Heritage Bank Inc
51 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 51
- Total approved
- $69.4M
- Median loan
- $940K
- Middle half of loans
- $714K to $1.5M
- Median starting rate
- 10.00%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 39 industries and 24 states and territories. The largest industry by count was Full-Service Restaurants (6 of 51 approvals). Kentucky had the highest count among recorded project locations (7).
The median approved loan was $940K versus $707K across the index for FY2024–FY2026. Differences can reflect which industries, markets and deal sizes the lender serves.
Industries by approval count
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 6 | 12% | $944K | $8.2M |
| 2 | Machine Shops | 3 | 6% | $638K | $1.9M |
| 3 | Sports and Recreation Instruction | 2 | 4% | $3.0M | $6.1M |
| 4 | Offices of Chiropractors | 2 | 4% | $1.8M | $3.7M |
| 5 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | 4% | $1.2M | $2.4M |
| 6 | Commercial Screen Printing | 2 | 4% | $887K | $1.8M |
| 7 | Carpet and Upholstery Cleaning Services | 2 | 4% | $472K | $943K |
| 8 | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) | 1 | 2% | $5.0M | $5.0M |
| 9 | Landscape Architectural Services | 1 | 2% | $5.0M | $5.0M |
| 10 | Recreational Vehicle Dealers | 1 | 2% | $4.0M | $4.0M |
| 11 | Welding and Soldering Equipment Manufacturing | 1 | 2% | $2.4M | $2.4M |
| 12 | Offices of Real Estate Agents and Brokers | 1 | 2% | $2.4M | $2.4M |
| 13 | Offices of Certified Public Accountants | 1 | 2% | $2.2M | $2.2M |
| 14 | Tile and Terrazzo Contractors | 1 | 2% | $1.8M | $1.8M |
| 15 | Solid Waste Collection | 1 | 2% | $1.7M | $1.7M |
Project locations
| # | State | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Kentucky | 7 | 14% | $1.4M | $18.3M |
| 2 | Ohio | 6 | 12% | $642K | $6.9M |
| 3 | Texas | 4 | 8% | $1.0M | $4.4M |
| 4 | New Jersey | 3 | 6% | $707K | $5.1M |
| 5 | Louisiana | 3 | 6% | $1.2M | $4.9M |
| 6 | California | 3 | 6% | $800K | $3.4M |
| 7 | Colorado | 2 | 4% | $1.3M | $2.6M |
| 8 | South Dakota | 2 | 4% | $1.3M | $2.5M |
| 9 | Washington | 2 | 4% | $1.1M | $2.2M |
| 10 | Virginia | 2 | 4% | $887K | $1.8M |
| 11 | Mississippi | 2 | 4% | $887K | $1.8M |
| 12 | New York | 2 | 4% | $746K | $1.5M |
| 13 | Georgia | 2 | 4% | $467K | $934K |
| 14 | New Mexico | 1 | 2% | $2.4M | $2.4M |
| 15 | Illinois | 1 | 2% | $2.2M | $2.2M |