Heritage Bank
Heritage Bank is a community-focused regional financial institution serving Washington, Oregon, and Idaho with personal banking, business banking, and wealth management services. Founded in 1927 with the belief that when banks and neighbors work together, great communities grow stronger. The bank operates 50 branches and is FDIC-insured with a commitment to local communities and customer service.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (28 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Heritage Bank ranks #122 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Heritage Bank’s 7(a) acquisition lending falls in the $0-$500K range: 14 loans, 50.0% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 14 | 50.0% | |
| $500K-$1M | 5 | 17.9% | |
| $1M-$2M | 3 | 10.7% | |
| $2M-$3M | 4 | 14.3% | |
| $3M-$4M | 2 | 7.1% |
Industries with highest loan volume
Offices of Real Estate Agents and Brokers
2
loans
$1.1M
avg. amount
Commercial Printing (except Screen and Books)
2
loans
$368K
avg. amount
Site Preparation Contractors
2
loans
$1.7M
avg. amount
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
2
loans
$1.9M
avg. amount
Limited-Service Restaurants
2
loans
$423K
avg. amount
Other Foundation, Structure, and Building Exterior Contractors
1
loans
$980K
avg. amount
Convenience Retailers
1
loans
$368K
avg. amount
Automotive Oil Change and Lubrication Shops
1
loans
$2.2M
avg. amount
Distilleries
1
loans
$176K
avg. amount
Environmental Consulting Services
1
loans
$3.1M
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Heritage Bank’s median variable rate is + 1.50%, against a market median of Prime + 1.88%, 38 below market.
It priced below the market median in every one of the last 7 quarters.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.57% |
| $500K-$1M | Prime + 1.10% |
| $1M-$2M | Prime + 1.17% |
| $2M-$3M | Prime + 1.06% |
| $3M-$4M | Prime + 1.50% |
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q2 '18 | Prime + 1.50% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 3 |
| Q1 '19 | Prime + 1.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q2 '19 | Prime + 1.75% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 5 |
| Q3 '20 | Prime + 2.00% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 3 |
| Q1 '21 | Prime + 1.75% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 3 |
| Q3 '23 | Prime + 1.13% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 4 |
| Q4 '25 | Prime + 1.50% | Prime + 2.25% | Prime + 1.67% – Prime + 2.75% | 3 |
Heritage Bank has originated 7(a) acquisition loans in 2 states, most actively in Washington (23) and Oregon (5). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Washington | 23 | 82.1% |
| Oregon | 5 | 17.9% |
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