via main site): 866.283.4075

Company Overview

Bank of America is one of the largest financial institutions in the United States, serving over 4 million small business clients nationwide, and is recognized as the leading small business lender in the country. Its dedicated franchise and small business banking division provides tailored financial solutions supporting new and established franchise owners in managing growth, daily operations, and expansion. Through an extensive physical presence and robust digital tools, it aims to simplify banking, financing, and capital access for franchise systems.

Services Offered

• Franchise financing and loans with flexible terms for new acquisitions, expansions, and remodels.
• SBA 7(a), 504, and Express loans with competitive rates and extended maturities for business needs.
• Business checking, cash flow management, credit cards, and merchant services tailored for multi-unit operators.
• Dedicated relationship managers offering franchise expertise, plus industry-leading digital banking platforms.

Value Proposition

• Industry Specialization: Serves franchises across all industries, including QSR, retail, services, healthcare, and restaurant brands, with dedicated restaurant and franchise finance teams.
• Key Benefits: Accelerates access to capital for growth and remodels, streamlines cash management for multi-location operators, and supports compliance with franchise-specific royalty and reporting requirements.
• Franchise Expertise: Recognized as the nation’s largest small business lender, Bank of America has a documented track record of supporting thousands of franchise operators, with tailored loan programs, case studies, and dedicated specialists for franchise systems.