GOOD
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
302
2010–2026
Total Volume
$190M
Gross loan amounts
States Active
4
With recorded loans
Programs
504
302 total segments
Heartland Business Capital is a 504-only lender, focusing exclusively on real estate and equipment financing, which is ideal for established businesses seeking expansion. With 302 deals totaling $190 million, they have a strong presence in this niche market.
The average deal size of $630,682 suggests that Heartland is well-suited for medium to large projects. If your financing needs fall within the $500K-$1M range, you're in line with their most common deal size, which could improve your chances of approval.
However, Heartland's growth trend shows a significant decline of 50% year-over-year, with only 8 deals in the last quarter compared to 16 the previous year. This trend may indicate a tightening in their lending capacity, which could affect your chances of securing a loan.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 302 504 loans, which use fixed SBA debenture rates.
States where Heartland Business Capital, In has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Wholesale Trade
Wholesale Trade
Restaurants & Food Service
Accommodation & Food Services
Physician & Dental Offices
Health Care & Social Assistance
Specialty Trade Contractors
Construction
Other Health Practitioners
Health Care & Social Assistance
Auto Repair & Maintenance
Other Services
Other Professional Services
Professional Services
+ 7 more
All recorded SBA lending activity for Heartland Business Capital, In, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Missouri · Manufacturing · $150K – $350K | 504 | 7 | — | $270K | Q4 2021 |
| Kansas · Manufacturing · $500K – $1M | 504 | 6 | — | $654K | Q4 2021 |
| Missouri · Restaurants & Food Service · $500K – $1M | 504 | 6 | — | $727K | Q3 2024 |
| Missouri · Manufacturing · $500K – $1M | 504 | 6 | — | $646K | Q3 2025 |
| Kansas · Physician & Dental Offices · $500K – $1M | 504 | 6 | — | $770K | Q3 2023 |
| Kansas · Physician & Dental Offices · $1M – $2M | 504 | 5 | — | $1.5M | Q2 2021 |
| Missouri · Auto Repair & Maintenance · $150K – $350K | 504 | 5 | — | $262K | Q2 2020 |
| Missouri · Other Professional Services · $500K – $1M | 504 | 5 | — | $621K | Q3 2021 |
| Missouri · Wholesale Trade · $150K – $350K | 504 | 5 | — | $221K | Q3 2017 |
| Kansas · Manufacturing · $1M – $2M | 504 | 5 | — | $1.4M | Q1 2023 |
| Missouri · Wholesale Trade · $500K – $1M | 504 | 5 | — | $628K | Q1 2020 |
| Kansas · Specialty Trade Contractors · $150K – $350K | 504 | 4 | — | $222K | Q4 2014 |
| Missouri · Finance & Insurance · $150K – $350K | 504 | 4 | — | $266K | Q4 2024 |
| Missouri · Engineering & Architecture · $150K – $350K | 504 | 4 | — | $244K | Q3 2018 |
| Kansas · Restaurants & Food Service · $350K – $500K | 504 | 4 | — | $451K | Q3 2024 |
| Kansas · Engineering & Architecture · $150K – $350K | 504 | 3 | — | $235K | Q2 2017 |
| Kansas · Auto Repair & Maintenance · $150K – $350K | 504 | 3 | — | $204K | Q1 2021 |
| Missouri · Social Assistance · $150K – $350K | 504 | 3 | — | $307K | Q4 2014 |
| Kansas · Social Assistance · $1M – $2M | 504 | 3 | — | $1.4M | Q3 2020 |
| Kansas · Social Assistance · $500K – $1M | 504 | 3 | — | $677K | Q2 2021 |
| Kansas · Specialty Trade Contractors · $1M – $2M | 504 | 3 | — | $1.4M | Q1 2024 |
| Missouri · Legal Services · $150K – $350K | 504 | 3 | — | $260K | Q2 2018 |
| Missouri · Specialty Trade Contractors · $350K – $500K | 504 | 3 | — | $430K | Q4 2019 |
| Missouri · Hotels & Accommodation · $500K – $1M | 504 | 3 | — | $564K | Q3 2014 |
| Kansas · Wholesale Trade · $500K – $1M | 504 | 3 | — | $694K | Q2 2022 |
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Real experiences from borrowers who closed SBA loans with Heartland Business Capital, In.
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