Bank · Olympia, WA
Heritage Bank: SBA lending profile
#222
National rank by loans
Heritage Bank approved 191 SBA loans worth $126.1M between October 2021 and June 2026, ranking #222 of 2,283 SBA lenders nationally by loan count. Its median loan was $300,000, and 23% went to startups or businesses under two years old. It lent in 3 states, most often in Washington, and its most financed industry was restaurants and hotels.
SBA loans per fiscal year
0 27 53 80 FY14: 68 loans FY14 FY15: 68 loans FY15 FY16: 75 loans FY16 75 FY17: 75 loans FY17 FY18: 58 loans FY18 FY19: 54 loans FY19 FY20: 30 loans FY20 FY21: 53 loans FY21 FY22: 32 loans FY22 FY23: 30 loans FY23 FY24: 40 loans FY24 FY25: 51 loans FY25 FY26 (Oct to Jun): 38 loans FY26 38 Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Where Heritage Bank lends
State Loans Approved Median loan Rank in state
Washington 156 $106.7M $327,500 #18 Oregon 30 $18.9M $315,000 #30 Idaho 5 $573K $125,000 #56
Industries Heritage Bank finances
Industry Loans Share Median loan
Restaurants and hotels 24
$804,500 Manufacturing 23
$201,000 Professional and technical services 22
$262,500 Construction 20
$300,000 Health care and social assistance 19
$181,500 Retail 18
$172,000 Other services (repair, personal care) 15
$200,000 Transportation and warehousing 14
$273,100 Wholesale trade 12
$1,103,350 Administrative and support services 10
$249,500
Loan size mix
Under $150,000 28% $150,000 to $500,000 35% $500,000 to $2 million 27% $2 million and up 10% Loan programs used
Preferred Lender (PLP) 55% SBA Express 36% CAPLines 6% Standard 7(a) 2% PLP MARC 1%
Bank financials · Q2 2026
Total assets
$8.4B
Return on assets (annualized)
1.05%
Tier 1 capital to assets
9.9%
Business (C&I) loans
$745.3M
Noncurrent loans
0.27%
Uninsured deposits
39%
From the bank's FDIC call report. Shown for context, not as a rating. FDIC certificate 29012.
Loan terms
Median initial rate, FY2025 to date
8.75%
Variable-rate share
99%
Median term
10 years
Startups and new businesses
23%
Charge-off rate, 2010 to 2019 loans now closed
4.4%
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See its SBA market share in every state and county, who is taking share from it, how its rates compare, and the busy counties where it makes no loans.
See its market report Figures come from the SBA's public loan records and describe loans the SBA approved, not applications or the lender's full business.
Methodology