HeritageBank of the South
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by HeritageBank of the South · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112310 | Chicken Egg Production | 1 | $835K | $835K | 7.1% |
| 441110 | New Car Dealers | 1 | $517K | $517K | 7.1% |
| 541940 | Veterinary Services | 1 | $187K | $187K | 7.1% |
| 339116 | Dental Laboratories | 1 | $160K | $160K | 7.1% |
Geographic Distribution
SBA lending activity for HeritageBank of the South by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 11 | $2.9M | 78.6% |
| Georgia (GA) | 3 | $676K | 21.4% |
Why Choose HeritageBank of the South?
Based on SBA 7(a) lending track record from 1992-2004
- ✓Proven Track Record: 14 SBA loans approved, totaling $3.5M in financing
- ✓Industry Expertise: Specialized focus on Chicken Egg Production, New Car Dealers, Veterinary Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 139 months
- ✓Loan Range: Loan sizes from $50K to $835K, with an average of $252K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in AL, GA
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 HeritageBank of the South SBA lending
What types of businesses does HeritageBank of the South typically finance?
HeritageBank of the South specializes in SBA 7(a) lending to specific industries including chicken egg production, new car dealers, veterinary services, dental laboratories. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are HeritageBank of the South's typical SBA loan terms?
HeritageBank of the South's SBA 7(a) loans typically feature an average interest rate of — and average term length of 139 months (approximately 12 years). Loan sizes range from $50K to $835K, with an average loan size of $252K.
Do I need a business valuation for a HeritageBank of the South SBA loan?
Yes, HeritageBank of the South 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 HeritageBank of the South compare to other SBA lenders?
HeritageBank of the South has originated 14 SBA loans totaling $3.5M 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 HeritageBank of the South lend in?
HeritageBank of the South provides SBA 7(a) financing with particularly strong presence in AL, GA. 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.