GOOD
How competitive are their spreads? Lower = better for you.
STRONG
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
STRONG
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
1,791
2010–2026
Total Volume
$1.0B
Gross loan amounts
States Active
49
With recorded loans
Programs
7(a) & 504
1791 total segments
Heritage Bank has a strong focus on existing businesses, with 74% of its deals serving this segment. This makes them a solid choice for established companies looking to expand or refinance.
With a 23% share of 504 loans, Heritage Bank stands out among SBA lenders, as this is higher than the national average of 18%. This indicates a strong capability in financing real estate and larger projects.
Heritage Bank's average deal size is $567,394, which suggests they are well-suited for mid-sized businesses. However, their YoY growth trend is down by 17%, indicating a potential tightening in lending activity.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 406 504 loans, which use fixed SBA debenture rates.
Top 15 of 49 states where Heritage Bank has recorded SBA lending activity.
+ 10 more states
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
Wholesale Trade
Wholesale Trade
Transportation & Warehousing
Transportation & Warehousing
Physician & Dental Offices
Health Care & Social Assistance
Administrative & Waste Services
Administrative & Waste Services
+ 7 more
All recorded SBA lending activity for Heritage Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Washington · Restaurants & Food Service · $150K – $350K | 7(a) | 43 | P+2.25% | $248K | Q2 2023 |
| Washington · Manufacturing · Under $150K | 7(a) | 20 | P+2.13% | $104K | Q4 2025 |
| Washington · Restaurants & Food Service · $500K – $1M | 7(a) | 18 | P+1.50% | $848K | Q3 2025 |
| Washington · Restaurants & Food Service · $350K – $500K | 7(a) | 18 | P+2.25% | $426K | Q4 2024 |
| Washington · Other Health Practitioners · Under $150K | 7(a) | 17 | P+2.25% | $79K | Q4 2025 |
| Washington · Restaurants & Food Service · Under $150K | 7(a) | 15 | P+2.25% | $100K | Q1 2025 |
| Washington · Manufacturing · $150K – $350K | 7(a) | 15 | P+2.00% | $250K | Q4 2025 |
| Washington · Restaurants & Food Service · $1M – $2M | 7(a) | 13 | P+1.75% | $1.4M | Q4 2025 |
| Washington · Wholesale Trade · Under $150K | 7(a) | 13 | P+2.25% | $108K | Q4 2025 |
| Washington · Manufacturing · $500K – $1M | 7(a) | 13 | P+2.00% | $723K | Q1 2025 |
| Washington · Accounting & Tax · Under $150K | 7(a) | 12 | P+1.63% | $80K | Q4 2024 |
| Washington · Specialty Trade Contractors · Under $150K | 7(a) | 12 | P+2.50% | $103K | Q4 2023 |
| Washington · Restaurants & Food Service · $150K – $350K | 504 | 11 | — | $280K | Q1 2025 |
| Washington · Specialty Trade Contractors · $150K – $350K | 7(a) | 11 | P+2.00% | $269K | Q2 2025 |
| Washington · Other Health Practitioners · $150K – $350K | 504 | 10 | — | $229K | Q2 2022 |
| Washington · Wholesale Trade · $150K – $350K | 7(a) | 10 | P+2.13% | $259K | Q3 2021 |
| Washington · Manufacturing · $1M – $2M | 7(a) | 10 | P+1.75% | $1.6M | Q3 2021 |
| Washington · Manufacturing · $350K – $500K | 7(a) | 10 | P+1.75% | $444K | Q4 2023 |
| Washington · Transportation & Warehousing · $150K – $350K | 7(a) | 10 | P+1.75% | $251K | Q4 2025 |
| Washington · Real Estate · Under $150K | 7(a) | 9 | P+2.00% | $111K | Q3 2023 |
| Washington · Specialty Trade Contractors · $500K – $1M | 504 | 9 | — | $669K | Q4 2021 |
| Washington · Administrative & Waste Services · $150K – $350K | 7(a) | 9 | P+2.00% | $216K | Q1 2025 |
| Washington · Retail Trade · Under $150K | 7(a) | 9 | P+2.25% | $87K | Q2 2016 |
| Washington · Transportation & Warehousing · Under $150K | 7(a) | 9 | P+2.25% | $87K | Q4 2025 |
| Washington · Wholesale Trade · $1M – $2M | 7(a) | 8 | P+1.75% | $1.4M | Q4 2025 |
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