STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
391
2010–2026
Total Volume
$174M
Gross loan amounts
States Active
5
With recorded loans
Programs
7(a) & 504
391 total segments
Heartland Bank and Trust Company has a strong focus on 504 loans, making up 28% of their total SBA deals. This is higher than the national average of about 18%, indicating they are well-suited for borrowers looking for real estate financing.
With an average 7(a) spread of P+2.15%, Heartland offers competitive pricing compared to the national median of P+2.75%. This could lead to significant savings for borrowers over the life of the loan.
The lender has seen a 29% year-over-year growth in SBA deals, suggesting they are expanding their lending capacity and may be more willing to approve new applications, which is a positive sign for potential borrowers.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 108 504 loans, which use fixed SBA debenture rates.
States where Heartland Bank and Trust Company has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Specialty Trade Contractors
Construction
Other Health Practitioners
Health Care & Social Assistance
Auto Repair & Maintenance
Other Services
Physician & Dental Offices
Health Care & Social Assistance
Retail Trade
Retail Trade
Miscellaneous Retail
Retail Trade
+ 7 more
All recorded SBA lending activity for Heartland Bank and Trust Company, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Illinois · Restaurants & Food Service · Under $150K | 7(a) | 22 | P+2.25% | $88K | Q3 2022 |
| Illinois · Restaurants & Food Service · $150K – $350K | 7(a) | 16 | P+2.20% | $274K | Q1 2022 |
| Illinois · Manufacturing · Under $150K | 7(a) | 12 | P+2.63% | $68K | Q1 2018 |
| Illinois · Other Health Practitioners · Under $150K | 7(a) | 12 | P+3.13% | $51K | Q4 2020 |
| Illinois · Retail Trade · Under $150K | 7(a) | 11 | P+2.75% | $66K | Q1 2021 |
| Illinois · Specialty Trade Contractors · $150K – $350K | 7(a) | 10 | P+3.00% | $251K | Q3 2019 |
| Illinois · Specialty Trade Contractors · Under $150K | 7(a) | 7 | P+2.50% | $82K | Q3 2021 |
| Illinois · Other Repair & Services · Under $150K | 7(a) | 7 | P+2.75% | $72K | Q3 2018 |
| Illinois · Auto Repair & Maintenance · $150K – $350K | 7(a) | 6 | P+2.00% | $264K | Q2 2022 |
| Illinois · Administrative & Waste Services · Under $150K | 7(a) | 6 | P+1.63% | $46K | Q3 2020 |
| Illinois · Accounting & Tax · Under $150K | 7(a) | 5 | P+2.75% | $78K | Q4 2015 |
| Illinois · Wholesale Trade · $150K – $350K | 7(a) | 5 | P+2.75% | $321K | Q4 2014 |
| Illinois · Administrative & Waste Services · $150K – $350K | 7(a) | 5 | P+1.00% | $228K | Q3 2020 |
| Illinois · Physician & Dental Offices · $150K – $350K | 7(a) | 4 | P+2.13% | $295K | Q4 2016 |
| Illinois · Manufacturing · $2M – $5M | 7(a) | 4 | P+2.13% | $2.7M | Q3 2014 |
| Illinois · Auto Repair & Maintenance · Under $150K | 7(a) | 4 | P+2.50% | $83K | Q4 2014 |
| Illinois · Manufacturing · $150K – $350K | 7(a) | 4 | P+2.63% | $275K | Q3 2020 |
| Illinois · Social Assistance · Under $150K | 7(a) | 4 | P+2.50% | $59K | Q3 2020 |
| Illinois · Restaurants & Food Service · $350K – $500K | 7(a) | 4 | P+2.50% | $400K | Q1 2020 |
| Illinois · Auto Repair & Maintenance · $150K – $350K | 504 | 4 | — | $279K | Q1 2021 |
| Illinois · Manufacturing · $500K – $1M | 504 | 4 | — | $808K | Q2 2023 |
| Illinois · Restaurants & Food Service · $150K – $350K | 504 | 4 | — | $255K | Q4 2025 |
| Illinois · Other Health Practitioners · $150K – $350K | 504 | 4 | — | $207K | Q1 2019 |
| Illinois · Restaurants & Food Service · $350K – $500K | 504 | 4 | — | $450K | Q4 2021 |
| Illinois · Engineering & Architecture · Under $150K | 7(a) | 4 | P+2.38% | $101K | Q2 2015 |
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