Heartland Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Heartland Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 5 | $316K | $63K | 6.8% |
| 811111 | General Automotive Repair | 4 | $272K | $68K | 5.5% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 3 | $369K | $123K | 4.1% |
| 621310 | Offices of Chiropractors | 3 | $171K | $57K | 4.1% |
| 722410 | Drinking Places (Alcoholic Beverages) | 3 | $426K | $142K | 4.1% |
| 624410 | Child Care Services | 2 | $241K | $121K | 2.7% |
| 812910 | Pet Care (except Veterinary) Services | 2 | $345K | $173K | 2.7% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 2 | $375K | $188K | 2.7% |
| 325411 | Medicinal and Botanical Manufacturing | 1 | $125K | $125K | 1.4% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $151K | $151K | 1.4% |
Geographic Distribution
SBA lending activity for Heartland Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 36 | $4.5M | 49.3% |
| Iowa (IA) | 24 | $4.4M | 32.9% |
| Ohio (OH) | 6 | $724K | 8.2% |
| Missouri (MO) | 6 | $376K | 8.2% |
| North Carolina (NC) | 1 | $89K | 1.4% |
Why Choose Heartland Bank?
Based on SBA 7(a) lending track record from 1992-2024
- ✓Proven Track Record: 73 SBA loans approved, totaling $10.1M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physical, Occupational and Speech Therapists, and Audiologists, General Automotive Repair, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of 6.42% with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $11K to $1.5M, with an average of $138K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in NE, IA, OH
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Heartland Bank SBA lending
What types of businesses does Heartland Bank typically finance?
Heartland Bank specializes in SBA 7(a) lending to specific industries including offices of physical, occupational and speech therapists, and audiologists, general automotive repair, supermarkets and other grocery retailers (except convenience retailers), offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Heartland Bank's typical SBA loan terms?
Heartland Bank's SBA 7(a) loans typically feature an average interest rate of 6.42% and average term length of 107 months (approximately 9 years). Loan sizes range from $11K to $1.5M, with an average loan size of $138K.
Do I need a business valuation for a Heartland Bank SBA loan?
Yes, Heartland Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Heartland Bank compare to other SBA lenders?
Heartland Bank has originated 73 SBA loans totaling $10.1M since 1992. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Heartland Bank lend in?
Heartland Bank provides SBA 7(a) financing with particularly strong presence in NE, IA, OH, MO, NC. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.