Lenders › Heritage Bank Inc
7(a) lenderBurlington, KentuckyFDIC-insured bank72nd of 2,184 by approvals
Heritage Bank Inc
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
In FY2021 to FY2025 SBA approved 549 7(a) loans, worth $235M, through Heritage Bank Inc of Burlington, Kentucky, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 72nd among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 185 approvals totalling $131M, down 17% on FY2024 (223). FY2026 to 30 Jun 2026 adds 59 more.
The median approval was $150K, against $190K for the 7(a) program as a whole; 69.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 49 states and territories and 266 counties, led by California (11.7%), Florida (10.2%) and Texas (8.0%). The largest industry group was retail trade at 12.4% of approvals, and 5.6% of approvals were to franchise businesses.
Heritage Bank Inc has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 59 | $52.0M | $585K | $882K | 790 |
| FY2025 | 185 | $131M | $300K | $708K | 2,035 |
| FY2024 | 223 | $52.3M | $150K | $235K | 2,089 |
| FY2023 | 135 | $45.5M | $150K | $337K | 1,153 |
| FY2022 | 4 | $4.6M | $973K | $1.1M | 223 |
| FY2021 | 2 | — | — | — | 26 |
| FY2020 | 0 | — | — | — | 0 |
| FY2019 | 1 | — | — | — | 7 |
| FY2018 | 1 | — | — | — | 128 |
| FY2017 | 1 | — | — | — | 11 |
| FY2016 | 0 | — | — | — | 0 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 3 approvals. First approval on file: FY2017.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 5 | 79,249 | 639,905 |
| Cancelled or never disbursed | 0 | 10,102 | 79,313 |
| Disbursed loans | 5 | 69,147 | 560,592 |
| Paid in full | 3 | 52,688 | 435,813 |
| Charged off | 0 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 2 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | too few loans | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | too few loans | 1.5% | 2.5% |
| Dollars charged off | — | $565M | $5.70bn |
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $150K | $190K |
| Average approval | $428K | $518K |
| Approvals of $150,000 or less | 69.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 8.7% | 34.3% |
| Approvals to franchise businesses | 5.6% | 11.5% |
| Jobs supported per approval, as reported | 10.1 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (49 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 64 | $20.5M | 11.7% | |
| 2 | Florida | 56 | $20.3M | 10.2% | |
| 3 | Texas | 44 | $23.3M | 8.0% | |
| 4 | New York | 43 | $13.0M | 7.8% | |
| 5 | Ohio | 29 | $13.1M | 5.3% | |
| 6 | Pennsylvania | 28 | $13.9M | 5.1% | |
| 7 | Illinois | 27 | $10.7M | 4.9% | |
| 8 | Kentucky | 22 | $17.4M | 4.0% | |
| 9 | New Jersey | 20 | $9.8M | 3.6% | |
| 10 | Georgia | 19 | $9.3M | 3.5% | |
| 11 | North Carolina | 16 | $7.5M | 2.9% | |
| 12 | Maryland | 14 | $4.8M | 2.6% |
In California the lender accounts for 0.2% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (266 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 17 | $6.3M | 3.1% | |
| 2 | Miami-Dade County, FL | 14 | $3.4M | 2.6% | |
| 3 | Kings County, NY | 11 | $2.7M | 2.0% | |
| 4 | San Diego County, CA | 11 | $1.9M | 2.0% | |
| 5 | Philadelphia County, PA | 10 | $10.8M | 1.8% | |
| 6 | Harris County, TX | 8 | $5.5M | 1.5% | |
| 7 | Orange County, FL | 8 | $3.6M | 1.5% | |
| 8 | Orange County, CA | 8 | $2.3M | 1.5% | |
| 9 | Clark County, NV | 8 | $2.3M | 1.5% | |
| 10 | Cook County, IL | 8 | $2.2M | 1.5% | |
| 11 | King County, WA | 8 | $1.4M | 1.5% | |
| 12 | Hamilton County, OH | 7 | $4.9M | 1.3% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 68 | 12.4% | |
| 2 | Accommodation and Food Services | 65 | 11.8% | |
| 3 | Professional, Scientific, and Technical Services | 64 | 11.7% | |
| 4 | Health Care and Social Assistance | 58 | 10.6% | |
| 5 | Construction | 58 | 10.6% | |
| 6 | Other Services (except Public Administration) | 48 | 8.7% | |
| 7 | Wholesale Trade | 36 | 6.6% | |
| 8 | Manufacturing | 34 | 6.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 58 | 10.6% | |
| 2 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 24 | 4.4% | |
| 3 | General Freight TruckingNAICS 4841 | 21 | 3.8% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 20 | 3.6% | |
| 5 | Residential Building ConstructionNAICS 2361 | 18 | 3.3% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 17 | 3.1% | |
| 7 | Offices of DentistsNAICS 6212 | 15 | 2.7% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 14 | 2.6% | |
| 9 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 14 | 2.6% | |
| 10 | Offices of PhysiciansNAICS 6211 | 13 | 2.4% |
Approval sizes
- $50,000 or less1.1%6
- $50,001 to $150,00068.5%376
- $150,001 to $350,0004.9%27
- $350,001 to $1 million15.7%86
- $1 million to $2 million6.4%35
- Over $2 million3.5%19
Loan terms
- 5 years or less0.4%2
- Over 5 to 10 years91.6%503
- Over 10 to 20 years0.5%3
- Over 20 years7.5%41
Age of the businesses
- Existing, more than 2 years old84.3%463
- New business, 2 years or less3.6%20
- Startup, loan funds will open the business5.1%28
- Change of ownership6.9%38
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 470 | 85.6% | |
| 2 | 7a General | 66 | 12.0% | |
| 3 | International Trade Loans | 9 | 1.6% | |
| 4 | SBA Express Program | 4 | 0.7% |
Franchise share
31 of 549 approvals in FY2021–FY2025 (5.6%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | 911 Restoration | 4 | 0.7% | |
| 2 | Crumbl | 3 | 0.5% | |
| 3 | Meineke Car Care Center | 2 | 0.4% | |
| 4 | Cali Coffee | 1 | 0.2% | |
| 5 | Penn Station East Coast Subs | 1 | 0.2% | |
| 6 | Valvoline | 1 | 0.2% | |
| 7 | D1 Training | 1 | 0.2% | |
| 8 | Paris Baguette | 1 | 0.2% |
Questions and answers
How many SBA loans does Heritage Bank Inc make?
SBA approved 185 7(a) loans through Heritage Bank Inc in FY2025, worth $131M, and 549 over FY2021 to FY2025. That ranks 72nd of 2,184 active 7(a) lenders by number of approvals.
How large are Heritage Bank Inc's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $150K and the average $428K. The program-wide median was $190K.
What is Heritage Bank Inc's charge-off rate?
Heritage Bank Inc has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Heritage Bank Inc lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (58); other professional, scientific, and technical services (24); general freight trucking (21); automotive repair and maintenance (20).
Where does Heritage Bank Inc make SBA loans?
In 49 states and territories. California 64, Florida 56, Texas 44, New York 43, Ohio 29. In California it accounts for 0.2% of all 7(a) approvals.
Is Heritage Bank Inc's SBA lending rising?
Volumes are too small to compare periods.
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error