Truist Business Banking

Truist Business Banking is the small business and commercial lending division of Truist Bank, which was formed through the 2019 merger of SunTrust Banks and BB&T Corporation. Truist is one of the largest US banks and is headquartered in Charlotte, North Carolina, with a strong presence across the South and East Coast.

Truist Business Banking offers a full range of products for small business owners including business checking and savings accounts, business credit cards, term loans, lines of credit, SBA loans and equipment financing. Truist is an active SBA preferred lender and participates in SBA 7(a) and 504 loan programs.

SBA loans are partially government-guaranteed business loans offered through approved banks like Truist. The government backing allows the bank to offer longer repayment terms and often lower rates than fully conventional business loans for businesses that meet SBA eligibility requirements. SBA loans require more documentation and take longer to process.

Truist also offers conventional business term loans and revolving lines of credit for businesses that do not require the SBA process. Its equipment finance division, Truist Equipment Finance, provides leasing and lending products for businesses acquiring machinery or vehicles.

Truist has the largest branch footprint in the southeastern United States, covering states including Florida, Georgia, North Carolina, Virginia, Maryland and Texas among others. For small business owners in these regions, Truist may be a natural first stop for business banking.

As with any large bank, terms and eligibility requirements vary. Business owners should compare any Truist business loan offer against those from community banks, credit unions and SBA-preferred lenders in their area before committing.