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
82
2019–2026
Total Volume
$17M
Gross loan amounts
States Active
2
With recorded loans
Programs
7(a)
82 total segments
Most active in Indiana (94% of deals) and focuses heavily on restaurants & food service (15% of deals).
With a median 7(a) spread of P + 1.24%, Heritage Federal Credit Union prices well below the national median of P + 2.00% — competitive pricing is a clear strength here.
44% of Heritage Federal Credit Union's SBA deals go to startups and new businesses — more startup-friendly than most SBA lenders, where existing businesses typically dominate.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes.
States where Heritage Federal Credit Union 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
Administrative & Waste Services
Administrative & Waste Services
Other Repair & Services
Other Services
Specialty Trade Contractors
Construction
Real Estate
Real Estate
Transportation & Warehousing
Transportation & Warehousing
Other Health Practitioners
Health Care & Social Assistance
+ 7 more
All recorded SBA lending activity for Heritage Federal Credit Union, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Indiana · Restaurants & Food Service · Under $150K | 7(a) | 5 | P+2.00% | $43K | Q4 2025 |
| Indiana · Administrative & Waste Services · Under $150K | 7(a) | 5 | P+1.49% | $84K | Q3 2025 |
| Indiana · Other Repair & Services · $150K – $350K | 7(a) | 4 | P+1.00% | $252K | Q2 2024 |
| Indiana · Manufacturing · $150K – $350K | 7(a) | 4 | P+1.38% | $226K | Q3 2025 |
| Indiana · Restaurants & Food Service · $150K – $350K | 7(a) | 4 | P+1.50% | $230K | Q2 2025 |
| Indiana · Real Estate · Under $150K | 7(a) | 4 | P+1.00% | $64K | Q4 2025 |
| Indiana · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 4 | P+0.25% | $275K | Q3 2025 |
| Indiana · Specialty Trade Contractors · Under $150K | 7(a) | 3 | P+2.00% | $81K | Q1 2024 |
| Indiana · Manufacturing · Under $150K | 7(a) | 3 | P+1.25% | $57K | Q3 2025 |
| Indiana · Specialty Trade Contractors · $150K – $350K | 7(a) | 2 | P+2.38% | $235K | Q1 2025 |
| Indiana · Administrative & Waste Services · $150K – $350K | 7(a) | 2 | P+1.63% | $214K | Q1 2023 |
| Indiana · Miscellaneous Retail · Under $150K | 7(a) | 2 | P+3.42% | $42K | Q3 2024 |
| Indiana · Other Repair & Services · Under $150K | 7(a) | 2 | P+0.38% | $52K | Q4 2024 |
| Indiana · Other Health Practitioners · Under $150K | 7(a) | 2 | P+1.50% | $29K | Q3 2024 |
| Indiana · Other Health Practitioners · $150K – $350K | 7(a) | 2 | P+2.10% | $209K | Q4 2023 |
| Indiana · Personal Care (Salons, Spas) · Under $150K | 7(a) | 2 | P+2.25% | $102K | Q1 2024 |
| Indiana · Transportation & Warehousing · Under $150K | 7(a) | 2 | P+2.88% | $63K | Q1 2023 |
| Indiana · Building Construction · Under $150K | 7(a) | 2 | P+1.50% | $150K | Q3 2025 |
| Indiana · Transportation & Warehousing · $150K – $350K | 7(a) | 2 | P+1.50% | $168K | Q4 2023 |
| Indiana · Retail Trade · Under $150K | 7(a) | 1 | P+0.50% | $50K | Q1 2025 |
| Indiana · Education · $150K – $350K | 7(a) | 1 | P+1.00% | $169K | Q1 2024 |
| Kentucky · Specialty Trade Contractors · $150K – $350K | 7(a) | 1 | P+-0.76% | $270K | Q1 2023 |
| Kentucky · Auto Dealers & Parts · $150K – $350K | 7(a) | 1 | P+0.49% | $260K | Q3 2022 |
| Kentucky · Management & IT Consulting · $150K – $350K | 7(a) | 1 | P+-0.60% | $340K | Q1 2023 |
| Kentucky · Restaurants & Food Service · $1M – $2M | 7(a) | 1 | P+1.40% | $1.2M | Q1 2024 |
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