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SBA lender · 7(a) program
Heritage Bank Inc
Heritage Bank Inc has approved 611 SBA loans worth $287.4M since FY2010 - the #277 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#277
0.06% of all SBA dollars
Total approved
$287.4M
FY2010 onward
Loans
611
Median loan
$150,000
-17% vs national
Median rate
11.50%
+4.75 pts vs national
Charge-off rate
-
Cohort too small
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What Heritage Bank Inc’s numbers say
Heritage Bank Inc sits in the long tail of the SBA lending field, having approved 611 loans for a gross total of $287.4M since fiscal 2010. Its median loan of $150,000 is close to the $180,000 national median.
The median initial note rate across its 7(a) approvals is 11.50%, 4.75 points above the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Roughly 12% of its approvals with a recorded business age went to startups or businesses two years old or less, against 27% nationally - a book weighted toward established operators.
Where Heritage Bank Inc lends
| State | Loans | Share |
|---|---|---|
| California | 67 | |
| Florida | 62 | |
| Texas | 47 | |
| New York | 46 | |
| Ohio | 32 | |
| Pennsylvania | 29 | |
| Illinois | 29 | |
| Kentucky | 26 |
What it lends against
Franchise brands Heritage Bank Inc financed
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Crumbl | 5 | $3.3M | |
| 911 Restoration | 4 | $1.2M | |
| D1 Training | 2 | $1.3M | |
| Meineke Car Care Center | 2 | $686K | |
| Penn Station East Coast Subs | 1 | $1.5M | |
| Bin There...Dump That | 1 | $232K | |
| Glass Doctor | 1 | $150K | |
| Vocelli Pizza | 1 | $150K |
Brands with the most Heritage Bank Inc SBA loans, among brands with at least 10 loans in the file. Compare lenders across all franchise lending on SBA lenders for franchises.
Heritage Bank Inc made 4 of these loans under the SBA Express programme, median $203,750. Compare SBA Express lenders.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
A different SBA 7(a) lender
SmartBiz is a separate company from Heritage Bank Inc. An SBA 7(a) lender and marketplace for loans up to $500,000, plus bank term loans and custom financing. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Questions about Heritage Bank Inc
- How many SBA loans has Heritage Bank Inc approved?
- Heritage Bank Inc has approved 611 SBA loans totalling $287,438,900 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #277 among all SBA lenders by dollars approved.
- What is the typical Heritage Bank Inc SBA loan size?
- The median gross approval is $150,000, with the middle 80% of loans falling between $130,000 and $1,186,000. The national median across all SBA lenders is $180,000.
- What interest rate does Heritage Bank Inc charge on SBA 7(a) loans?
- The median initial note rate on Heritage Bank Inc's 7(a) approvals is 11.50%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
Where to go from here
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