Heritage Bank
Headquartered in OLYMPIA, WA. Analysis based on 216 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $154.5M.
Total 7(a) loans
216
Total approved
$154.5M
Average loan
$715K
States funded in
5
Charge-off rate
0.79%
FY2020–FY2023 cohort
Paid-in-full rate
34.13%
Average rate
7.38%
Average term
122 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 541110 | Offices of Lawyers | 13 |
| 722513 | Limited-Service Restaurants | 13 |
| 722511 | Full-Service Restaurants | 9 |
| 541211 | Offices of Certified Public Accountants | 8 |
| 541219 | Other Accounting Services | 8 |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 7 |
| 541330 | Engineering Services | 6 |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 6 |
| 238990 | All Other Specialty Trade Contractors | 5 |
| 531210 | Offices of Real Estate Agents and Brokers | 5 |
Top 10 states
| State | Loans |
|---|---|
| WA | 167 |
| OR | 39 |
| NE | 6 |
| KS | 3 |
| ID | 1 |
Top franchise brands financed
22 franchise loans across 16 distinct brands.
| Franchise | Loans |
|---|---|
| Big Chicken | 3 |
| Jimmy John's | 2 |
| Coldwell Banker Commercial | 2 |
| Black Bear Diner | 2 |
| The UPS Store (f/k/a Mail Box | 2 |
| KTM - Dealer Agreement | 1 |
| Dutch Bros. | 1 |
| "RedLine Athletics", "Redline | 1 |
| Honda Powersports Sales and Se | 1 |
| Fitness Together | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.